Richly Field China Development (HKSE:00313) Cash, Cash Equivalents, Marketable Securities : HK$36.00 Mil (As of Sep. 2023)

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What is Richly Field China Development Cash, Cash Equivalents, Marketable Securities?

Richly Field China Development's quarterly cash, cash equivalents, marketable securities declined from Sep. 2022 (HK$44.58 Mil) to Mar. 2023 (HK$35.08 Mil) but then increased from Mar. 2023 (HK$35.08 Mil) to Sep. 2023 (HK$36.00 Mil).

Richly Field China Development's annual cash, cash equivalents, marketable securities increased from Mar. 2021 (HK$57.30 Mil) to Mar. 2022 (HK$65.98 Mil) but then declined from Mar. 2022 (HK$65.98 Mil) to Mar. 2023 (HK$35.08 Mil).

Richly Field China Development Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Richly Field China Development'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.

Richly Field China Development Cash, Cash Equivalents, Marketable Securities Chart

Richly Field China Development Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash, Cash Equivalents, Marketable Securities

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75.11

27.11

57.30

65.98

35.08

Richly Field China Development Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															52.03	65.98	44.58	35.08	36.00

Richly Field China Development 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.

Richly Field China Development (HKSE:00313) 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.

Richly Field China Development Cash, Cash Equivalents, Marketable Securities Related Terms

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Richly Field China Development (HKSE:00313) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Richly Field China Development Ltd (HKSE:00313) » Definitions » Cash, Cash Equivalents, Marketable Securities

Traded in Other Exchanges

N/A

Address

No. 223 Hing Fong Road, Unit 1504, 15th Floor, Tower 2, Metroplaza, Kwai Chung, New Territories, Hong Kong, HKG

Website

http://www.richlyfieldchinagroup.com

Richly Field China Development Ltd is an investment holding company. The group is principally engaged in outlets commercial operation and development and operation of featured commercial properties (such as tourism property, senior care property and wine chateaus), development of high-end residential properties as well as property management. The group's revenue is derived from its property development and investment projects in Changsha, Hunan Province (Changsha Project), Qinhuangdao of Hebei Province (Qinhuangdao Project) and Ningxia, Yinchuan City (Ningxia Project) in the PRC.

Executives

Galaxy Sharp Investment Holdings Limited	2201 Interest of corporation controlled by you
Sino Dynamics Investments Limited	2201 Interest of corporation controlled by you
Wu Peipei	2201 Interest of corporation controlled by you
Wang Hua	2201 Interest of corporation controlled by you
Zhen Xuan Tou Zi You Xian Gong Si	2101 Beneficial owner
Du Wei	2201 Interest of corporation controlled by you
Quan Li Guo Ji You Xian Gong Si	2201 Interest of corporation controlled by you
Jia Yue You Xian Gong Si	2101 Beneficial owner
Mei De Qi Ye You Xian Gong Si	2201 Interest of corporation controlled by you

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