Kinergy (HKSE:03302) Cash And Cash Equivalents : HK$106.4 Mil (As of Dec. 2023)

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What is Kinergy Cash And Cash Equivalents?

Kinergy's quarterly cash and cash equivalents declined from Dec. 2022 (HK$115.75 Mil) to Jun. 2023 (HK$114.88 Mil) but then stayed the same from Jun. 2023 (HK$114.88 Mil) to Dec. 2023 (HK$106.36 Mil).

Kinergy's annual cash and cash equivalents declined from Dec. 2021 (HK$238.57 Mil) to Dec. 2022 (HK$115.75 Mil) and declined from Dec. 2022 (HK$115.75 Mil) to Dec. 2023 (HK$106.36 Mil).

Kinergy Cash And Cash Equivalents Historical Data

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

Kinergy Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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207.65

146.96

238.57

115.75

106.36

Kinergy Semi-Annual Data
	Dec15	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											238.57	187.72	115.75	114.88	106.36

Kinergy 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.

Kinergy (HKSE:03302) 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.

Kinergy Cash And Cash Equivalents Related Terms

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Kinergy (HKSE:03302) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kinergy Corp Ltd (HKSE:03302) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Changi North Street 1, Lobby 2, Singapore, SGP, 498789

Website

https://www.kinergy.com.sg

Kinergy Corp Ltd is a contract manufacturer specialising in the manufacture of equipment, machines, sub-systems, precision tools, spare parts and components in the semiconductor equipment industry. The company reports three operating segments that are Electronics Manufacturing Services (EMS) for high-mix/low volume sub-systems and equipment, Original Design Manufacturing (ODM) which provides proprietary Kinergy brand of equipment, precision tools, spare parts and Investment division. It derives key revenue from the EMS business. Geographically, the company has a presence in Singapore, the United States, Japan, Mainland China, the Philippines and Other Countries.

Executives

Foo Kaw Jee	2202 Interest of your spouse
Lim Kuak Choi Leslie	2101 Beneficial owner
Lim Kuak Choi Leslie	2101 Beneficial owner
Foo Kaw Jee	2202 Interest of your spouse
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Kerr Joyce Soeryadjaya	2201 Interest of corporation controlled by you
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