Financial Street Property Co (HKSE:01502) Cash And Cash Equivalents : HK$1,502 Mil (As of Jun. 2023)

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What is Financial Street Property Co Cash And Cash Equivalents?

Financial Street Property Co's quarterly cash and cash equivalents increased from Jun. 2022 (HK$1,596.20 Mil) to Dec. 2022 (HK$1,612.48 Mil) but then stayed the same from Dec. 2022 (HK$1,612.48 Mil) to Jun. 2023 (HK$1,501.54 Mil).

Financial Street Property Co's annual cash and cash equivalents increased from Dec. 2020 (HK$1,659.02 Mil) to Dec. 2021 (HK$1,711.33 Mil) but then declined from Dec. 2021 (HK$1,711.33 Mil) to Dec. 2022 (HK$1,612.48 Mil).

Financial Street Property Co Cash And Cash Equivalents Historical Data

The historical data trend for Financial Street Property 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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Financial Street Property Co Cash And Cash Equivalents Chart

Financial Street Property Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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763.30

1,659.02

1,711.33

1,612.48

1,439.63

Financial Street Property Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial							1,711.33	1,596.20	1,612.48	1,501.54	1,439.63

Financial Street Property 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.

Financial Street Property Co (HKSE:01502) 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.

Financial Street Property Co Cash And Cash Equivalents Related Terms

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Financial Street Property Co (HKSE:01502) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Financial Street Property Co Ltd (HKSE:01502) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

1 Xizhimenwai Avenue, 24th Floor, Xihuan Plaza Tower 2, Xicheng District, Beijing, CHN, 100044

Website

http://www.jrjlife.com

Financial Street Property Co Ltd is a property management company in China. The company provides comprehensive property management and related services, including customer services, security services, cleaning and gardening services, engineering, repair and maintenance services, car park management services, and other related services, to its customers including property developers, property owners, owners' associations, tenants and residents. It provides services to commercial and business properties, including office buildings, complexes, retail buildings, and hotels; and Non-commercial properties, including residential properties, public properties, hospitals, educational properties, and others.

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