Highest Performances Holdings (Highest Performances Holdings) Cash, Cash Equivalents, Marketable Securities : $218.69 Mil (As of Dec. 2023)

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What is Highest Performances Holdings Cash, Cash Equivalents, Marketable Securities?

Highest Performances Holdings's quarterly cash, cash equivalents, marketable securities increased from Dec. 2022 ($10.79 Mil) to Jun. 2023 ($22.97 Mil) and increased from Jun. 2023 ($22.97 Mil) to Dec. 2023 ($218.69 Mil).

Highest Performances Holdings's annual cash, cash equivalents, marketable securities declined from Jun. 2021 ($40.56 Mil) to Jun. 2022 ($29.76 Mil) and declined from Jun. 2022 ($29.76 Mil) to Jun. 2023 ($22.97 Mil).

Highest Performances Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Highest Performances 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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Highest Performances Holdings Cash, Cash Equivalents, Marketable Securities Chart

Highest Performances Holdings Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash, Cash Equivalents, Marketable Securities

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55.16

40.94

40.56

29.76

22.97

Highest Performances Holdings Semi-Annual Data
	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									34.73	29.76	10.79	22.97	218.69

Highest Performances 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.

Highest Performances Holdings (NAS:HPH) 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.

Highest Performances Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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Highest Performances Holdings (Highest Performances Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Highest Performances Holdings Inc (NAS:HPH) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

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Address

No. 15 Zhujiang West Road, 42nd Floor, Pearl River Tower, Zhujiang New Town, Tianhe, Guangdong Province, Guangzhou, CHN

Website

https://www.puyiwm.com

Puyi Inc is the third-party wealth management services provider in China. The company provides wealth management services, corporate finance services and asset management services. It generates a majority of the revenue from wealth management services under which it distributes wealth management products both online and offline through its branch network. Products distributed online include publicly raised fund products, exchange administered products and asset management plans. Products distributed offline include privately raised fund products. In addition, the company also has a corporate finance services business, under which it provides corporate borrowers with financing solutions, including product design, identification of sources of funding, compliance and risk management.