Cosco Shipping Development Co (HKSE:02866) Cash And Cash Equivalents : HK$11,900 Mil (As of Sep. 2024)

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What is Cosco Shipping Development Co Cash And Cash Equivalents?

Cosco Shipping Development Co's quarterly cash and cash equivalents declined from Mar. 2024 (HK$13,379.60 Mil) to Jun. 2024 (HK$9,701.69 Mil) but then increased from Jun. 2024 (HK$9,701.69 Mil) to Sep. 2024 (HK$11,899.97 Mil).

Cosco Shipping Development Co's annual cash and cash equivalents declined from Dec. 2021 (HK$22,064.36 Mil) to Dec. 2022 (HK$17,377.20 Mil) and declined from Dec. 2022 (HK$17,377.20 Mil) to Dec. 2023 (HK$14,248.18 Mil).

Cosco Shipping Development Co Cash And Cash Equivalents Historical Data

The historical data trend for Cosco Shipping Development Co'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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Cosco Shipping Development Co Cash And Cash Equivalents Chart

Cosco Shipping Development Co Annual Data

Trend

Dec14

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Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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11,301.45

15,860.81

22,064.36

17,377.20

14,248.18

Cosco Shipping Development Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial															10,587.69	14,248.18	13,379.60	9,701.69	11,899.97

Cosco Shipping Development Co 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.

Cosco Shipping Development Co (HKSE:02866) 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.

Cosco Shipping Development Co Cash And Cash Equivalents Related Terms

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Cosco Shipping Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Cosco Shipping Development Co Ltd (HKSE:02866) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

CITAF:USA EZ5:Germany 601866:China

Address

5299 Binjiang Dadao, Pudong New Area, Shanghai, CHN, 200127

Website

https://en.development.coscoshipping.com

COSCO SHIPPING Development Co Ltd is a China-based company operating and managing container shipping. Its services include container transportation, vessel chartering, cargo canvassing and booking, customs clearance, depot services, container construction, sales, purchase, and vessel management. The operating business segments are the Shipping and industry-related leasing segment, which renders vessel chartering, container leasing, and finance lease services; the Container manufacturing segment, which manufactures and sells containers; the Investment management business segment, which focuses on equity or debt investment and insurance brokerage services.

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