First Service Holding (HKSE:02107) Cash And Cash Equivalents : HK$558 Mil (As of Dec. 2023)

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What is First Service Holding Cash And Cash Equivalents?

First Service Holding's quarterly cash and cash equivalents declined from Dec. 2022 (HK$442.30 Mil) to Jun. 2023 (HK$393.99 Mil) but then increased from Jun. 2023 (HK$393.99 Mil) to Dec. 2023 (HK$557.64 Mil).

First Service Holding's annual cash and cash equivalents declined from Dec. 2021 (HK$607.12 Mil) to Dec. 2022 (HK$442.30 Mil) but then increased from Dec. 2022 (HK$442.30 Mil) to Dec. 2023 (HK$557.64 Mil).

First Service Holding Cash And Cash Equivalents Historical Data

The historical data trend for First Service Holding'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.

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First Service Holding Cash And Cash Equivalents Chart

First Service Holding Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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289.46

870.16

607.12

442.30

557.64

First Service Holding Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial						607.12	598.41	442.30	393.99	557.64

First Service Holding 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.

First Service Holding (HKSE:02107) 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.

First Service Holding Cash And Cash Equivalents Related Terms

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First Service Holding (HKSE:02107) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » First Service Holding Ltd (HKSE:02107) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

No. 1 Xiangheyuan Road, Dongzhimenwai, 3rd Floor, Building 10, Wanguocheng MOMA, Dongcheng District, Beijing, CHN, 100028

Website

https://www.firstservice.hk

First Service Holding Ltd is a provider of property management services and green living solutions that cover the full property life cycle. The company's service portfolio is segregated into three business lines Property management services comprising cleaning, security, gardening and repair and maintenance; Green living solutions comprising energy operation services, green technology consulting services, systems installation services and sales of its AIRDINO systems; and Value-added services comprising parking space management services, communal area leasing services, sales assistance services, home living services, and preliminary planning and design consultancy.

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