Haosen Fintech Group (HKSE:03848) Cash And Cash Equivalents : HK$28.3 Mil (As of Dec. 2023)

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What is Haosen Fintech Group Cash And Cash Equivalents?

Haosen Fintech Group's quarterly cash and cash equivalents declined from Dec. 2022 (HK$55.34 Mil) to Jun. 2023 (HK$22.46 Mil) but then increased from Jun. 2023 (HK$22.46 Mil) to Dec. 2023 (HK$28.26 Mil).

Haosen Fintech Group's annual cash and cash equivalents declined from Dec. 2021 (HK$102.46 Mil) to Dec. 2022 (HK$55.34 Mil) and declined from Dec. 2022 (HK$55.34 Mil) to Dec. 2023 (HK$28.26 Mil).

Haosen Fintech Group Cash And Cash Equivalents Historical Data

The historical data trend for Haosen Fintech Group'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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Haosen Fintech Group Cash And Cash Equivalents Chart

Haosen Fintech Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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42.13

114.00

102.46

55.34

28.26

Haosen Fintech Group Semi-Annual Data
	Dec14	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													102.46	118.99	55.34	22.46	28.26

Haosen Fintech Group 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.

Haosen Fintech Group (HKSE:03848) 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.

Haosen Fintech Group Cash And Cash Equivalents Related Terms

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Haosen Fintech Group (HKSE:03848) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Haosen Fintech Group Ltd (HKSE:03848) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Room 3402, 34th Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.cwl.com

Haosen Fintech Group Ltd Formerly Wealthy Way Group Ltd is engaged in the financial services company. The company's segment includes Finance lease and factoring related services; Micro credit and loan facilitation related services and Securities dealing and broking and other financial services. It generates majority of its revenue from the Micro credit and loan facilitation related services segment. Geographically, it derives a majority of its revenue from China.

Executives

Wealthy Rise Investment Limited	2201 Interest of corporation controlled by you
Zhong Guo Jin Chu Kou Yin Hang	2106 Person having a security interest in shares
Lin Yihong	2201 Interest of corporation controlled by you
Lo Wai Ho	2201 Interest of corporation controlled by you

Haosen Fintech Group (HKSE:03848) Headlines

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