China Best Group Holding (HKSE:00370) Cash, Cash Equivalents, Marketable Securities : HK$104.1 Mil (As of Sep. 2023)

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What is China Best Group Holding Cash, Cash Equivalents, Marketable Securities?

China Best Group Holding's quarterly cash, cash equivalents, marketable securities declined from Sep. 2022 (HK$65.70 Mil) to Mar. 2023 (HK$50.13 Mil) but then increased from Mar. 2023 (HK$50.13 Mil) to Sep. 2023 (HK$104.09 Mil).

China Best Group Holding's annual cash, cash equivalents, marketable securities declined from Dec. 2019 (HK$98.74 Mil) to Mar. 2022 (HK$46.05 Mil) but then increased from Mar. 2022 (HK$46.05 Mil) to Mar. 2023 (HK$50.13 Mil).

China Best Group Holding Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for China Best Group Holding'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.

China Best Group Holding Cash, Cash Equivalents, Marketable Securities Chart

China Best Group Holding Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Mar22

Mar23

Cash, Cash Equivalents, Marketable Securities

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189.66

277.77

98.74

46.05

50.13

China Best Group Holding Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Sep21	Mar22	Sep22	Mar23	Sep23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															69.16	46.05	65.70	50.13	104.09

China Best Group Holding 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.

China Best Group Holding (HKSE:00370) 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.

China Best Group Holding Cash, Cash Equivalents, Marketable Securities Related Terms

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China Best Group Holding (HKSE:00370) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China Best Group Holding Ltd (HKSE:00370) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

EFO3:Germany

Address

The Gateway, Harbour City, Suite 1901-2 & 14, 19th Floor, Tower 6, Kowloon, Hong Kong, HKG

Website

http://www.cbgroup.com.hk

China Best Group Holding Ltd is a China-based company having various business segments. Trading of goods including radio systems and electronic appliances which is the key revenue driver; Finance leasing of plant and machinery; Money lending; Securities and futures brokerage segment engages in securities and futures dealing services in Hong Kong; International air and sea freight forwarding and logistic services to customers in Singapore and the USA; Securities trading of equity securities and dividend income from held for trading investments; Property investment for rental income and capital appreciation in PRC; Building architecture and interior design services; Property brokerage and agency service,Geothermal energy, Customised technical support segment and Centralised heating segment.

Executives

Ping Pacific Limited	2101 Beneficial owner
Yeung Yat Ping	2101 Beneficial owner
South Leader Limited	2101 Beneficial owner
Li Meng Zhe	2101 Beneficial owner
Max Kensho Capital Group Limited	2101 Beneficial owner
Sunbow Int'l Enterprise Limited	2101 Beneficial owner
Wang Baoning	2101 Beneficial owner
Li Meng Zhe	2201 Interest of corporation controlled by you
Wang Yicheng	2201 Interest of corporation controlled by you

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