Champion Real Estate Investment Trust (HKSE:02778) Cash And Cash Equivalents : HK$898 Mil (As of Dec. 2023)

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What is Champion Real Estate Investment Trust Cash And Cash Equivalents?

Champion Real Estate Investment Trust's quarterly cash and cash equivalents increased from Dec. 2022 (HK$668.55 Mil) to Jun. 2023 (HK$793.34 Mil) and increased from Jun. 2023 (HK$793.34 Mil) to Dec. 2023 (HK$898.39 Mil).

Champion Real Estate Investment Trust's annual cash and cash equivalents declined from Dec. 2021 (HK$1,628.73 Mil) to Dec. 2022 (HK$668.55 Mil) but then increased from Dec. 2022 (HK$668.55 Mil) to Dec. 2023 (HK$898.39 Mil).

Champion Real Estate Investment Trust Cash And Cash Equivalents Historical Data

The historical data trend for Champion Real Estate Investment Trust'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.

Champion Real Estate Investment Trust Cash And Cash Equivalents Chart

Champion Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,761.66

1,642.09

1,628.73

668.55

898.39

Champion Real Estate Investment Trust 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															1,628.73	458.99	668.55	793.34	898.39

Champion Real Estate Investment Trust 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.

Champion Real Estate Investment Trust (HKSE:02778) 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.

Champion Real Estate Investment Trust Cash And Cash Equivalents Related Terms

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Champion Real Estate Investment Trust (HKSE:02778) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Champion Real Estate Investment Trust (HKSE:02778) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

CMPNF:USA

Address

Great Eagle Centre, 23 Harbour Road, Suite 3008, 30th Floor, Wanchai, Hong Kong, HKG

Website

https://www.championreit.com

Champion Real Estate Investment Trust, or Champion REIT, owns and invests in income-producing office and retail properties, with a focus on Grade A commercial properties in prime locations. In Hong Kong, the trust holds two assets in Three Garden Road in the central business district and the retail and office components of Langham Place in Mong Kok. Great Eagle Holdings listed Champion REIT with a 91.5% stake in Three Garden Road in 2006 and injected the Langham Place office and retail portions into the trust in 2008. The trust acquired the remaining stake in Three Garden Road and unified ownership of the property in 2013. Great Eagle Holdings retains a 68.3% stake in Champion REIT. In 2021, the trust entered into a joint venture to acquire a 27% stake in 66 Shoe Lane in London.

Executives

Great Eagle Holdings Limited	2201 Interest of corporation controlled by you
Lo Ka Shui	2201 Interest of corporation controlled by you
Eagle Asset Management (cp) Limited	2101 Beneficial owner
Hsbc International Trustee Limited	2301 Trustee

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