Prosper Construction Holdings (HKSE:06816) Cash And Cash Equivalents : HK$129 Mil (As of Dec. 2024)

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What is Prosper Construction Holdings Cash And Cash Equivalents?

Prosper Construction Holdings's quarterly cash and cash equivalents increased from Dec. 2023 (HK$144.95 Mil) to Jun. 2024 (HK$292.45 Mil) but then stayed the same from Jun. 2024 (HK$292.45 Mil) to Dec. 2024 (HK$129.41 Mil).

Prosper Construction Holdings's annual cash and cash equivalents declined from Dec. 2022 (HK$324.46 Mil) to Dec. 2023 (HK$144.95 Mil) and declined from Dec. 2023 (HK$144.95 Mil) to Dec. 2024 (HK$129.41 Mil).

Prosper Construction Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Prosper Construction 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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Prosper Construction Holdings Cash And Cash Equivalents Chart

Prosper Construction Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash And Cash Equivalents

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228.82

291.84

324.46

144.95

129.41

Prosper Construction Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial															324.46	223.77	144.95	292.45	129.41

Prosper Construction 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.

Prosper Construction Holdings (HKSE:06816) 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.

Prosper Construction Holdings Cash And Cash Equivalents Related Terms

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Prosper Construction Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Prosper Construction Holdings Ltd (HKSE:06816) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-8 Harbour Road, Rooms 03-08, 24th Floor, Shui On Centre, Wanchai, Hong Kong, HKG

Website

https://www.prosperch.com

Prosper Construction Holdings Ltd is an investment holding company. It has three operating segments that include marine construction works, auxiliary marine-related services, and general construction contracting services. The majority of its revenue derives from general construction contracting services. Geographically, the company has its operations in Cambodia, Hong Kong, Indonesia, Macau, Mainland China, Pakistan, and Vietnam, with a majority of its revenue coming from Mainland China.

Executives

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West Coast Holdings (hong Kong) Limited	2201 Interest of corporation controlled by you
West Coast Investment (hong Kong) Limited	2201 Interest of corporation controlled by you
Qing Dao Xi Hai An Kong Gu Fa Zhan You Xian Gong Si	2201 Interest of corporation controlled by you
Qing Dao Xi Hai An Fa Zhan Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you

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