Magnus Concordia Group (HKSE:01172) Cash And Cash Equivalents : HK$35.3 Mil (As of Mar. 2024)

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What is Magnus Concordia Group Cash And Cash Equivalents?

Magnus Concordia Group's quarterly cash and cash equivalents increased from Mar. 2023 (HK$37.00 Mil) to Sep. 2023 (HK$42.08 Mil) but then stayed the same from Sep. 2023 (HK$42.08 Mil) to Mar. 2024 (HK$35.31 Mil).

Magnus Concordia Group's annual cash and cash equivalents declined from Mar. 2022 (HK$54.08 Mil) to Mar. 2023 (HK$37.00 Mil) and declined from Mar. 2023 (HK$37.00 Mil) to Mar. 2024 (HK$35.31 Mil).

Magnus Concordia Group Cash And Cash Equivalents Historical Data

The historical data trend for Magnus Concordia Group'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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Magnus Concordia Group Cash And Cash Equivalents Chart

Magnus Concordia Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash And Cash Equivalents

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265.50

149.22

54.08

37.00

35.31

Magnus Concordia Group Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															54.08	31.01	37.00	42.08	35.31

Magnus Concordia Group 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.

Magnus Concordia Group (HKSE:01172) 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.

Magnus Concordia Group Cash And Cash Equivalents Related Terms

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Magnus Concordia Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Magnus Concordia Group Ltd (HKSE:01172) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

139 Hennessy Road, Units D & E, 20 Floor, China Overseas Building, Wanchai, Hong Kong, HKG

Website

https://www.mcgrouphk.com

Magnus Concordia Group Ltd is an investment holding company. The company's business divisions are Printing business, Property investment, Property Development, and Treasury where the printing business division includes the manufacture and sale of printed products including art books, packaging boxes, and children's books. property investment segment covers the investment and leasing of real estate properties, the Property development segment covers the development, sale, and trading of real estate properties, and the Treasury business involves the investment and trading of debts, equity, and other treasury instruments. The company earns its maximum revenue from property development and has a presence in Hong Kong, the United States, the UK, France, Mainland China, and other countries.

Executives

Sfund International Investment Fund Management Limited	2201 Interest of corporation controlled by you
Guang Zhou Ke Ji Jin Rong Chuang Xin Tou Zi Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Guang Zhou Chan Ye Tou Zi Ji Jin Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Guang Zhou Hui Yin Tian Yue Gu Quan Tou Zi Ji Jin Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Guang Zhou Shi Cheng Shi Jian She Tou Zi Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhang Jing	2201 Interest of corporation controlled by you
Zeng Dazhang	2201 Interest of corporation controlled by you
Xinsheng International Holding Limited	2201 Interest of corporation controlled by you
Wang Xiqiang	2201 Interest of corporation controlled by you
Shining Orient Investment Limited	2201 Interest of corporation controlled by you
Ally Cosmo Group Limited	2201 Interest of corporation controlled by you
Qingda Developments Limited	2101 Beneficial owner
Pioneer Fund Limited Partnership	2201 Interest of corporation controlled by you
New Element Investments Limited	2201 Interest of corporation controlled by you
Li Li	2201 Interest of corporation controlled by you

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