Xingda International Holdings (HKSE:01899) Cash, Cash Equivalents, Marketable Securities : HK$2,664 Mil (As of Dec. 2023)

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What is Xingda International Holdings Cash, Cash Equivalents, Marketable Securities?

Xingda International Holdings's quarterly cash, cash equivalents, marketable securities increased from Dec. 2022 (HK$1,249.00 Mil) to Jun. 2023 (HK$3,783.52 Mil) but then stayed the same from Jun. 2023 (HK$3,783.52 Mil) to Dec. 2023 (HK$2,663.94 Mil).

Xingda International Holdings's annual cash, cash equivalents, marketable securities declined from Dec. 2021 (HK$3,419.72 Mil) to Dec. 2022 (HK$1,249.00 Mil) but then increased from Dec. 2022 (HK$1,249.00 Mil) to Dec. 2023 (HK$2,663.94 Mil).

Xingda International Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Xingda International 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.

Xingda International Holdings Cash, Cash Equivalents, Marketable Securities Chart

Xingda International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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661.63

1,187.05

3,419.72

1,249.00

2,663.94

Xingda International 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															3,419.72	3,054.22	1,249.00	3,783.52	2,663.94

Xingda International 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.

Xingda International Holdings (HKSE:01899) 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.

Xingda International Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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Xingda International Holdings (HKSE:01899) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Xingda International Holdings Ltd (HKSE:01899) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

XDH:Germany

Address

Yunling Road (East), Lane 599, 6th Floor, No. 20, Putuo District, Shanghai, CHN, 200062

Website

http://www.xingda.com.cn

Xingda International Holdings Ltd is an investment holding company engaged in manufacturing and trading Radial tire cords, Bead wires, and other wires. Its products cover Rubber reinforcement materials and Precision sawing wires, such as Steel cord, Tyre bead wires, and High-pressure hose wire. The company derives key revenue from the sale of Radial tire cords for trucks. The majority of its revenue is earned in the PRC.

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