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Far East Horizon (HKSE:03360) Cash And Cash Equivalents : HK$21,619 Mil (As of Jun. 2024)


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What is Far East Horizon Cash And Cash Equivalents?

Far East Horizon's quarterly cash and cash equivalents declined from Jun. 2023 (HK$23,387.64 Mil) to Dec. 2023 (HK$21,839.06 Mil) but then stayed the same from Dec. 2023 (HK$21,839.06 Mil) to Jun. 2024 (HK$21,619.13 Mil).

Far East Horizon's annual cash and cash equivalents declined from Dec. 2021 (HK$21,686.90 Mil) to Dec. 2022 (HK$20,074.12 Mil) but then increased from Dec. 2022 (HK$20,074.12 Mil) to Dec. 2023 (HK$21,839.06 Mil).


Far East Horizon Cash And Cash Equivalents Historical Data

The historical data trend for Far East Horizon'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.

* Premium members only.

Far East Horizon Cash And Cash Equivalents Chart

Far East Horizon Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash And Cash Equivalents
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,439.40 14,079.66 21,686.90 20,074.12 21,839.06

Far East Horizon Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Cash And Cash Equivalents Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20,666.99 20,074.12 23,387.64 21,839.06 21,619.13

Far East Horizon 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.


Far East Horizon  (HKSE:03360) 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.


Far East Horizon Cash And Cash Equivalents Related Terms

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Far East Horizon Business Description

Traded in Other Exchanges
Address
1 Austin Road West, Unit 6608, 66th Floor, International Commerce Centre, Kowloon, Hong Kong, HKG
Far East Horizon Ltd is a specialty finance provider. Its services entail integrated finance, investment, trade, advisory, and engineering services in healthcare, infrastructure construction, electronic information, packaging, transportation, and other sectors. The company operates in two segments. The Financial, lease and advisory business is the highest revenue-generating segment for the company that deals with the provision of direct finance leasing, sale-leaseback, factoring, entrusted loans, and advisory services. The industrial operation and management business segment deals with the import and export trade and domestic trade of medical equipment, the provision of trade agency services, medical engineering, hospital and healthcare management, and ship brokerage services.
Executives
Ubs Group Ag 2201 Interest of corporation controlled by you
Kong Fanxing 2101 Beneficial owner
Jpmorgan Chase & Co. 2201 Interest of corporation controlled by you
Hsbc Holdings Plc 2201 Interest of corporation controlled by you
Cathay Financial Holding Co., Ltd. 2101 Beneficial owner
Zhong Hua Zi Ben Tou Zi Guan Li Xiang Gang You Xian Gong Si 2101 Beneficial owner
Idea Prosperous Limited 2501 Other
Cantrust (far East) Limited
Gold Stone Enterprise Limited
Wolhardt Julian Juul 2201 Interest of corporation controlled by you
Capital Rise Limited 2101 Beneficial owner
Dcp, Ltd. 2201 Interest of corporation controlled by you
Dcp General Partner, Ltd 2201 Interest of corporation controlled by you
Dcp Capital Partners, L.p. 2201 Interest of corporation controlled by you
Capital Bridge Limited 2201 Interest of corporation controlled by you

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