Coastal Greenland (HKSE:01124) Cash And Cash Equivalents : HK$2.66 Mil (As of Sep. 2024)

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What is Coastal Greenland Cash And Cash Equivalents?

Coastal Greenland's quarterly cash and cash equivalents declined from Sep. 2023 (HK$13.36 Mil) to Mar. 2024 (HK$9.01 Mil) but then stayed the same from Mar. 2024 (HK$9.01 Mil) to Sep. 2024 (HK$2.66 Mil).

Coastal Greenland's annual cash and cash equivalents declined from Mar. 2022 (HK$251.16 Mil) to Mar. 2023 (HK$156.67 Mil) and declined from Mar. 2023 (HK$156.67 Mil) to Mar. 2024 (HK$9.01 Mil).

Coastal Greenland Cash And Cash Equivalents Historical Data

The historical data trend for Coastal Greenland'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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Coastal Greenland Cash And Cash Equivalents Chart

Coastal Greenland Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash And Cash Equivalents

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79.01

176.29

251.16

156.67

9.01

Coastal Greenland Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial															153.03	156.67	13.36	9.01	2.66

Coastal Greenland 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.

Coastal Greenland (HKSE:01124) 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.

Coastal Greenland Cash And Cash Equivalents Related Terms

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Coastal Greenland Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Coastal Greenland Ltd (HKSE:01124) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

1006 Fuzhong Third Road, 38th Floor, Noble Center, Futian District, Guangdong Province, Shenzhen, CHN

Website

http://www.coastal.com.cn

Coastal Greenland Ltd is an investment holding company principally engaged in the property-related business in the People's republic of China. The company operates through four business segments. The Property Development segment is engaged in the development of properties for sale. The Property Investment segment is engaged in investment in commercial and residential properties. The Project Management segment is engaged in the provision of project management services. The Project Investment Service segment is engaged in the provision of services about the investment in and the sales of property development and land development projects. The majority of the revenue is generated from the property development segment.

Executives

Cai Jingtai	2106 Person having a security interest in shares
Vantum Sp Fund Management Limited	2201 Interest of corporation controlled by you
Vantum Sp Opportunity Limited Partnership Fund	2201 Interest of corporation controlled by you
Salubrious Group Limited	2106 Person having a security interest in shares
Coastal International Holdings Limited	2101 Beneficial owner
Jiang Ming	2201 Interest of corporation controlled by you

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