Canggang Railway (HKSE:02169) Cash, Cash Equivalents, Marketable Securities : HK$122.9 Mil (As of Dec. 2023)

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What is Canggang Railway Cash, Cash Equivalents, Marketable Securities?

Canggang Railway's quarterly cash, cash equivalents, marketable securities increased from Dec. 2022 (HK$216.42 Mil) to Jun. 2023 (HK$221.93 Mil) but then stayed the same from Jun. 2023 (HK$221.93 Mil) to Dec. 2023 (HK$122.93 Mil).

Canggang Railway's annual cash, cash equivalents, marketable securities increased from Dec. 2021 (HK$196.89 Mil) to Dec. 2022 (HK$216.42 Mil) but then declined from Dec. 2022 (HK$216.42 Mil) to Dec. 2023 (HK$122.93 Mil).

Canggang Railway Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Canggang Railway'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.

Canggang Railway Cash, Cash Equivalents, Marketable Securities Chart

Canggang Railway Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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37.68

269.26

196.89

216.42

122.93

Canggang Railway Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial						196.89	217.17	216.42	221.93	122.93

Canggang Railway 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.

Canggang Railway (HKSE:02169) 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.

Canggang Railway Cash, Cash Equivalents, Marketable Securities Related Terms

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Canggang Railway (HKSE:02169) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Canggang Railway Ltd (HKSE:02169) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

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Address

Yangzhuang Station, Yangerzhuang Town, Huanghua, Hebei Province, Cangzhou, CHN

Website

https://www.czcgtl.com

Canggang Railway Ltd is a local railway operator based in Hebei Province. The company operates in two segments, rail freight transportation services, and other ancillary services, including loading and unloading, road freight transportation, construction, repair and maintenance of Special Service Lines, railway roadbed and other railway facility construction, and certain other businesses. It operates one railway, the Canggang Railway Line, which connects the Shuo-Huang Railway Line and the Han-Huang Railway Line with the Bohai New Area in Cangzhou. Its railway line also connects the Beijing-Shanghai Railway Line. The company earns its revenue from rail freight transportation services.

Executives

Zhong Guo Ren Shou Zi Chan Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Ren Shou Bao Xian Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Ren Shou Bao Xian Ji Tuan Gong Si	2201 Interest of corporation controlled by you
Guo Shou An Bao Ji Jin Guan Li You Xian Gong Si	2501 Other
Guo Shou An Bao Hai Wai Hao Dan Yi Zi Chan Guan Li Ji Hua	2501 Other
Zhang Lijie	2201 Interest of corporation controlled by you
Zhang Lihuan	2201 Interest of corporation controlled by you
Zhang Ning	2201 Interest of corporation controlled by you
Zhang Ruiqiu	2201 Interest of corporation controlled by you
Zhang Weiwei	2202 Interest of your spouse
Zhang Xiaogeng	2201 Interest of corporation controlled by you
Zhang Xiaosuo	2201 Interest of corporation controlled by you
Zhang Xiaoxia	2202 Interest of your spouse
Zhang Yanfeng	2201 Interest of corporation controlled by you
Zhou Qiuju	2202 Interest of your spouse

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