KRP Development Holdings (HKSE:02421) Cash, Cash Equivalents, Marketable Securities : HK$205.5 Mil (As of Sep. 2023)

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What is KRP Development Holdings Cash, Cash Equivalents, Marketable Securities?

KRP Development Holdings's quarterly cash, cash equivalents, marketable securities declined from Sep. 2022 (HK$402.30 Mil) to Mar. 2023 (HK$293.10 Mil) but then stayed the same from Mar. 2023 (HK$293.10 Mil) to Sep. 2023 (HK$205.50 Mil).

KRP Development Holdings's annual cash, cash equivalents, marketable securities declined from Mar. 2021 (HK$254.20 Mil) to Mar. 2022 (HK$247.28 Mil) but then increased from Mar. 2022 (HK$247.28 Mil) to Mar. 2023 (HK$293.10 Mil).

KRP Development Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for KRP Development 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.

KRP Development Holdings Cash, Cash Equivalents, Marketable Securities Chart

KRP Development Holdings Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Cash, Cash Equivalents, Marketable Securities

210.41

254.20

247.28

293.10

KRP Development Holdings Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			-	247.28	402.30	293.10	205.50

KRP Development 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.

KRP Development Holdings (HKSE:02421) 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.

KRP Development Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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KRP Development Holdings (HKSE:02421) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » KRP Development Holdings Ltd (HKSE:02421) » Definitions » Cash, Cash Equivalents, Marketable Securities

Traded in Other Exchanges

N/A

Address

611–619 Castle Peak Road, Block C, 9th Floor, Southeast Industrial Building, Tsuen Wan, New Territories, Hong Kong, HKG

Website

http://www.krpd.com.hk

KRP Development Holdings Ltd is a boutique residential property developer, It is principally engaged in development and sales of residential properties in the fast-developing residential markets in Dongguan, Huizhou and Foshan. It has developed two product series for homebuyers, namely, Villas series, targeting middle income and move-up homebuyers, and Mansion, targeting first-time homebuyers and retirees.

Executives

Tmf (b.v.i.) Ltd.	2201 Interest of corporation controlled by you
New Sense Enterprises Limited	2101 Beneficial owner
Castfast Properties Development Co., Limited	2101 Beneficial owner
Honford Investments Limited	2201 Interest of corporation controlled by you
The Wedding City Co. Limited	2101 Beneficial owner
Ho Cheuk Fai	2201 Interest of corporation controlled by you
Ho Po Chu	2201 Interest of corporation controlled by you
Ho Cheuk Ming	2201 Interest of corporation controlled by you

KRP Development Holdings (HKSE:02421) Headlines

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