Grace Life tech Holdings (HKSE:02112) Cash, Cash Equivalents, Marketable Securities : HK$1.0 Mil (As of Dec. 2023)

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What is Grace Life tech Holdings Cash, Cash Equivalents, Marketable Securities?

Grace Life tech Holdings's quarterly cash, cash equivalents, marketable securities increased from Dec. 2022 (HK$1.43 Mil) to Jun. 2023 (HK$5.51 Mil) but then stayed the same from Jun. 2023 (HK$5.51 Mil) to Dec. 2023 (HK$1.02 Mil).

Grace Life tech Holdings's annual cash, cash equivalents, marketable securities declined from Dec. 2021 (HK$9.29 Mil) to Dec. 2022 (HK$1.43 Mil) and declined from Dec. 2022 (HK$1.43 Mil) to Dec. 2023 (HK$1.02 Mil).

Grace Life tech Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Grace Life tech 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.

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Grace Life tech Holdings Cash, Cash Equivalents, Marketable Securities Chart

Grace Life tech Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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0.80

0.79

9.29

1.43

1.02

Grace Life tech 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															9.29	2.15	1.43	5.51	1.02

Grace Life tech 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.

Grace Life tech Holdings (HKSE:02112) 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.

Grace Life tech Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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Grace Life tech Holdings (HKSE:02112) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Grace Life tech Holdings Ltd (HKSE:02112) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 22, D&E, Level 22, Menara Zenith, MSC Kuantan, Putra Square, Kuantan, PHG, MYS, 25200

Website

http://www.caa-resources.com

Grace Life tech Holdings Ltd is engaged in iron ore exploration, mining, crushing, and beneficiation as well as the sale of iron ore products in the form of iron ore concentrates and iron ore fines. The company's segments are the Iron ore mining and processing operation segment, Commercial trade segment, Financing operation segment, Health product trade segment, and other segments. The majority of the company's revenue is derived from the Health product trade segment which includes the trading of health products. Geographically it derives revenue from Hong Kong.

Executives

Haitong International Holdings Limited	2201 Interest of corporation controlled by you
Haitong International Securities Group Limited	2201 Interest of corporation controlled by you
Haitong Securities Co., Ltd.	2201 Interest of corporation controlled by you
Haitong International Finance Company Limited	2101 Beneficial owner
Si Chuan Sheng Chuan Jiu Ji Tuan Guo Ji Mao Yi You Xian Gong Si	2101 Beneficial owner
Ng Khing Yeu	2101 Beneficial owner
En Dian Shi Dai Ji Tuan You Xian Gong Si	2101 Beneficial owner
Cosmo Field Holdings Limited	2101 Beneficial owner
Li Yang	2201 Interest of corporation controlled by you
Hua Rong Hua Qiao Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Li Yang	2201 Interest of corporation controlled by you
Ample Professional Limited	2106 Person having a security interest in shares
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Haitong International Financial Products (singapore) Pte. Ltd.	2106 Person having a security interest in shares
Haitong International Securities Group (singapore) Pte. Ltd.	2201 Interest of corporation controlled by you

Grace Life tech Holdings (HKSE:02112) Headlines

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