Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co (HKSE:01379) Cash, Cash Equivalents, Marketable Securities : HK$81.4 Mil (As of Dec. 2023)

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What is Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co Cash, Cash Equivalents, Marketable Securities?

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (HK$81.33 Mil) to Jun. 2023 (HK$41.50 Mil) but then increased from Jun. 2023 (HK$41.50 Mil) to Dec. 2023 (HK$81.42 Mil).

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co's annual cash, cash equivalents, marketable securities declined from Dec. 2021 (HK$96.41 Mil) to Dec. 2022 (HK$81.33 Mil) but then increased from Dec. 2022 (HK$81.33 Mil) to Dec. 2023 (HK$81.42 Mil).

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co'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.

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co Cash, Cash Equivalents, Marketable Securities Chart

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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39.36

101.22

96.41

81.33

81.42

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co Semi-Annual Data
	Dec15	Dec16	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial								96.41	81.06	81.33	41.50	81.42

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co 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.

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co (HKSE:01379) 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.

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co Cash, Cash Equivalents, Marketable Securities Related Terms

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Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co (HKSE:01379) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co Ltd (HKSE:01379) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qianyangxia Village, Wenqiao Town, Zhejiang Province, Wenling, CHN

Website

https://www.cnglj.com

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co Ltd is engaged in an established measuring and cutting tools trading centre operator in China. The principal activity and source of revenue of the group were primarily derived from the property leasing business through the operation of the Trading Centre for the measuring and cutting tools industry. The group also engages in real estate investment, development and management business through its material subsidiary, Wenling Sunrise Real Estate Development Co., Ltd.

Executives

Jia Xing Yuan Tai Gu Quan Tou Zi He Huo Qi Ye You Xian He Huo	2101 Beneficial owner
Xiang Gang Lei Gen Tou Zi Zhong Xin You Xian Gong Si	2101 Beneficial owner
Zhe Jiang Qian Jiang Mo Tuo Gu Fen You Xian Gong Si	2101 Beneficial owner
Wan Bang De Hang Zhou Tou Zi Guan Li You Xian Gong Si	2101 Beneficial owner
Zhe Jiang Zhong Ma Chuan Dong Gu Fen You Xian Gong Si	2101 Beneficial owner
Xin Jie Beng Ye Zhe Jiang You Xian Gong Si	2201 Interest of corporation controlled by you
Xin Jie Beng Ye Xiang Gang You Xian Gong Si	2101 Beneficial owner
Wen Ling Long Xi Qi Ye Guan Li Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you
Han Yi	2101 Beneficial owner

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