Infinity Logistics And Transport Ventures (HKSE:01442) Cash, Cash Equivalents, Marketable Securities : HK$85.1 Mil (As of Dec. 2023)

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What is Infinity Logistics And Transport Ventures Cash, Cash Equivalents, Marketable Securities?

Infinity Logistics And Transport Ventures's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (HK$69.87 Mil) to Jun. 2023 (HK$65.41 Mil) but then increased from Jun. 2023 (HK$65.41 Mil) to Dec. 2023 (HK$85.12 Mil).

Infinity Logistics And Transport Ventures's annual cash, cash equivalents, marketable securities declined from Dec. 2021 (HK$99.42 Mil) to Dec. 2022 (HK$69.87 Mil) but then increased from Dec. 2022 (HK$69.87 Mil) to Dec. 2023 (HK$85.12 Mil).

Infinity Logistics And Transport Ventures Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Infinity Logistics And Transport Ventures'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.

* Premium members only.

Infinity Logistics And Transport Ventures Cash, Cash Equivalents, Marketable Securities Chart

Infinity Logistics And Transport Ventures Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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32.34

137.78

99.42

69.87

85.12

Infinity Logistics And Transport Ventures Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial									99.42	59.09	69.87	65.41	85.12

Infinity Logistics And Transport Ventures 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.

Infinity Logistics And Transport Ventures (HKSE:01442) 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.

Infinity Logistics And Transport Ventures Cash, Cash Equivalents, Marketable Securities Related Terms

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Infinity Logistics And Transport Ventures (HKSE:01442) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Infinity Logistics And Transport Ventures Ltd (HKSE:01442) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Jalan Kasuarina 8, Infinity House, Bandar Botanic, Klang, Klang, SGR, MYS, 41200

Website

https://www.infinity.com.my

Infinity Logistics And Transport Ventures Ltd is an investment holding company. It operates in three segments: Integrated freight forwarding services segment, which provides non-vessel operating common carriers (NVOCC) and freight forwarding services; Logistics center and related services segment provides warehousing and container depot services; Land transportation services segment provides land transportation services; Flexitank solution & related services segment provides flexitank solution and related services; and Fourth-party Logistics (4PL) services. The company's geographical segments include China, Indonesia, Malaysia, Netherlands, Singapore, South Korea, Thailand, Vietnam, and Others, of which maximum revenue comes from Malaysia.

Executives

2926 Holdings Limited	2103 Interests held jointly with another person
Chan Kong Yew
Kwan Siew Deeg
Lo Shing Ping
Tan Jyh Yaong

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