Hengtai Securities Co (HKSE:01476) Cash And Cash Equivalents : HK$2,006 Mil (As of Dec. 2023)

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What is Hengtai Securities Co Cash And Cash Equivalents?

Hengtai Securities Co's quarterly cash and cash equivalents increased from Dec. 2022 (HK$2,008.30 Mil) to Jun. 2023 (HK$2,285.60 Mil) but then stayed the same from Jun. 2023 (HK$2,285.60 Mil) to Dec. 2023 (HK$2,005.65 Mil).

Hengtai Securities Co's annual cash and cash equivalents increased from Dec. 2021 (HK$1,847.95 Mil) to Dec. 2022 (HK$2,008.30 Mil) but then declined from Dec. 2022 (HK$2,008.30 Mil) to Dec. 2023 (HK$2,005.65 Mil).

Hengtai Securities Co Cash And Cash Equivalents Historical Data

The historical data trend for Hengtai Securities Co's Cash And Cash Equivalents 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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Hengtai Securities Co Cash And Cash Equivalents Chart

Hengtai Securities Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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2,346.76

2,031.56

1,847.95

2,008.30

2,005.65

Hengtai Securities Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial														1,847.95	2,494.23	2,008.30	2,285.60	2,005.65

Hengtai Securities Co Cash And Cash Equivalents 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.

Hengtai Securities Co (HKSE:01476) Cash And Cash Equivalents Explanation

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.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Hengtai Securities Co Cash And Cash Equivalents Related Terms

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Hengtai Securities Co (HKSE:01476) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Hengtai Securities Co Ltd (HKSE:01476) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

No. 17 Finance Street, 11th Floor, China Life Centre, Xicheng District, Beijing, CHN, 100033

Website

https://www.cnht.com.cn

Hengtai Securities Co Ltd offers financial products and services to individuals, corporations, financial institutions, and government entities. The company's operating segment includes Brokerage and wealth management; Investment banking; Proprietary trading; Investment management and Others. It generates maximum revenue from the Brokerage and wealth management segment. Brokerage and wealth management segment engaged in the trading of stocks, funds, bonds and futures on behalf of the clients, and also providing investment and financing solutions to high end, professional and institutional clients. In addition, the sale of financial products, margin financing, and securities lending.

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