CNT Group (HKSE:00701) Cash And Cash Equivalents : HK$260.4 Mil (As of Dec. 2023)

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What is CNT Group Cash And Cash Equivalents?

CNT Group's quarterly cash and cash equivalents declined from Dec. 2022 (HK$386.87 Mil) to Jun. 2023 (HK$320.98 Mil) but then stayed the same from Jun. 2023 (HK$320.98 Mil) to Dec. 2023 (HK$260.39 Mil).

CNT Group's annual cash and cash equivalents declined from Dec. 2021 (HK$455.17 Mil) to Dec. 2022 (HK$386.87 Mil) and declined from Dec. 2022 (HK$386.87 Mil) to Dec. 2023 (HK$260.39 Mil).

CNT Group Cash And Cash Equivalents Historical Data

The historical data trend for CNT Group'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.

CNT Group Cash And Cash Equivalents Chart

CNT Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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465.37

502.12

455.17

386.87

260.39

CNT Group 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															455.17	338.44	386.87	320.98	260.39

CNT Group 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.

CNT Group (HKSE:00701) 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.

CNT Group Cash And Cash Equivalents Related Terms

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CNT Group (HKSE:00701) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » CNT Group Ltd (HKSE:00701) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

338 Hennessy Road, 28th Floor, Unit E, CNT Tower, Wanchai, Hong Kong, HKG

Website

https://www.cntgroup.com.hk

CNT Group Ltd is principally engaged in the manufacture and sale of paint products, property investment, iron and steel trading, and investment holding activities. The company operates through the business segments are, The Paint products segment engages in the manufacture and sale of paint products. The Property investment segment comprises the investment in residential, commercial and industrial premises for their rental income potential and development and sale of properties. The Iron and steel trading segment comprises the trading of iron and steel products and related investments. The Hotel business segment, and the other segment comprises, principally, investment holding and securities trading. Majority of the company's revenue comes from the Paint products segment in Mainland China.

Executives

Prime Surplus Limited	2101 Beneficial owner
Ho Mei Po, Mabel	2202 Interest of your spouse
Tsui Ho Chuen, Philip	2201 Interest of corporation controlled by you
Polygold Holdings Limited	2201 Interest of corporation controlled by you
Rapid Growth Ltd.	2301 Trustee
Xie Jian Ming	2201 Interest of corporation controlled by you

CNT Group (HKSE:00701) Headlines

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