Bright Smart Securitiesmmodities Group (HKSE:01428) Cash, Cash Equivalents, Marketable Securities : HK$708.8 Mil (As of Sep. 2024)

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What is Bright Smart Securitiesmmodities Group Cash, Cash Equivalents, Marketable Securities?

Bright Smart Securitiesmmodities Group's quarterly cash, cash equivalents, marketable securities increased from Sep. 2023 (HK$459.44 Mil) to Mar. 2024 (HK$493.02 Mil) and increased from Mar. 2024 (HK$493.02 Mil) to Sep. 2024 (HK$708.78 Mil).

Bright Smart Securitiesmmodities Group's annual cash, cash equivalents, marketable securities declined from Mar. 2022 (HK$574.29 Mil) to Mar. 2023 (HK$571.49 Mil) and declined from Mar. 2023 (HK$571.49 Mil) to Mar. 2024 (HK$493.02 Mil).

Bright Smart Securitiesmmodities Group Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Bright Smart Securitiesmmodities Group'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.

Bright Smart Securitiesmmodities Group Cash, Cash Equivalents, Marketable Securities Chart

Bright Smart Securitiesmmodities Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash, Cash Equivalents, Marketable Securities

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526.20

496.86

574.29

571.49

493.02

Bright Smart Securitiesmmodities Group Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															625.00	571.49	459.44	493.02	708.78

Bright Smart Securitiesmmodities Group 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.

Bright Smart Securitiesmmodities Group (HKSE:01428) 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.

Bright Smart Securitiesmmodities Group Cash, Cash Equivalents, Marketable Securities Related Terms

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Bright Smart Securitiesmmodities Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bright Smart Securities & Commodities Group Ltd (HKSE:01428) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

0BX:Germany

Address

71 Des Voeux Road Central, 10th Floor and 23rd Floor, Wing On House, Central, Hong Kong, HKG

Website

https://www.bsgroup.com.hk

Bright Smart Securities & Commodities Group Ltd is a company that provides financial services, including securities broking, margin financing, commodities & futures broking, bullion trading and leveraged foreign exchange trading. The company operates via three segments. The Securities broking segment offers broking services in securities traded in Hong Kong and select overseas markets and provides margin financing services to its broking customers. The Commodities and futures broking segment offers broking services in commodities and futures contracts traded in Hong Kong and overseas markets. The Bullion trading segment provides trading services in bullion contracts traded overseas. The company generates majority of its revenue from the Securities broking segment.

Executives

New Charming Holdings Limited	2101 Beneficial owner
Yip Mow Lum	2201 Interest of corporation controlled by you
Ma Yi Ke Ji Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

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