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Macau Legend Development (HKSE:01680) Cash, Cash Equivalents, Marketable Securities : HK$63.2 Mil (As of Dec. 2023)


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What is Macau Legend Development Cash, Cash Equivalents, Marketable Securities?

Macau Legend Development's quarterly cash, cash equivalents, marketable securities increased from Dec. 2022 (HK$87.34 Mil) to Jun. 2023 (HK$94.75 Mil) but then stayed the same from Jun. 2023 (HK$94.75 Mil) to Dec. 2023 (HK$63.23 Mil).

Macau Legend Development's annual cash, cash equivalents, marketable securities declined from Dec. 2021 (HK$132.60 Mil) to Dec. 2022 (HK$87.34 Mil) and declined from Dec. 2022 (HK$87.34 Mil) to Dec. 2023 (HK$63.23 Mil).


Macau Legend Development Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Macau Legend Development'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.

Macau Legend Development Cash, Cash Equivalents, Marketable Securities Chart

Macau Legend Development Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash, Cash Equivalents, Marketable Securities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,564.23 125.26 132.60 87.34 63.23

Macau Legend Development 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 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 132.60 65.84 87.34 94.75 63.23

Macau Legend Development 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.


Macau Legend Development  (HKSE:01680) 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.


Macau Legend Development Cash, Cash Equivalents, Marketable Securities Related Terms

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Macau Legend Development (HKSE:01680) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Avenida da Amizade e Avenida da, Palace Building, Macau Fisherman’s Wharf, Dr. Sun Yat Sen, Macau, MAC
Macau Legend Development Ltd is an investment holdings company. The company is one of the owners of entertainment and casino gaming facilities in Macau. The company currently has Macau Fisherman's Wharf operated by MFW Investment (MFW), which is a waterfront integrated gaming, hotel, convention and entertainment complex located on the Macau Peninsula. The company's businesses include 1) the provision of gaming services to SJM for the operation of Legend Palace Casino; 2) the operation of casino inside Savan Legend Resorts Hotel and Entertainment Complex in the Lao People's Democratic Republic (Lao PDR); and 3) the operation of hotels, entertainment and leisure facilities within its properties.
Executives
Chow Kam Fai, David
Chan Weng Lin
Wu Jo Hsuan 2202 Interest of your spouse
Perfect Achiever Group Limited 2101 Beneficial owner
Chan Mei Yi, Melinda
Chan Un Chan 2201 Interest of corporation controlled by you
Earth Group Ventures Ltd.
Li Chi Keung
Wong Hoi Ping
Elite Success International Limited 2101 Beneficial owner

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