Fortune Sun (China) Holdings (HKSE:00352) Cash, Cash Equivalents, Marketable Securities : HK$10.40 Mil (As of Dec. 2023)

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What is Fortune Sun (China) Holdings Cash, Cash Equivalents, Marketable Securities?

Fortune Sun (China) Holdings's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (HK$12.55 Mil) to Jun. 2023 (HK$10.48 Mil) but then stayed the same from Jun. 2023 (HK$10.48 Mil) to Dec. 2023 (HK$10.40 Mil).

Fortune Sun (China) Holdings's annual cash, cash equivalents, marketable securities increased from Dec. 2021 (HK$11.84 Mil) to Dec. 2022 (HK$12.55 Mil) but then declined from Dec. 2022 (HK$12.55 Mil) to Dec. 2023 (HK$10.40 Mil).

Fortune Sun (China) Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Fortune Sun (China) Holdings's Cash, Cash Equivalents, Marketable Securities 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.

Fortune Sun (China) Holdings Cash, Cash Equivalents, Marketable Securities Chart

Fortune Sun (China) Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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31.65

19.32

11.84

12.55

10.40

Fortune Sun (China) Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															11.84	9.87	12.55	10.48	10.40

Fortune Sun (China) Holdings Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Fortune Sun (China) Holdings (HKSE:00352) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Fortune Sun (China) Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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Fortune Sun (China) Holdings (HKSE:00352) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Fortune Sun (China) Holdings Ltd (HKSE:00352) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1500 Century Avenue, Unit 901, 9th Floor, Orient Building, Pudong New District, Shanghai, CHN, 200122

Website

http://www.fortune-sun.com

Fortune Sun (China) Holdings Ltd operates as an investment holding company. The firm operates a single business segment which is the provision of property consultancy and sales agency services for the primary property market in China. It specializes in diversified business models, such as real estate leasing, management, administration, sales, development, joint-building, buyout, and underwriting. Its geographical segments are China and Cambodia, of which nearly all of its revenues come from China.

Executives

Double Energy Limited	2101 Beneficial owner
Zhu Kai	2201 Interest of corporation controlled by you
Chang Hsiu Hua	2202 Interest of your spouse
Chiang Chen Feng	2201 Interest of corporation controlled by you
Active Star Investment Limited	2101 Beneficial owner
Lin Chien Ju	2101 Beneficial owner

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