Risecomm Group Holdings (HKSE:01679) Cash, Cash Equivalents, Marketable Securities : HK$39.3 Mil (As of Dec. 2023)

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What is Risecomm Group Holdings Cash, Cash Equivalents, Marketable Securities?

Risecomm Group Holdings's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (HK$96.77 Mil) to Jun. 2023 (HK$56.10 Mil) but then stayed the same from Jun. 2023 (HK$56.10 Mil) to Dec. 2023 (HK$39.29 Mil).

Risecomm Group Holdings's annual cash, cash equivalents, marketable securities declined from Dec. 2021 (HK$112.29 Mil) to Dec. 2022 (HK$96.77 Mil) and declined from Dec. 2022 (HK$96.77 Mil) to Dec. 2023 (HK$39.29 Mil).

Risecomm Group Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Risecomm Group Holdings's Cash, Cash Equivalents, Marketable Securities 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.

Risecomm Group Holdings Cash, Cash Equivalents, Marketable Securities Chart

Risecomm Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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161.47

144.23

112.29

96.77

39.29

Risecomm Group Holdings Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial													112.29	75.13	96.77	56.10	39.29

Risecomm Group Holdings Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Risecomm Group Holdings (HKSE:01679) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Risecomm Group Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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Risecomm Group Holdings (HKSE:01679) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Risecomm Group Holdings Ltd (HKSE:01679) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xili Street, 41st Floor, Block A, Building 8, Shenzhen International Innovation Valley, Nanshan Distric, Shenzhen, CHN, 518055

Website

https://www.risecomm.com.cn

Risecomm Group Holdings Ltd is an investment holding company. It operates in two business segments namely, Automated Meter Reading (AMR) and other includes design, development, and sale of power line communication products and energy-saving and environmental protection products and solutions used in streetlight control, building energy management, photovoltaic power management, and providing maintenance services in connections with the deployment and upgrading of AMR systems in PRC; and Smart manufacturing & industrial automation (SMIA) business segment includes the sales of the software license, safety products as well as the provision of software post-contract customers support services. It generates revenue from AMR business. Geographically, it derives revenue from the PRC.

Executives

Fu Xiaoqin	2101 Beneficial owner
Xindaxin Group Company Limited	2101 Beneficial owner
Silver Castle International Limited	2201 Interest of corporation controlled by you
Yan Andrew Y	2201 Interest of corporation controlled by you
Wu Yueshi	2201 Interest of corporation controlled by you
Sb Asia Investment Fund Ii L.p.	2101 Beneficial owner
Saif Partners Ii Lp	2201 Interest of corporation controlled by you
Saif Ii Gp Lp	2201 Interest of corporation controlled by you
Saif Ii Gp Capital Ltd.	2201 Interest of corporation controlled by you
Cisco Systems, Inc.	2201 Interest of corporation controlled by you
Liu Bei Bei	2101 Beneficial owner
Yu Lu	2101 Beneficial owner
Ding Zhigang	2101 Beneficial owner
Ning Jun	2101 Beneficial owner
Spitzer Fund Vi L.p.

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