Hong Kong Ferry (Holdings) Co (HKSE:00050) Cash And Cash Equivalents : HK$1,825.4 Mil (As of Dec. 2023)

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What is Hong Kong Ferry (Holdings) Co Cash And Cash Equivalents?

Hong Kong Ferry (Holdings) Co's quarterly cash and cash equivalents declined from Dec. 2022 (HK$1,972.73 Mil) to Jun. 2023 (HK$1,803.30 Mil) but then increased from Jun. 2023 (HK$1,803.30 Mil) to Dec. 2023 (HK$1,825.43 Mil).

Hong Kong Ferry (Holdings) Co's annual cash and cash equivalents increased from Dec. 2021 (HK$1,683.03 Mil) to Dec. 2022 (HK$1,972.73 Mil) but then declined from Dec. 2022 (HK$1,972.73 Mil) to Dec. 2023 (HK$1,825.43 Mil).

Hong Kong Ferry (Holdings) Co Cash And Cash Equivalents Historical Data

The historical data trend for Hong Kong Ferry (Holdings) Co'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.

Hong Kong Ferry (Holdings) Co Cash And Cash Equivalents Chart

Hong Kong Ferry (Holdings) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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974.75

731.10

1,683.03

1,972.73

1,825.43

Hong Kong Ferry (Holdings) Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															1,683.03	1,541.78	1,972.73	1,803.30	1,825.43

Hong Kong Ferry (Holdings) Co 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.

Hong Kong Ferry (Holdings) Co (HKSE:00050) 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.

Hong Kong Ferry (Holdings) Co Cash And Cash Equivalents Related Terms

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Hong Kong Ferry (Holdings) Co (HKSE:00050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hong Kong Ferry (Holdings) Co Ltd (HKSE:00050) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

98 Tam Kon Shan Road, TYTL 102, Ngau Kok Wan, North Tsing Yi, New Territories, Hong Kong, HKG, TYTL 102

Website

https://www.hkf.com

Hong Kong Ferry (Holdings) Co Ltd is an investment holding company. It operates through four segments comprising Property development including the development and sale of properties; Property investment including rental income from the leasing of properties; Ferry, shipyard and related operations including income from the operation of dangerous goods vehicular ferry service and ship repairs and maintenance services and sales of goods on cruise vessels; and Securities investment segment which includes dividend, interest and other income from debt and equity securities investments. It derives a majority of the revenue from the Property investment segment. All of the group's revenue and profit from operations were derived from activities in Hong Kong.

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