Ruisen Life Service Co (HKSE:01922) Cash, Cash Equivalents, Marketable Securities : HK$503 Mil (As of Dec. 2023)

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What is Ruisen Life Service Co Cash, Cash Equivalents, Marketable Securities?

Ruisen Life Service Co's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (HK$411.50 Mil) to Jun. 2023 (HK$212.31 Mil) but then increased from Jun. 2023 (HK$212.31 Mil) to Dec. 2023 (HK$502.54 Mil).

Ruisen Life Service Co's annual cash, cash equivalents, marketable securities declined from Dec. 2021 (HK$658.92 Mil) to Dec. 2022 (HK$411.50 Mil) but then increased from Dec. 2022 (HK$411.50 Mil) to Dec. 2023 (HK$502.54 Mil).

Ruisen Life Service Co Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Ruisen Life Service 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.

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Ruisen Life Service Co Cash, Cash Equivalents, Marketable Securities Chart

Ruisen Life Service Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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498.31

678.10

658.92

411.50

502.54

Ruisen Life Service Co Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial								658.92	362.80	411.50	212.31	502.54

Ruisen Life Service 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.

Ruisen Life Service Co (HKSE:01922) 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.

Ruisen Life Service Co Cash, Cash Equivalents, Marketable Securities Related Terms

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Ruisen Life Service Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ruisen Life Service Co Ltd (HKSE:01922) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

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Address

289 Jiangdong Avenue North, 5th Floor, Block A Yincheng Plaza, Jiangsu Province, Nanjing, CHN

Website

http://www.yinchenglife.hk

Yincheng Life Service Co Ltd is a property management service provider. It provides diversified property management services and value-added services for living communities. The business covers a wide range of properties, including residential and non-residential properties such as government facilities, financial institutions, property sales offices, hospitals, commercial complex, parks, highway service areas.

Executives

First Beijing Investment Limited	2102 Investment manager
Silver Huang Holding Limited	2101 Beneficial owner
Huang Qingping	2201 Interest of corporation controlled by you
Hongkong Ruihua Investment Management Limited	2101 Beneficial owner
Zhang Jianbin	2201 Interest of corporation controlled by you
Jiang Su Rui Hua Tou Zi Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Silver Zhu Holding Limited	2101 Beneficial owner
Zhu Linnan	2201 Interest of corporation controlled by you

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