The Hongkong and Shanghai Hotels (FRA:HSG) Cash And Cash Equivalents : €103.4 Mil (As of Dec. 2023)

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What is The Hongkong and Shanghai Hotels Cash And Cash Equivalents?

The Hongkong and Shanghai Hotels's quarterly cash and cash equivalents increased from Dec. 2022 (€70.93 Mil) to Jun. 2023 (€73.41 Mil) and increased from Jun. 2023 (€73.41 Mil) to Dec. 2023 (€103.44 Mil).

The Hongkong and Shanghai Hotels's annual cash and cash equivalents increased from Dec. 2021 (€54.36 Mil) to Dec. 2022 (€70.93 Mil) and increased from Dec. 2022 (€70.93 Mil) to Dec. 2023 (€103.44 Mil).

The Hongkong and Shanghai Hotels Cash And Cash Equivalents Historical Data

The historical data trend for The Hongkong and Shanghai Hotels'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.

* Premium members only.

The Hongkong and Shanghai Hotels Cash And Cash Equivalents Chart

The Hongkong and Shanghai Hotels Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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80.38

55.14

54.36

70.93

103.44

The Hongkong and Shanghai Hotels Semi-Annual Data
	Jun14	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															54.36	79.19	70.93	73.41	103.44

The Hongkong and Shanghai Hotels 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.

The Hongkong and Shanghai Hotels (FRA:HSG) 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.

The Hongkong and Shanghai Hotels Cash And Cash Equivalents Related Terms

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The Hongkong and Shanghai Hotels (FRA:HSG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » The Hongkong and Shanghai Hotels Ltd (FRA:HSG) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

HKSHY:USA HKSHF:USA 00045:Hong Kong

Address

2 Ice House Street, 8th Floor, St. George’s Building, Central, Hong Kong, HKG

Website

https://www.hshgroup.com

The Hongkong and Shanghai Hotels Ltd is a hotel owner and operator, domiciled in Hong Kong. The company organises itself into three segments: hotels, commercial properties, and clubs and services. The hotel's segment, which contributes the vast majority of consolidated revenue, includes the company's hotel operations under The Peninsula brand in major cities across the globe, the most significant of which is The Peninsula Hong Kong. The commercial properties segment leases office buildings, residential apartments and retail spaces. Clubs and services operate golf courses, wholesales food, and provides laundry services. Geographically, domestic operations are the most significant contributor to company revenue, followed by Other Asia, and the U.S. and Europe.

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