Minmetals Land (HKSE:00230) Cash And Cash Equivalents : HK$3,411 Mil (As of Dec. 2023)

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What is Minmetals Land Cash And Cash Equivalents?

Minmetals Land's quarterly cash and cash equivalents declined from Dec. 2022 (HK$7,701.36 Mil) to Jun. 2023 (HK$7,033.57 Mil) but then stayed the same from Jun. 2023 (HK$7,033.57 Mil) to Dec. 2023 (HK$3,410.74 Mil).

Minmetals Land's annual cash and cash equivalents declined from Dec. 2021 (HK$10,956.13 Mil) to Dec. 2022 (HK$7,701.36 Mil) and declined from Dec. 2022 (HK$7,701.36 Mil) to Dec. 2023 (HK$3,410.74 Mil).

Minmetals Land Cash And Cash Equivalents Historical Data

The historical data trend for Minmetals Land'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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Minmetals Land Cash And Cash Equivalents Chart

Minmetals Land Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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3,850.10

8,238.52

10,956.13

7,701.36

3,410.74

Minmetals Land 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															10,956.13	8,517.58	7,701.36	7,033.57	3,410.74

Minmetals Land 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.

Minmetals Land (HKSE:00230) 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.

Minmetals Land Cash And Cash Equivalents Related Terms

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Minmetals Land (HKSE:00230) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Minmetals Land Ltd (HKSE:00230) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

ONF:Germany

Address

79 Chatham Road South, 18th Floor, China Minmetals Tower, Tsimshatsui, Kowloon, Hong Kong, HKG

Website

https://www.minmetalsland.com

Minmetals Land Ltd is a Hong Kong-based investment holding company. It is principally engaged in real estate development, specialised construction, property investment, and securities investment. The firm has four operating segments which are Real estate development, Specialised construction, Property investment, and Securities investment. Its real estate development business, which is the key revenue-generating segment, covers the development and sales of residential and commercial properties. The group operates in Hong Kong and Mainland China, of which a majority of revenue is derived from Mainland China.

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