Weili Holdings (HKSE:02372) Cash, Cash Equivalents, Marketable Securities : HK$104.0 Mil (As of Dec. 2023)

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What is Weili Holdings Cash, Cash Equivalents, Marketable Securities?

Weili Holdings's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (HK$123.15 Mil) to Jun. 2023 (HK$112.55 Mil) but then stayed the same from Jun. 2023 (HK$112.55 Mil) to Dec. 2023 (HK$104.04 Mil).

Weili Holdings's annual cash, cash equivalents, marketable securities increased from Dec. 2021 (HK$71.73 Mil) to Dec. 2022 (HK$123.15 Mil) but then declined from Dec. 2022 (HK$123.15 Mil) to Dec. 2023 (HK$104.04 Mil).

Weili Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Weili 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.

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Weili Holdings Cash, Cash Equivalents, Marketable Securities Chart

Weili Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

29.53

44.52

71.73

123.15

104.04

Weili Holdings Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			71.73	53.83	123.15	112.55	104.04

Weili 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.

Weili Holdings (HKSE:02372) 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.

Weili Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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Weili Holdings (HKSE:02372) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Weili Holdings Ltd (HKSE:02372) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

New Industrial Park, Hong’an County, Hubei Province, Mi’ersi Town, CHN

Website

http://www.weiliholdings.com

Weili Holdings Ltd is a cigarette wrapping paper manufacturer in China with research and development capabilities to supply customized products to customers. The company mainly supply products to cigarette packaging manufacturers operating in various provinces in China, mainly including Hubei and Henan. The products sold by the company are used in the manufacture of cigarette packaging for well-known tobacco brands in China.

Executives

Chen Weizhuang	2201 Interest of corporation controlled by you
City Ease Limited	2101 Beneficial owner
Liu Yuezhu	2202 Interest of your spouse
Enlighten East Limited	2101 Beneficial owner
Yong Ning Limited	2101 Beneficial owner
Yu Tianbing	2201 Interest of corporation controlled by you
Zhou Huaqin	2202 Interest of your spouse

Weili Holdings (HKSE:02372) Headlines

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