Pacific Basin Shipping (HKSE:02343) Cash And Cash Equivalents : HK$2,041 Mil (As of Dec. 2023)

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What is Pacific Basin Shipping Cash And Cash Equivalents?

Pacific Basin Shipping's quarterly cash and cash equivalents declined from Dec. 2022 (HK$3,455.36 Mil) to Jun. 2023 (HK$1,683.57 Mil) but then increased from Jun. 2023 (HK$1,683.57 Mil) to Dec. 2023 (HK$2,041.47 Mil).

Pacific Basin Shipping's annual cash and cash equivalents declined from Dec. 2021 (HK$3,584.97 Mil) to Dec. 2022 (HK$3,455.36 Mil) and declined from Dec. 2022 (HK$3,455.36 Mil) to Dec. 2023 (HK$2,041.47 Mil).

Pacific Basin Shipping Cash And Cash Equivalents Historical Data

The historical data trend for Pacific Basin Shipping'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.

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Pacific Basin Shipping Cash And Cash Equivalents Chart

Pacific Basin Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,562.41

1,819.94

3,584.97

3,455.36

2,041.47

Pacific Basin Shipping 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															3,584.97	4,051.79	3,455.36	1,683.57	2,041.47

Pacific Basin Shipping 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.

Pacific Basin Shipping (HKSE:02343) 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.

Pacific Basin Shipping Cash And Cash Equivalents Related Terms

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Pacific Basin Shipping (HKSE:02343) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Pacific Basin Shipping Ltd (HKSE:02343) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

PCFBY:USA PCFBF:USA OYD:Germany

Address

2 Heung Yip Road, 31st Floor One Island South, Wong Chuk Hang, Hong Kong, HKG

Website

https://www.pacificbasin.com

Pacific Basin Shipping Ltd is an investment holding company engaged in the provision of dry bulk shipping services internationally including Asia, America, Europe, Africa, and Australia and New Zealand. The company generates revenue from shipping activities, while the principal sources of which are derived from Handysize and Supramax vessels.

Executives

Citigroup Inc.	2502 Approved lending agent
Jpmorgan Chase & Co.
Pzena Investment Management, Llc	2102 Investment manager
M&g Plc
Brown Brothers Harriman & Co.	2502 Approved lending agent
Fil Limited	2201 Interest of corporation controlled by you
Pandanus Associates Inc.	2201 Interest of corporation controlled by you
Pandanus Partners L.p.	2201 Interest of corporation controlled by you
Fmr Llc	2201 Interest of corporation controlled by you
Blackrock, Inc.	2201 Interest of corporation controlled by you
Wellington Management Group Llp	2102 Investment manager
Hsbc Holdings Plc	2302 Custodian
Aggregate Of Abrdn Plc Affiliated Investment Management Entities	2102 Investment manager
Aberdeen Global	2102 Investment manager

Pacific Basin Shipping (HKSE:02343) Headlines

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