CITIC Resources Holdings (HKSE:01205) Cash, Cash Equivalents, Marketable Securities : HK$1,484 Mil (As of Dec. 2023)

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What is CITIC Resources Holdings Cash, Cash Equivalents, Marketable Securities?

CITIC Resources Holdings's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (HK$2,130.20 Mil) to Jun. 2023 (HK$1,632.47 Mil) but then stayed the same from Jun. 2023 (HK$1,632.47 Mil) to Dec. 2023 (HK$1,483.82 Mil).

CITIC Resources Holdings's annual cash, cash equivalents, marketable securities increased from Dec. 2021 (HK$1,925.57 Mil) to Dec. 2022 (HK$2,130.20 Mil) but then declined from Dec. 2022 (HK$2,130.20 Mil) to Dec. 2023 (HK$1,483.82 Mil).

CITIC Resources Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for CITIC Resources Holdings'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.

CITIC Resources Holdings Cash, Cash Equivalents, Marketable Securities Chart

CITIC Resources Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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1,595.43

2,314.29

1,925.57

2,130.20

1,483.82

CITIC Resources Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															1,925.57	2,486.13	2,130.20	1,632.47	1,483.82

CITIC Resources Holdings 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.

CITIC Resources Holdings (HKSE:01205) 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.

CITIC Resources Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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CITIC Resources Holdings (HKSE:01205) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » CITIC Resources Holdings Ltd (HKSE:01205) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

CTJHY:USA CTJHF:USA CZR:Germany

Address

1 Austin Road West, International Commerce Centre, Suites 6701-02 & 08B, 67th Floor, Kowloon, Hong Kong, HKG

Website

http://www.resources.citic

CITIC Resources Holdings Ltd is a provider of strategic natural resources and key commodities. Its activities are the export of commodity products including aluminum ingots, coal, iron ore, alumina, and copper; and the import of other commodity products and manufactured goods including steel, vehicle, and industrial batteries. It has four operating segments; the aluminum smelting segment comprises the operation of the PAS which sources alumina and produces aluminum ingots, the coal segment comprises the operation of coal mines and the sale of coal, the import and export of commodities segment comprises the import of other commodity products and manufactured goods such as steel, and the crude oil segment comprises the operation of oilfields and the sale of crude oil.

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