Sunac Services Holdings (HKSE:01516) Cash And Cash Equivalents : HK$4,353 Mil (As of Dec. 2023)

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What is Sunac Services Holdings Cash And Cash Equivalents?

Sunac Services Holdings's quarterly cash and cash equivalents declined from Dec. 2022 (HK$4,330.92 Mil) to Jun. 2023 (HK$3,416.07 Mil) but then increased from Jun. 2023 (HK$3,416.07 Mil) to Dec. 2023 (HK$4,352.70 Mil).

Sunac Services Holdings's annual cash and cash equivalents declined from Dec. 2021 (HK$6,494.87 Mil) to Dec. 2022 (HK$4,330.92 Mil) but then increased from Dec. 2022 (HK$4,330.92 Mil) to Dec. 2023 (HK$4,352.70 Mil).

Sunac Services Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Sunac Services Holdings'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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Sunac Services Holdings Cash And Cash Equivalents Chart

Sunac Services Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,213.12

11,105.85

6,494.87

4,330.92

4,352.70

Sunac Services Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial							6,494.87	4,590.45	4,330.92	3,416.07	4,352.70

Sunac Services Holdings 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.

Sunac Services Holdings (HKSE:01516) 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.

Sunac Services Holdings Cash And Cash Equivalents Related Terms

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Sunac Services Holdings (HKSE:01516) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sunac Services Holdings Ltd (HKSE:01516) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

SSHLY:USA

Address

Hongqi Road, Block O1A, 25th Floor, Sunac Center, Nankai District, Tianjin, CHN, 300381

Website

http://www.sunacservice.com

Sunac Services Holdings Ltd is engaged in the provision of property management services, value-added services to non-property owners, community living services and commercial operational services in the PRC.

Executives

Sun Hongbin	2307 Founder of a discretionary trust who can infl
Sunac Holdings Llc	2201 Interest of corporation controlled by you
Sunac International Investment Holdings Ltd	2201 Interest of corporation controlled by you
Sunac China Holdings Limited	2201 Interest of corporation controlled by you
Sunac Services Investment Limited	2101 Beneficial owner
Gai Gong Si Wei Sun Hong Bin Xian Sheng Jia Zu Xin Tuo De Shou Tuo Ren	2201 Interest of corporation controlled by you
Sunac Shine (ptc) Limited	2301 Trustee
Morgan Stanley International Holdings Inc.	2201 Interest of corporation controlled by you
Morgan Stanley International Limited	2201 Interest of corporation controlled by you
Morgan Stanley Investments (uk)	2201 Interest of corporation controlled by you
Morgan Stanley & Co. International Plc	2105 Underwriter

Sunac Services Holdings (HKSE:01516) Headlines

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