AB Builders Group (HKSE:01615) Cash, Cash Equivalents, Marketable Securities : HK$88.2 Mil (As of Dec. 2023)

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What is AB Builders Group Cash, Cash Equivalents, Marketable Securities?

AB Builders Group's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (HK$141.20 Mil) to Jun. 2023 (HK$120.36 Mil) but then stayed the same from Jun. 2023 (HK$120.36 Mil) to Dec. 2023 (HK$88.19 Mil).

AB Builders Group's annual cash, cash equivalents, marketable securities increased from Dec. 2021 (HK$111.00 Mil) to Dec. 2022 (HK$141.20 Mil) but then declined from Dec. 2022 (HK$141.20 Mil) to Dec. 2023 (HK$88.19 Mil).

AB Builders Group Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for AB Builders Group'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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AB Builders Group Cash, Cash Equivalents, Marketable Securities Chart

AB Builders Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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117.99

80.41

111.00

141.20

88.19

AB Builders Group Semi-Annual Data
	Dec14	Dec15	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												111.00	143.97	141.20	120.36	88.19

AB Builders Group 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.

AB Builders Group (HKSE:01615) 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.

AB Builders Group Cash, Cash Equivalents, Marketable Securities Related Terms

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AB Builders Group (HKSE:01615) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » AB Builders Group Ltd (HKSE:01615) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

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Address

No. 126, Rua De Pequim, Edf. Commercial I Tak, 10th Floor, Macao, MAC

Website

http://www.abbuildersgroup.com

AB Builders Group Ltd operates as a construction contractor, focused on providing structural works, including substructure and superstructure works such as foundation works, basement works, piling and pile cap work, and the construction of high rise buildings, and fitting-out works. The company's reportable segments are Fitting-out works; Structural works; and Air purification business. It generates a vast majority of its revenue from the Fitting-out works segment. The company's operations are located in Macau and Hong Kong, of which key revenue is derived from Macau.

Executives

Lao Chio Seng	2201 Interest of corporation controlled by you
Wong Hio Mei	2202 Interest of your spouse
Laos International Holdings Limited	2101 Beneficial owner
Ip Kin Wa	2101 Beneficial owner
Whm Holdings Limited	2101 Beneficial owner

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