CN Logistics International Holdings (HKSE:02130) Cash, Cash Equivalents, Marketable Securities : HK$282 Mil (As of Dec. 2023)

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What is CN Logistics International Holdings Cash, Cash Equivalents, Marketable Securities?

CN Logistics International Holdings's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (HK$306.09 Mil) to Jun. 2023 (HK$305.61 Mil) but then stayed the same from Jun. 2023 (HK$305.61 Mil) to Dec. 2023 (HK$282.48 Mil).

CN Logistics International Holdings's annual cash, cash equivalents, marketable securities increased from Dec. 2021 (HK$295.14 Mil) to Dec. 2022 (HK$306.09 Mil) but then declined from Dec. 2022 (HK$306.09 Mil) to Dec. 2023 (HK$282.48 Mil).

CN Logistics International Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for CN Logistics International Holdings'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.

CN Logistics International Holdings Cash, Cash Equivalents, Marketable Securities Chart

CN Logistics International Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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102.79

255.32

295.14

306.09

282.48

CN Logistics International Holdings Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial						295.14	338.05	306.09	305.61	282.48

CN Logistics International Holdings 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.

CN Logistics International Holdings (HKSE:02130) 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.

CN Logistics International Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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CN Logistics International Holdings (HKSE:02130) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CN Logistics International Holdings Ltd (HKSE:02130) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

97-107 Wo Yi Hop Road, Unit B, 13th Floor, Park Sun Building, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.cnlogistics.com.hk

CN Logistics International Holdings Ltd is an international logistics solutions provider. Its core business is providing air freight forwarding services and distribution and logistics services in relation to fashion products and fine wine, majorly focusing on high-end fashion including luxury and affordable luxury products.

Executives

Cargo Services Group Limited	2201 Interest of corporation controlled by you
Cs Logistics Holdings Ltd.	2201 Interest of corporation controlled by you
Lau Shek Yau John	2201 Interest of corporation controlled by you
Bai Chang Tai You Xian Gong Si	2201 Interest of corporation controlled by you
Dp World Limited	2201 Interest of corporation controlled by you
Cargo Services Seafreight Limited	2101 Beneficial owner
Cargo Services (logistics) Limited	2101 Beneficial owner
Ngan Au Kei Yee
Ngan Tim Wing	2101 Beneficial owner
Chan Wing Luk	2101 Beneficial owner

CN Logistics International Holdings (HKSE:02130) Headlines

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