Mexan (HKSE:00022) Cash And Cash Equivalents : HK$49.9 Mil (As of Sep. 2023)

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What is Mexan Cash And Cash Equivalents?

Mexan's quarterly cash and cash equivalents increased from Sep. 2022 (HK$18.93 Mil) to Mar. 2023 (HK$50.21 Mil) but then stayed the same from Mar. 2023 (HK$50.21 Mil) to Sep. 2023 (HK$49.88 Mil).

Mexan's annual cash and cash equivalents declined from Mar. 2021 (HK$26.76 Mil) to Mar. 2022 (HK$21.38 Mil) but then increased from Mar. 2022 (HK$21.38 Mil) to Mar. 2023 (HK$50.21 Mil).

Mexan Cash And Cash Equivalents Historical Data

The historical data trend for Mexan'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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Mexan Cash And Cash Equivalents Chart

Mexan Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash And Cash Equivalents

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30.24

7.76

26.76

21.38

50.21

Mexan Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial															13.28	21.38	18.93	50.21	49.88

Mexan 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.

Mexan (HKSE:00022) 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.

Mexan Cash And Cash Equivalents Related Terms

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Mexan (HKSE:00022) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Mexan Ltd (HKSE:00022) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Tsing Yi Road, 7th Floor, Winland 800 Hotel, Hotel 2, Rambler Crest, Tsing Yi, New Territories, Hong Kong, HKG

Website

http://www.mexanhk.com

Mexan Ltd is a Hong-Kong based company. It is involved in the lodging business sector. The principal activities of the group include property investment, hotel operation, and investment holding. The company has two reportable segments such as Hotel operation includes letting of hotel rooms to non-contracted sales agents and walk-in customers, food and beverage income, miscellaneous sales, and laundry services income net of discounts and Trading of building materials and fit-out construction service includes supply of furniture and building materials and provisions of the design and fit-out construction service. The firm generates its revenue from hotel operations. Geographically the company operates in Hong Kong.

Executives

Lun Yiu Kay Edwin
Winland Stock (bvi) Limited	2201 Interest of corporation controlled by you
Winland Wealth (bvi) Limited	2101 Beneficial owner

Mexan (HKSE:00022) Headlines

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