Redsun Services Group (HKSE:01971) Cash, Cash Equivalents, Marketable Securities : HK$698 Mil (As of Dec. 2023)

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What is Redsun Services Group Cash, Cash Equivalents, Marketable Securities?

Redsun Services Group's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (HK$610.12 Mil) to Jun. 2023 (HK$461.07 Mil) but then increased from Jun. 2023 (HK$461.07 Mil) to Dec. 2023 (HK$697.59 Mil).

Redsun Services Group's annual cash, cash equivalents, marketable securities declined from Dec. 2021 (HK$854.20 Mil) to Dec. 2022 (HK$610.12 Mil) but then increased from Dec. 2022 (HK$610.12 Mil) to Dec. 2023 (HK$697.59 Mil).

Redsun Services Group Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Redsun Services 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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Redsun Services Group Cash, Cash Equivalents, Marketable Securities Chart

Redsun Services Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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202.76

979.45

854.20

610.12

697.59

Redsun Services Group Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial							854.20	846.17	610.12	461.07	697.59

Redsun Services 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.

Redsun Services Group (HKSE:01971) 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.

Redsun Services Group Cash, Cash Equivalents, Marketable Securities Related Terms

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Redsun Services Group (HKSE:01971) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Redsun Services Group Ltd (HKSE:01971) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

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Address

No. 9 Daqiao North Road, 25th Floor, Hong Yang Building, Jiangsu Province, Nanjing, CHN

Website

http://www.rsunservice.hk

Redsun Services Group Ltd is a community service provider in Jiangsu province, China, with balanced property management abilities in the management of residential and commercial properties. The company provides property owners, commercial, residents and tenants with a wide range of property management services, including, among others, security, cleaning, greening and gardening, facility management, and repairs and maintenance services. It also provides Value-added services to non-property owners; and Community value-added services. It derives revenue from the provision of property management services, value-added services to non-property owners and community value-added services in Mainland China.

Executives

Hong Yang Group (holdings) Limited	2201 Interest of corporation controlled by you
Hong Yang Group Company Limited	2201 Interest of corporation controlled by you
Hong Yang International Limited	2201 Interest of corporation controlled by you
Redsun Services Group (holdings) Limited	2101 Beneficial owner
Chen Sihong	2202 Interest of your spouse
Zeng Huansha	2201 Interest of corporation controlled by you

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