Country Garden Services Holdings Co (FRA:75H) Cash And Cash Equivalents : €1,535 Mil (As of Jun. 2024)

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What is Country Garden Services Holdings Co Cash And Cash Equivalents?

Country Garden Services Holdings Co's quarterly cash and cash equivalents increased from Jun. 2023 (€1,638.44 Mil) to Dec. 2023 (€1,661.76 Mil) but then stayed the same from Dec. 2023 (€1,661.76 Mil) to Jun. 2024 (€1,534.80 Mil).

Country Garden Services Holdings Co's annual cash and cash equivalents declined from Dec. 2021 (€1,633.46 Mil) to Dec. 2022 (€1,540.47 Mil) but then increased from Dec. 2022 (€1,540.47 Mil) to Dec. 2023 (€1,661.76 Mil).

Country Garden Services Holdings Co Cash And Cash Equivalents Historical Data

The historical data trend for Country Garden Services Holdings 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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Country Garden Services Holdings Co Cash And Cash Equivalents Chart

Country Garden Services Holdings Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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888.75

1,928.45

1,633.46

1,540.47

1,661.76

Country Garden Services Holdings Co Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash And Cash Equivalents	Get a 7-Day Free Trial												1,270.34	1,540.47	1,638.44	1,661.76	1,534.80

Country Garden Services Holdings 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.

Country Garden Services Holdings Co (FRA:75H) 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.

Country Garden Services Holdings Co Cash And Cash Equivalents Related Terms

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Country Garden Services Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Country Garden Services Holdings Co Ltd (FRA:75H) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

CGSHY:USA 06098:Hong Kong

Address

West Building of Country Garden Office, Beijiao Town, Shunde District, Guangdong Province, Foshan, CHN, 528312

Website

http://www.bgyfw.com

Country Garden Services was listed on the Hong Kong Stock Exchange in June 2018 as a spinoff via introduction by sister developer Country Garden Holdings. As of June 2022, Yang Huiyan, chairperson of CGH, was also the largest shareholder of CGS with 43% ownership. CGS was among the top residential property management firms in China in terms of revenue and gross floor area under management for 2023. This is mainly ascribed to scalable projects contributed by CGH and rising acquisitions of third-party property management peers. In addition, CGS provides value-added services to developers and homeowners, and city services on public space sanitation and greening.

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