Xinji Shaxi Group Co (HKSE:03603) Cash, Cash Equivalents, Marketable Securities : HK$561.1 Mil (As of Dec. 2023)

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What is Xinji Shaxi Group Co Cash, Cash Equivalents, Marketable Securities?

Xinji Shaxi Group Co's quarterly cash, cash equivalents, marketable securities increased from Dec. 2022 (HK$351.18 Mil) to Jun. 2023 (HK$517.54 Mil) and increased from Jun. 2023 (HK$517.54 Mil) to Dec. 2023 (HK$561.12 Mil).

Xinji Shaxi Group Co's annual cash, cash equivalents, marketable securities increased from Dec. 2021 (HK$305.74 Mil) to Dec. 2022 (HK$351.18 Mil) and increased from Dec. 2022 (HK$351.18 Mil) to Dec. 2023 (HK$561.12 Mil).

Xinji Shaxi Group Co Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Xinji Shaxi Group 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.

Xinji Shaxi Group Co Cash, Cash Equivalents, Marketable Securities Chart

Xinji Shaxi Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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303.11

216.34

305.74

351.18

561.12

Xinji Shaxi Group Co Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial									296.88	351.18	517.54	561.12	-

Xinji Shaxi Group 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.

Xinji Shaxi Group Co (HKSE:03603) 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.

Xinji Shaxi Group Co Cash, Cash Equivalents, Marketable Securities Related Terms

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Xinji Shaxi Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Xinji Shaxi Group Co Ltd (HKSE:03603) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

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Address

136–138 Austin Road, 3/F Golden Gate Commercial Building, Rooms 301–303, Tsim Sha Tsui, Kowloon, HKG

Website

https://www.xjsx.net.cn

Xinji Shaxi Group Co Ltd is engaged in managing owned and leased portfolio shopping mall which derives revenue from leasing floor areas to the tenants and providing comprehensive and continuous operation and management support to them in the PRC. It operates and manages hospitality supplies and home furnishing shopping malls, exhibition management services, and online shopping malls. The company has two operating segments which are Property leasing and Property management services of which it generates the majority of its revenue from Property leasing. Geographically the company operates in Hong Kong and the People's Republic of China.

Executives

Huang Wanyi
Mei Zuoting
Weixin Development Overseas Limited
Zhang Weixin
Zuoting Investment Limited
Cheung Hon Chuen
Honchuen Investment Limited
Lin Yi	2201 Interest of corporation controlled by you
Al Capital Holdings International Pte. Ltd.	2201 Interest of corporation controlled by you
Straits Universal Limited	2201 Interest of corporation controlled by you
Al Capital Funds Vcc For A/c Of Al Capital Global Opportunities Fund	2102 Investment manager
Honchuen Investment Limited	2101 Beneficial owner
Zhanpeng Investment (hongkong) Company Limited	2101 Beneficial owner
Huiqun Investment Limited	2101 Beneficial owner

Xinji Shaxi Group Co Headlines

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