China Travel International Investment Hong Kong (HKSE:00308) Cash, Cash Equivalents, Marketable Securities : HK$2,663 Mil (As of Dec. 2023)

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What is China Travel International Investment Hong Kong Cash, Cash Equivalents, Marketable Securities?

China Travel International Investment Hong Kong's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (HK$2,797.98 Mil) to Jun. 2023 (HK$2,684.06 Mil) but then stayed the same from Jun. 2023 (HK$2,684.06 Mil) to Dec. 2023 (HK$2,663.39 Mil).

China Travel International Investment Hong Kong's annual cash, cash equivalents, marketable securities declined from Dec. 2021 (HK$3,074.49 Mil) to Dec. 2022 (HK$2,797.98 Mil) and declined from Dec. 2022 (HK$2,797.98 Mil) to Dec. 2023 (HK$2,663.39 Mil).

China Travel International Investment Hong Kong Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for China Travel International Investment Hong Kong's Cash, Cash Equivalents, Marketable Securities 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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China Travel International Investment Hong Kong Cash, Cash Equivalents, Marketable Securities Chart

China Travel International Investment Hong Kong Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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3,254.95

3,244.96

3,074.49

2,797.98

2,663.39

China Travel International Investment Hong Kong Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															3,074.49	2,799.40	2,797.98	2,684.06	2,663.39

China Travel International Investment Hong Kong Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

China Travel International Investment Hong Kong (HKSE:00308) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

China Travel International Investment Hong Kong Cash, Cash Equivalents, Marketable Securities Related Terms

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China Travel International Investment Hong Kong (HKSE:00308) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » China Travel International Investment Hong Kong Ltd (HKSE:00308) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

CTVIF:USA CTI:Germany

Address

78-83 Connaught Road Central, 12th Floor, CTS House, Hong Kong, HKG

Website

http://www.hkcts.com

China Travel International Investment Hong Kong Ltd is a holding company focused on leisure investments. The company has four primary divisions: travel agency and related operations, tourist attractions, hotels, and passenger transportation services. It derives revenue from its travel agency, tourist attraction, and hotel operations. Travel agency and related operations include the company's travel agency and travel document businesses. Tourist attraction operations, which comprise the largest portion of company revenue, include theme parks, resorts, and scenic destinations. Hotel operations include hotel accommodation, food, and beverage services. The company generates the vast majority of revenue in Hong Kong and mainland China.

Executives

Kwok Hoi Hing	2101 Beneficial owner
Zhong Guo Lv You Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you

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