Chu Kong Shipping Enterprises (Group) Co (HKSE:00560) Cash And Cash Equivalents : HK$964 Mil (As of Jun. 2024)

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What is Chu Kong Shipping Enterprises (Group) Co Cash And Cash Equivalents?

Chu Kong Shipping Enterprises (Group) Co's quarterly cash and cash equivalents declined from Jun. 2023 (HK$1,053.08 Mil) to Dec. 2023 (HK$1,038.84 Mil) but then stayed the same from Dec. 2023 (HK$1,038.84 Mil) to Jun. 2024 (HK$963.98 Mil).

Chu Kong Shipping Enterprises (Group) Co's annual cash and cash equivalents increased from Dec. 2021 (HK$1,045.09 Mil) to Dec. 2022 (HK$1,063.57 Mil) but then declined from Dec. 2022 (HK$1,063.57 Mil) to Dec. 2023 (HK$1,038.84 Mil).

Chu Kong Shipping Enterprises (Group) Co Cash And Cash Equivalents Historical Data

The historical data trend for Chu Kong Shipping Enterprises (Group) 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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Chu Kong Shipping Enterprises (Group) Co Cash And Cash Equivalents Chart

Chu Kong Shipping Enterprises (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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869.27

726.06

1,045.09

1,063.57

1,038.84

Chu Kong Shipping Enterprises (Group) Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	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															1,038.26	1,063.57	1,053.08	1,038.84	963.98

Chu Kong Shipping Enterprises (Group) 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.

Chu Kong Shipping Enterprises (Group) Co (HKSE:00560) 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.

Chu Kong Shipping Enterprises (Group) Co Cash And Cash Equivalents Related Terms

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Chu Kong Shipping Enterprises (Group) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Chu Kong Shipping Enterprises (Group) Co Ltd (HKSE:00560) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

143 Connaught Road, 24th Floor, Chu Kong Shipping Tower, Central, Hong Kong, HKG

Website

https://www.cksd.com

Chu Kong Shipping Enterprises (Group) Co Ltd is an investment holding company, focusing mainly on terminal navigation logistics, high-speed waterway passenger transportation, and fuel supply business. The operating segments of the group are Cargo transportation; Cargo handling and storage; Passenger transportation; Fuel supply; and Corporate and other businesses. It derives key revenue from the Cargo transportation segment which consists of shipping agency, river trade cargo direct shipment and transhipment and container handling and trucking. The group's revenue is derived from operations carried out in Mainland China and Hong Kong.

Executives

Chu Kong Shipping Enterprises (holdings) Company Limited	2101 Beneficial owner
Guangdong Provincial Port & Shipping Group Company Limited	2201 Interest of corporation controlled by you
Chu Kong Shipping Enterprises (holdings) Company Limited	2101 Beneficial owner
Guang Dong Province Navigation Group Co., Ltd	2101 Beneficial owner

Chu Kong Shipping Enterprises (Group) Co Headlines

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