Asia Grocery Distribution (HKSE:08413) Cash And Cash Equivalents : HK$36.6 Mil (As of Sep. 2023)

View and export this data going back to 2017. Start your Free Trial

What is Asia Grocery Distribution Cash And Cash Equivalents?

Asia Grocery Distribution's quarterly cash and cash equivalents declined from Mar. 2023 (HK$34.98 Mil) to Jun. 2023 (HK$0.00 Mil) but then increased from Jun. 2023 (HK$0.00 Mil) to Sep. 2023 (HK$36.58 Mil).

Asia Grocery Distribution's annual cash and cash equivalents declined from Mar. 2021 (HK$38.44 Mil) to Mar. 2022 (HK$29.80 Mil) but then increased from Mar. 2022 (HK$29.80 Mil) to Mar. 2023 (HK$34.98 Mil).

Asia Grocery Distribution Cash And Cash Equivalents Historical Data

The historical data trend for Asia Grocery Distribution'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.

Asia Grocery Distribution Cash And Cash Equivalents Chart

Asia Grocery Distribution Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash And Cash Equivalents

Get a 7-Day Free Trial

64.75

54.00

38.44

29.80

34.98

Asia Grocery Distribution Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial															29.01	-	34.98	-	36.58

Asia Grocery Distribution 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.

Asia Grocery Distribution (HKSE:08413) 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.

Asia Grocery Distribution Cash And Cash Equivalents Related Terms

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

Asia Grocery Distribution (HKSE:08413) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Asia Grocery Distribution Ltd (HKSE:08413) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 22 Sze Shan Street, The Whole of Upper Ground Floor, Mai Tong Industrial Building, Kowloon, Hong Kong, HKG

Website

https://www.agdl.com.hk

Asia Grocery Distribution Ltd is engaged in distributing food and beverage groceries to a wide array of customers, including restaurants, non-commercial dining establishments, hotels, and private clubs, food processing operators, and wholesalers in Hong Kong. It also offers Kitchen and hygiene products include food wrap and food related products such as cling film, baking sheet, foil, cleaning products such as detergent, bleach, liquid soap and others such as tissue paper, toothpick and towel, hygiene products such as face masks and gloves. The company distributes its products to Hong Kong, China, Korea, Thailand, Malaysia, the United Kingdom, the United States, Spain, France, Turkey, and Italy.

Executives

Chu Man	2202 Interest of your spouse
Sky Alpha Investments Limited	2101 Beneficial owner
Fan Wing	2202 Interest of your spouse
Wong Siu Man	2201 Interest of corporation controlled by you
Wong Siu Wa	2201 Interest of corporation controlled by you

Asia Grocery Distribution (HKSE:08413) Headlines

No Headlines