Solomon Systech (International) (HKSE:02878) Cash, Cash Equivalents, Marketable Securities : HK$647 Mil (As of Dec. 2023)

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What is Solomon Systech (International) Cash, Cash Equivalents, Marketable Securities?

Solomon Systech (International)'s quarterly cash, cash equivalents, marketable securities increased from Dec. 2022 (HK$354.67 Mil) to Jun. 2023 (HK$559.72 Mil) and increased from Jun. 2023 (HK$559.72 Mil) to Dec. 2023 (HK$647.13 Mil).

Solomon Systech (International)'s annual cash, cash equivalents, marketable securities increased from Dec. 2021 (HK$193.08 Mil) to Dec. 2022 (HK$354.67 Mil) and increased from Dec. 2022 (HK$354.67 Mil) to Dec. 2023 (HK$647.13 Mil).

Solomon Systech (International) Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Solomon Systech (International)'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.

Solomon Systech (International) Cash, Cash Equivalents, Marketable Securities Chart

Solomon Systech (International) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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141.09

394.01

193.08

354.67

647.13

Solomon Systech (International) Semi-Annual Data
	Jun14	Dec14	Jun15	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															193.08	372.16	354.67	559.72	647.13

Solomon Systech (International) 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.

Solomon Systech (International) (HKSE:02878) 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.

Solomon Systech (International) Cash, Cash Equivalents, Marketable Securities Related Terms

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Solomon Systech (International) (HKSE:02878) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solomon Systech (International) Ltd (HKSE:02878) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

RZF:Germany

Address

No. 3 Science Park East Avenue, 6th Floor, Unit 607–613, Wireless Centre, Hong Kong Science Park, Shatin, New Territories, Hong Kong, HKG

Website

https://www.solomon-systech.com

Solomon Systech (International) Ltd, along with its subsidiaries is a semiconductor company specializing in the design, development, and sales of integrated circuit products and system solutions for various applications like smartphones, smart televisions, and other smart devices including consumer electronics products, wearables, portable devices, and industrial appliances. Geographically, the company's business is spread across Taiwan, China, Europe, Japan, Korea, South East Asia, the United States of America, and other regions. Hong Kong generates maximum revenue for the company.

Executives

Huada Semiconductor Co., Ltd	2101 Beneficial owner
Zhong Guo Dian Zi Xin Xi Chan Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Dian Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Yeh Tsuei Chi	2101 Beneficial owner

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