COSCO SHIPPING International (Hong Kong) Co (HKSE:00517) Cash And Cash Equivalents : HK$6,150 Mil (As of Dec. 2023)

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What is COSCO SHIPPING International (Hong Kong) Co Cash And Cash Equivalents?

COSCO SHIPPING International (Hong Kong) Co's quarterly cash and cash equivalents increased from Dec. 2022 (HK$5,799.16 Mil) to Jun. 2023 (HK$6,068.95 Mil) and increased from Jun. 2023 (HK$6,068.95 Mil) to Dec. 2023 (HK$6,150.10 Mil).

COSCO SHIPPING International (Hong Kong) Co's annual cash and cash equivalents declined from Dec. 2021 (HK$6,213.63 Mil) to Dec. 2022 (HK$5,799.16 Mil) but then increased from Dec. 2022 (HK$5,799.16 Mil) to Dec. 2023 (HK$6,150.10 Mil).

COSCO SHIPPING International (Hong Kong) Co Cash And Cash Equivalents Historical Data

The historical data trend for COSCO SHIPPING International (Hong Kong) Co's Cash And Cash Equivalents 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.

COSCO SHIPPING International (Hong Kong) Co Cash And Cash Equivalents Chart

COSCO SHIPPING International (Hong Kong) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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6,314.16

6,505.05

6,213.63

5,799.16

6,150.10

COSCO SHIPPING International (Hong Kong) Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															6,213.63	6,035.36	5,799.16	6,068.95	6,150.10

COSCO SHIPPING International (Hong Kong) Co Cash And Cash Equivalents 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.

COSCO SHIPPING International (Hong Kong) Co (HKSE:00517) Cash And Cash Equivalents Explanation

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.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

COSCO SHIPPING International (Hong Kong) Co Cash And Cash Equivalents Related Terms

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COSCO SHIPPING International (Hong Kong) Co (HKSE:00517) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » COSCO SHIPPING International (Hong Kong) Co Ltd (HKSE:00517) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

CHDGF:USA CSB:Germany

Address

183 Queen's Road Central, 47th Floor, COSCO Tower, Hong Kong, HKG

Website

https://hk.coscoshipping.com

COSCO SHIPPING International (Hong Kong) Co Ltd is a Hong Kong-based company engaged in services relating to shipbuilding, ship trading, and chartering for the fleet. It carries its operations in six segments including Coatings, Marine equipment and spare parts, Ship trading agency, Insurance brokerage, Marine fuel and other products, and General trading. The majority of its revenue comes from the sale of Marine equipment and spare parts. The company has a business network in Mainland China, Hong Kong, Singapore, Japan, Germany, and the USA, among other countries.

Executives

China Cosco Shipping Corporation Limited	2201 Interest of corporation controlled by you
China Shipping Group Company Limited	2201 Interest of corporation controlled by you
Cosco Shipping (hong Kong) Co., Limited	2101 Beneficial owner

COSCO SHIPPING International (Hong Kong) Co (HKSE:00517) Headlines

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