CR Construction Group Holdings (HKSE:01582) Cash And Cash Equivalents : HK$236 Mil (As of Dec. 2023)

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What is CR Construction Group Holdings Cash And Cash Equivalents?

CR Construction Group Holdings's quarterly cash and cash equivalents declined from Dec. 2022 (HK$158.15 Mil) to Jun. 2023 (HK$87.50 Mil) but then increased from Jun. 2023 (HK$87.50 Mil) to Dec. 2023 (HK$235.97 Mil).

CR Construction Group Holdings's annual cash and cash equivalents increased from Dec. 2021 (HK$69.14 Mil) to Dec. 2022 (HK$158.15 Mil) and increased from Dec. 2022 (HK$158.15 Mil) to Dec. 2023 (HK$235.97 Mil).

CR Construction Group Holdings Cash And Cash Equivalents Historical Data

The historical data trend for CR Construction Group 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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CR Construction Group Holdings Cash And Cash Equivalents Chart

CR Construction Group Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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150.80

121.85

69.14

158.15

235.97

CR Construction Group Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial								69.14	110.43	158.15	87.50	235.97

CR Construction Group 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.

CR Construction Group Holdings (HKSE:01582) 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.

CR Construction Group Holdings Cash And Cash Equivalents Related Terms

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CR Construction Group Holdings (HKSE:01582) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » CR Construction Group Holdings Ltd (HKSE:01582) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

388 Kwun Tong Road, Standard Chartered Tower, Units 3-16, 32rd Floor, Millennium City 1, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.cr-construction.com.hk

CR Construction Group Holdings Ltd is an investment holding company engaged in providing construction services. The company works as a main contractor or subcontractor, primarily in respect of building construction, repair, maintenance and addition, and alteration works. The majority of its revenue comes from Hong Kong.

Executives

Zhe Jiang Sheng Guo You Zi Ben Yun Ying You Xian Gong Si	2201 Interest of corporation controlled by you
Zhe Jiang Sheng Jian She Tou Zi Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
China Zhejiang Construction Group (h.k.) Limited	2201 Interest of corporation controlled by you
Cr Construction Investments Limited	2101 Beneficial owner
Zhejiang Construction Group (h.k) Holdings Limited	2201 Interest of corporation controlled by you
Ning Xing Ji Tuan You Xian Gong Si

CR Construction Group Holdings (HKSE:01582) Headlines

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