Seacon Shipping Group Holdings (HKSE:02409) Cash, Cash Equivalents, Marketable Securities : HK$277 Mil (As of Jun. 2023)

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What is Seacon Shipping Group Holdings Cash, Cash Equivalents, Marketable Securities?

Seacon Shipping Group Holdings's quarterly cash, cash equivalents, marketable securities declined from Sep. 2022 (HK$218.51 Mil) to Dec. 2022 (HK$166.62 Mil) but then increased from Dec. 2022 (HK$166.62 Mil) to Jun. 2023 (HK$276.88 Mil).

Seacon Shipping Group Holdings's annual cash, cash equivalents, marketable securities increased from Dec. 2020 (HK$34.26 Mil) to Dec. 2021 (HK$220.83 Mil) but then declined from Dec. 2021 (HK$220.83 Mil) to Dec. 2022 (HK$166.62 Mil).

Seacon Shipping Group Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Seacon Shipping Group 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.

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Seacon Shipping Group Holdings Cash, Cash Equivalents, Marketable Securities Chart

Seacon Shipping Group Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

15.16

34.26

220.83

166.62

218.64

Seacon Shipping Group Holdings Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial				-	218.51	166.62	276.88	218.64

Seacon Shipping Group 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.

Seacon Shipping Group Holdings (HKSE:02409) 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.

Seacon Shipping Group Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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Seacon Shipping Group Holdings (HKSE:02409) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Seacon Shipping Group Holdings Ltd (HKSE:02409) » Definitions » Cash, Cash Equivalents, Marketable Securities

Traded in Other Exchanges

N/A

Address

No. 20 Zhuzhou Road, Rooms 01 and 04, 23rd Floor, Block B, Building 3, Laoshan District, Shandong Province, Qingdao, CHN

Website

http://www.seacon.com

Seacon Shipping Group Holdings Ltd is an integrated shipping services provider. The company's comprehensive solutions include, 1) shipping services and 2) ship management services, covering each process along the value chain of the maritime shipping industry.

Executives

Tricor Equity Trustee Limited	2301 Trustee
Shining Friends Limited	2201 Interest of corporation controlled by you
Oceanic Flame Limited	2201 Interest of corporation controlled by you
Guo Jinkui	2501 Other
Li Xuyue	2202 Interest of your spouse
Jin Qiu Holding Ltd.	2101 Beneficial owner
Chen Meimei	2202 Interest of your spouse
Kaimei Holding Ltd.	2101 Beneficial owner
Jovial Alliance Limited	2101 Beneficial owner
Chen Zekai	2501 Other

Seacon Shipping Group Holdings (HKSE:02409) Headlines

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