Palasino Holdings (HKSE:02536) Cash, Cash Equivalents, Marketable Securities : HK$98.9 Mil (As of Sep. 2023)

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What is Palasino Holdings Cash, Cash Equivalents, Marketable Securities?

Palasino Holdings's quarterly cash, cash equivalents, marketable securities increased from Sep. 2022 (HK$0.00 Mil) to Mar. 2023 (HK$107.17 Mil) but then stayed the same from Mar. 2023 (HK$107.17 Mil) to Sep. 2023 (HK$98.93 Mil).

Palasino Holdings's annual cash, cash equivalents, marketable securities increased from Mar. 2021 (HK$58.33 Mil) to Mar. 2022 (HK$135.58 Mil) but then declined from Mar. 2022 (HK$135.58 Mil) to Mar. 2023 (HK$107.17 Mil).

Palasino Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Palasino 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.

Palasino Holdings Cash, Cash Equivalents, Marketable Securities Chart

Palasino Holdings Annual Data

Trend

Mar21

Mar22

Mar23

Cash, Cash Equivalents, Marketable Securities

58.33

135.58

107.17

Palasino Holdings Quarterly Data
	Mar21	Mar22	Sep22	Mar23	Sep23
Cash, Cash Equivalents, Marketable Securities	58.33	135.58	-	107.17	98.93

Palasino 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.

Palasino Holdings (HKSE:02536) 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.

Palasino Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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Palasino Holdings (HKSE:02536) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Palasino Holdings Ltd (HKSE:02536) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

121 Des Voeux Road Central, 16 floor, Far East Consortium Building, Hong Kong, HKG

Website

https://www.palasinoholdings.com

Palasino Holdings Ltd is an entertainment, gaming, and leisure group comprising (i) one integrated land-based casino and resort and two full-service land-based casinos operating in the Czech Republic, offering primarily slot machines and table games, and (ii) three hotels in Germany and one hotel in Austria that offer accommodation, catering, conference, and leisure services. It operates into two reportable segments: Gaming operations - operation of casinos and Hotel and catering operations - operation of hotel, catering, and related services. Key revenue is generated from Gaming operations - operation of casinos.

Executives

Chiu David	2201 Interest of corporation controlled by you
Chiu Ng Nancy	2202 Interest of your spouse
Far East Organization (international) Limited	2201 Interest of corporation controlled by you
Sumptuous Assets Limited	2201 Interest of corporation controlled by you
Ample Bonus Limited	2101 Beneficial owner
Far East Consortium International Limited	2201 Interest of corporation controlled by you
Blossom Industrial Investment Limited	2201 Interest of corporation controlled by you
Blossom International Investment Holdings Limited	2201 Interest of corporation controlled by you
Blossom Investment Consultant Limited	2201 Interest of corporation controlled by you
Yang Fang	2201 Interest of corporation controlled by you

Palasino Holdings (HKSE:02536) Headlines

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