Ching Lee Holdings (HKSE:03728) Cash, Cash Equivalents, Marketable Securities : HK$38.0 Mil (As of Sep. 2023)

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What is Ching Lee Holdings Cash, Cash Equivalents, Marketable Securities?

Ching Lee Holdings's quarterly cash, cash equivalents, marketable securities increased from Sep. 2022 (HK$27.01 Mil) to Mar. 2023 (HK$57.37 Mil) but then stayed the same from Mar. 2023 (HK$57.37 Mil) to Sep. 2023 (HK$38.04 Mil).

Ching Lee Holdings's annual cash, cash equivalents, marketable securities declined from Mar. 2021 (HK$58.55 Mil) to Mar. 2022 (HK$27.26 Mil) but then increased from Mar. 2022 (HK$27.26 Mil) to Mar. 2023 (HK$57.37 Mil).

Ching Lee Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Ching Lee 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.

Ching Lee Holdings Cash, Cash Equivalents, Marketable Securities Chart

Ching Lee Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash, Cash Equivalents, Marketable Securities

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71.88

59.38

58.55

27.26

57.37

Ching Lee Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															16.52	27.26	27.01	57.37	38.04

Ching Lee 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.

Ching Lee Holdings (HKSE:03728) 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.

Ching Lee Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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Ching Lee Holdings (HKSE:03728) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ching Lee Holdings Ltd (HKSE:03728) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

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Address

28 Shanghai Street, Room 203-204, 2nd Floor, Hang Bong Commercial Centre, Jordan, Kowloon, Hong Kong, HKG

Website

https://www.chingleeholdings.com

Ching Lee Holdings Ltd is an investment holding company. It is engaged in providing substructure building works services, superstructure building works services and repair, maintenance, alteration and addition works services. Substructure building works refer to building works in relation to the parts of the structure below or above the ground level respectively while repair, maintenance, alteration and addition work services segment accounts for existing structing. The superstructure works projects consist of demolition and hoarding, site formation and foundation works and RMAA works services segment. Majority of the company's revenue comes from the superstructure building work services. The group is based in Hong Kong.

Executives

Ng Choi Wah

2101 Beneficial owner

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