LC Logistics (HKSE:02490) Cash And Cash Equivalents : HK$223 Mil (As of Dec. 2023)

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What is LC Logistics Cash And Cash Equivalents?

LC Logistics's quarterly cash and cash equivalents increased from Dec. 2021 (HK$232.66 Mil) to Dec. 2022 (HK$379.67 Mil) but then stayed the same from Dec. 2022 (HK$379.67 Mil) to Dec. 2023 (HK$222.77 Mil).

LC Logistics's annual cash and cash equivalents increased from Dec. 2021 (HK$232.66 Mil) to Dec. 2022 (HK$379.67 Mil) but then declined from Dec. 2022 (HK$379.67 Mil) to Dec. 2023 (HK$222.77 Mil).

LC Logistics Cash And Cash Equivalents Historical Data

The historical data trend for LC Logistics'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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LC Logistics Cash And Cash Equivalents Chart

LC Logistics Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

60.07

232.66

379.67

222.77

LC Logistics Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Cash And Cash Equivalents	60.07	232.66	379.67	222.77

LC Logistics 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.

LC Logistics (HKSE:02490) 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.

LC Logistics Cash And Cash Equivalents Related Terms

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LC Logistics (HKSE:02490) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » LC Logistics Inc (HKSE:02490) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

9/F, China Stone Building, 37 Hong Kong Middle Road, Shinan District, Shandong Province, Qingdao, CHN

Website

http://www.burnasia.cn

LC Logistics Inc is a company involved in cross-border logistics services. The company provides services cover all major aspects of the cross-border logistics process, including cargo pick-up and sorting, customs clearance, cross-border seaborne transportation, warehouse transit and last-mile delivery.

Executives

Li Yan	2201 Interest of corporation controlled by you
Liu Quanxiang	2201 Interest of corporation controlled by you
Xu Xin	2201 Interest of corporation controlled by you
Grand Sailing Limited	2201 Interest of corporation controlled by you
Lecang Altitude Limited	2101 Beneficial owner
Glorious Sailing Limited	2101 Beneficial owner
Lecang Flourishing Limited	2101 Beneficial owner
Spring Wealth Limited	2201 Interest of corporation controlled by you
Lecang Shining Limited	2101 Beneficial owner
Peace Seaworld Limited	2201 Interest of corporation controlled by you

LC Logistics (HKSE:02490) Headlines

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