Kong Sun Holdings (HKSE:00295) Cash And Cash Equivalents : HK$278.7 Mil (As of Dec. 2023)

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What is Kong Sun Holdings Cash And Cash Equivalents?

Kong Sun Holdings's quarterly cash and cash equivalents declined from Dec. 2022 (HK$337.22 Mil) to Jun. 2023 (HK$198.55 Mil) but then increased from Jun. 2023 (HK$198.55 Mil) to Dec. 2023 (HK$278.67 Mil).

Kong Sun Holdings's annual cash and cash equivalents declined from Dec. 2021 (HK$856.61 Mil) to Dec. 2022 (HK$337.22 Mil) and declined from Dec. 2022 (HK$337.22 Mil) to Dec. 2023 (HK$278.67 Mil).

Kong Sun Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Kong Sun Holdings's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Kong Sun Holdings Cash And Cash Equivalents Chart

Kong Sun Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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216.05

200.28

856.61

337.22

278.67

Kong Sun Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															856.61	245.44	337.22	198.55	278.67

Kong Sun Holdings Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Kong Sun Holdings (HKSE:00295) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Kong Sun Holdings Cash And Cash Equivalents Related Terms

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Kong Sun Holdings (HKSE:00295) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Kong Sun Holdings Ltd (HKSE:00295) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

KOJ5:Germany

Address

108 Gloucester Road, Everbright Centre, Unit 803-4, 8th Floor, Wanchai, Hong Kong, HKG

Website

http://www.kongsun.com

Kong Sun Holdings Ltd owns and operates photovoltaic power plants, invest in and lease properties, manufactures and sells life-like plants, and trade listed securities. It operates through the following segments: Solar Power Plants, Financial Services, and Liquefied natural gas. The Solar Power Plants segment which derives the majority of revenue generates and sells electricity. The Financial Services segment generates interest income recognized on a time-proportion basis. The Liquefied natural gas segment engages in the trading of liquefied natural gas.

Executives

Miao Yu	2201 Interest of corporation controlled by you
Prospect Ace Limited	2101 Beneficial owner
Xiang Jun	2101 Beneficial owner

Kong Sun Holdings (HKSE:00295) Headlines

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