Seacon Shipping Group Holdings (HKSE:02409) Cash And Cash Equivalents : HK$277 Mil (As of Jun. 2023)

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What is Seacon Shipping Group Holdings Cash And Cash Equivalents?

Seacon Shipping Group Holdings's quarterly cash and cash equivalents declined from Sep. 2022 (HK$208.49 Mil) to Dec. 2022 (HK$157.03 Mil) but then increased from Dec. 2022 (HK$157.03 Mil) to Jun. 2023 (HK$276.88 Mil).

Seacon Shipping Group Holdings's annual cash and cash equivalents increased from Dec. 2020 (HK$34.26 Mil) to Dec. 2021 (HK$195.21 Mil) but then declined from Dec. 2021 (HK$195.21 Mil) to Dec. 2022 (HK$157.03 Mil).

Seacon Shipping Group Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Seacon Shipping Group Holdings'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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Seacon Shipping Group Holdings Cash And Cash Equivalents Chart

Seacon Shipping Group Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

15.16

34.26

195.21

157.03

218.64

Seacon Shipping Group Holdings Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial				-	208.49	157.03	276.88	218.64

Seacon Shipping Group Holdings 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.

Seacon Shipping Group Holdings (HKSE:02409) 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.

Seacon Shipping Group Holdings Cash And Cash Equivalents Related Terms

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Seacon Shipping Group Holdings (HKSE:02409) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Seacon Shipping Group Holdings Ltd (HKSE:02409) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

No. 20 Zhuzhou Road, Rooms 01 and 04, 23rd Floor, Block B, Building 3, Laoshan District, Shandong Province, Qingdao, CHN

Website

http://www.seacon.com

Seacon Shipping Group Holdings Ltd is an integrated shipping services provider. The company's comprehensive solutions include, 1) shipping services and 2) ship management services, covering each process along the value chain of the maritime shipping industry.

Executives

Tricor Equity Trustee Limited	2301 Trustee
Shining Friends Limited	2201 Interest of corporation controlled by you
Oceanic Flame Limited	2201 Interest of corporation controlled by you
Guo Jinkui	2501 Other
Li Xuyue	2202 Interest of your spouse
Jin Qiu Holding Ltd.	2101 Beneficial owner
Chen Meimei	2202 Interest of your spouse
Kaimei Holding Ltd.	2101 Beneficial owner
Jovial Alliance Limited	2101 Beneficial owner
Chen Zekai	2501 Other

Seacon Shipping Group Holdings (HKSE:02409) Headlines

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