OneConnect Financial Technology Co (HKSE:06638) Cash And Cash Equivalents : HK$1,360 Mil (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is OneConnect Financial Technology Co Cash And Cash Equivalents?

OneConnect Financial Technology Co's quarterly cash and cash equivalents declined from Sep. 2023 (HK$1,557.09 Mil) to Dec. 2023 (HK$1,508.84 Mil) but then stayed the same from Dec. 2023 (HK$1,508.84 Mil) to Mar. 2024 (HK$1,360.16 Mil).

OneConnect Financial Technology Co's annual cash and cash equivalents increased from Dec. 2021 (HK$1,713.48 Mil) to Dec. 2022 (HK$2,130.44 Mil) but then declined from Dec. 2022 (HK$2,130.44 Mil) to Dec. 2023 (HK$1,508.84 Mil).

OneConnect Financial Technology Co Cash And Cash Equivalents Historical Data

The historical data trend for OneConnect Financial Technology Co'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.

* Premium members only.

OneConnect Financial Technology Co Cash And Cash Equivalents Chart

OneConnect Financial Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

Get a 7-Day Free Trial

1,199.41

3,621.73

1,713.48

2,130.44

1,508.84

OneConnect Financial Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															1,875.28	1,662.01	1,557.09	1,508.84	1,360.16

OneConnect Financial Technology Co 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.

OneConnect Financial Technology Co (HKSE:06638) 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.

OneConnect Financial Technology Co Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of OneConnect Financial Technology Co's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

OneConnect Financial Technology Co (HKSE:06638) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » OneConnect Financial Technology Co Ltd (HKSE:06638) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

OCFT:USA

Address

No.1 Tairan 7th Road, 10-14th Floor, Block A, Platinum Towers, Futian District, Shenzhen, CHN

Website

https://www.ocft.com

OneConnect Financial Technology Co Ltd is a provider of technology platforms. Its platform provides cloud-native technology solutions that integrate financial services with market technology. The company offers technology applications and technology-enabled business services to financial institutions in China. Its technology solutions cover multiple verticals in the financial services industry, including banking, insurance and asset management, across the full scope of their businesses from sales and marketing and risk management to customer services and operations, as well as technology infrastructures such as data management and cloud services. The firm operates in two segments namely Technology Solutions which is the key revenue driver and Virtual Bank Business.

Executives

Li Jie	2101 Beneficial owner
Sen Rong Limited	2101 Beneficial owner
Yi Chuan Jin Limited	2201 Interest of corporation controlled by you
Hsbc Holdings Plc	2201 Interest of corporation controlled by you
An Ke Technology Company Limited	2201 Interest of corporation controlled by you
Bo Yu Limited	2101 Beneficial owner
Shenzhen Ping An Financial Technology Consulting Co., Ltd.	2201 Interest of corporation controlled by you
Dou Wenwei	2201 Interest of corporation controlled by you
Rong Chang Limited	2101 Beneficial owner
Wang Wenjun	2201 Interest of corporation controlled by you
Xu Liang	2201 Interest of corporation controlled by you
Zhong Guo Ping An Bao Xian Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

OneConnect Financial Technology Co (HKSE:06638) Headlines

No Headlines