SOCAM Development (HKSE:00983) Cash And Cash Equivalents : HK$653 Mil (As of Dec. 2023)

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What is SOCAM Development Cash And Cash Equivalents?

SOCAM Development's quarterly cash and cash equivalents declined from Dec. 2022 (HK$1,086.00 Mil) to Jun. 2023 (HK$669.00 Mil) but then stayed the same from Jun. 2023 (HK$669.00 Mil) to Dec. 2023 (HK$653.00 Mil).

SOCAM Development's annual cash and cash equivalents declined from Dec. 2021 (HK$1,127.00 Mil) to Dec. 2022 (HK$1,086.00 Mil) and declined from Dec. 2022 (HK$1,086.00 Mil) to Dec. 2023 (HK$653.00 Mil).

SOCAM Development Cash And Cash Equivalents Historical Data

The historical data trend for SOCAM Development'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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SOCAM Development Cash And Cash Equivalents Chart

SOCAM Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,354.00

1,101.00

1,127.00

1,086.00

653.00

SOCAM Development 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															1,127.00	1,340.00	1,086.00	669.00	653.00

SOCAM Development 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.

SOCAM Development (HKSE:00983) 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.

SOCAM Development Cash And Cash Equivalents Related Terms

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SOCAM Development (HKSE:00983) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » SOCAM Development Ltd (HKSE:00983) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

6-8 Harbour Road, 34th Floor, Shui On Centre, Hong Kong, HKG

Website

https://www.socam.com

SOCAM Development Ltd is an investment holding company. The company along with its subsidiaries is principally engaged in property segment which includes Property development and construction and maintenance segment includes contracting ,renovation and fitting out, smart facilities management and Other businesses segment includes venture capital investment and others. The group's majority of the revenue comes from Construction and maintenance segment in which Hongkong is the major contributor when it comes to revenue.

Executives

Lo Hong Sui	2307 Founder of a discretionary trust who can infl
Lo Bo Yue, Stephanie	2501 Other
Bosrich Holdings (ptc) Inc.	2301 Trustee
Hsbc International Trustee Limited	2301 Trustee
Shui On Company Limited	2101 Beneficial owner
Chu Loletta	2202 Interest of your spouse
Right Ying Holdings Limited	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
Sun Yinhuan	2307 Founder of a discretionary trust who can infl

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