Yuan Heng Gas Holdings (HKSE:00332) Cash And Cash Equivalents : HK$19 Mil (As of Sep. 2023)

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What is Yuan Heng Gas Holdings Cash And Cash Equivalents?

Yuan Heng Gas Holdings's quarterly cash and cash equivalents increased from Sep. 2022 (HK$63.78 Mil) to Mar. 2023 (HK$81.62 Mil) but then stayed the same from Mar. 2023 (HK$81.62 Mil) to Sep. 2023 (HK$18.78 Mil).

Yuan Heng Gas Holdings's annual cash and cash equivalents increased from Mar. 2021 (HK$54.67 Mil) to Mar. 2022 (HK$152.07 Mil) but then declined from Mar. 2022 (HK$152.07 Mil) to Mar. 2023 (HK$81.62 Mil).

Yuan Heng Gas Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Yuan Heng Gas 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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Yuan Heng Gas Holdings Cash And Cash Equivalents Chart

Yuan Heng Gas Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash And Cash Equivalents

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79.12

32.50

54.67

152.07

81.62

Yuan Heng Gas Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial															78.74	152.07	63.78	81.62	18.78

Yuan Heng Gas 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.

Yuan Heng Gas Holdings (HKSE:00332) 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.

Yuan Heng Gas Holdings Cash And Cash Equivalents Related Terms

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Yuan Heng Gas Holdings (HKSE:00332) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Yuan Heng Gas Holdings Ltd (HKSE:00332) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

16 Harcourt Road, Room 4102, 41st Floor, Far East Finance Centre, Hong Kong, HKG

Website

https://www.yuanhenggas.com

Yuan Heng Gas Holdings Ltd is an investment holding company. The company's operating segment includes production and sales of LNG, oil and gas transactions, and piped gas. The majority of the revenue is generated from oil and gas transactions. Its geographical segments include the People's Republic of China(PRC), Hong Kong, and Singapore, of which the majority of the revenue comes from PRC.

Executives

Champion Ever Limited	2101 Beneficial owner
Cheng Xu	2202 Interest of your spouse
Wang Jianqing	2201 Interest of corporation controlled by you
Central Huijin Investment Ltd.	2106 Person having a security interest in shares
China Construction Bank Corporation	2106 Person having a security interest in shares
Fundfleet Investment Limited Partnership	2101 Beneficial owner
Galaxy King Limited	2101 Beneficial owner

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