Central New Energy Holding Group (HKSE:01735) Cash, Cash Equivalents, Marketable Securities : HK$137 Mil (As of Dec. 2023)

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What is Central New Energy Holding Group Cash, Cash Equivalents, Marketable Securities?

Central New Energy Holding Group's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (HK$614.79 Mil) to Jun. 2023 (HK$382.95 Mil) but then stayed the same from Jun. 2023 (HK$382.95 Mil) to Dec. 2023 (HK$137.38 Mil).

Central New Energy Holding Group's annual cash, cash equivalents, marketable securities increased from Dec. 2021 (HK$50.37 Mil) to Dec. 2022 (HK$614.79 Mil) but then declined from Dec. 2022 (HK$614.79 Mil) to Dec. 2023 (HK$137.38 Mil).

Central New Energy Holding Group Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Central New Energy Holding Group'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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Central New Energy Holding Group Cash, Cash Equivalents, Marketable Securities Chart

Central New Energy Holding Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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62.63

114.46

50.37

614.79

137.38

Central New Energy Holding Group Semi-Annual Data
	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial											50.37	62.53	614.79	382.95	137.38

Central New Energy Holding Group 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.

Central New Energy Holding Group (HKSE:01735) 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.

Central New Energy Holding Group Cash, Cash Equivalents, Marketable Securities Related Terms

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Central New Energy Holding Group (HKSE:01735) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Central New Energy Holding Group Ltd (HKSE:01735) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

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Address

191 Java Road, 21th Floor, Unit 2102–03, 10–12, Central K.Wah Centre, North Point, Hong Kong, HKG

Website

http://www.chghk.com

Central New Energy Holding Group Ltd, formerly Central Holding Group Co Ltd is an investment holding company. The company's operating segment includes Building works and construction-related business, superstructure building works, and construction materials supplies; which provide piling works, excavation and lateral support works, and pile cap construction and building works in relation to the parts of the structure above the ground level and supplying of construction materials; Property development and investment; Property management; F&B supply chain; Health and wellness; New energy and EPC; and Smart logistic and information system. The company's geographical segments include Hong Kong and China, of which China accounts for the majority of its revenue.

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