Fenbi (HKSE:02469) Cash And Cash Equivalents : HK$735 Mil (As of Dec. 2023)

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What is Fenbi Cash And Cash Equivalents?

Fenbi's quarterly cash and cash equivalents increased from Dec. 2022 (HK$1,169.65 Mil) to Jun. 2023 (HK$1,460.56 Mil) but then stayed the same from Jun. 2023 (HK$1,460.56 Mil) to Dec. 2023 (HK$734.51 Mil).

Fenbi's annual cash and cash equivalents declined from Dec. 2021 (HK$1,420.22 Mil) to Dec. 2022 (HK$1,169.65 Mil) and declined from Dec. 2022 (HK$1,169.65 Mil) to Dec. 2023 (HK$734.51 Mil).

Fenbi Cash And Cash Equivalents Historical Data

The historical data trend for Fenbi'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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Fenbi Cash And Cash Equivalents Chart

Fenbi Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

180.02

394.33

1,420.22

1,169.65

734.51

Fenbi Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial			1,420.22	1,469.38	1,169.65	1,460.56	734.51

Fenbi 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.

Fenbi (HKSE:02469) 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.

Fenbi Cash And Cash Equivalents Related Terms

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Fenbi (HKSE:02469) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Fenbi Ltd (HKSE:02469) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jiuxianqiao North Road, Room 601, 1-6th Floor, Building 103, No. 10 Courtyard, Chaoyang District, Beijing, CHN

Website

https://www.fenbi.com

Fenbi Ltd operates as a non-formal vocational education and training (VET) service provider in China. The company is a career test preparation service provider in China, providing a comprehensive suite of recruitment and qualification examination tutoring courses for adult students pursuing careers in government-sponsored institutions and a number of professions and industries. It helps college graduates excel in the competitive selection process administered by governmental institutions, and help professionals obtain the relevant qualifications.

Executives

Li Yong	2103 Interests held jointly with another person
Wei Liang	2201 Interest of corporation controlled by you
Zhang Xiaolong	2201 Interest of corporation controlled by you
Li Xin	2103 Interests held jointly with another person
Chalk Sky Ltd	2101 Beneficial owner
Sonata (bvi) Limited	2201 Interest of corporation controlled by you
Ocorian Singapore Trust Company Pte. Ltd.	2301 Trustee
Ark Trust (hong Kong) Limited	2301 Trustee
Tencent Holdings Limited
Ho Chi Sing	2201 Interest of corporation controlled by you
Idg-accel China Growth Fund Gp Iii Associates Ltd.	2201 Interest of corporation controlled by you
Zhou Quan	2201 Interest of corporation controlled by you
Matrix China Management Ii, L.p.	2201 Interest of corporation controlled by you
Matrix China Ii Gp Gp, Ltd.	2201 Interest of corporation controlled by you
Idg-accel China Growth Fund Iii L.p.	2101 Beneficial owner

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