Laopu Gold Co (HKSE:06181) Cash, Cash Equivalents, Marketable Securities : HK$782 Mil (As of Dec. 2024)

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What is Laopu Gold Co Cash, Cash Equivalents, Marketable Securities?

Laopu Gold Co's quarterly cash, cash equivalents, marketable securities increased from Dec. 2023 (HK$76.39 Mil) to Jun. 2024 (HK$886.97 Mil) but then stayed the same from Jun. 2024 (HK$886.97 Mil) to Dec. 2024 (HK$782.23 Mil).

Laopu Gold Co's annual cash, cash equivalents, marketable securities increased from Dec. 2022 (HK$67.32 Mil) to Dec. 2023 (HK$76.39 Mil) and increased from Dec. 2023 (HK$76.39 Mil) to Dec. 2024 (HK$782.23 Mil).

Laopu Gold Co Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Laopu Gold 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.

Laopu Gold Co Cash, Cash Equivalents, Marketable Securities Chart

Laopu Gold Co Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Cash, Cash Equivalents, Marketable Securities

30.84

67.32

76.39

782.23

Laopu Gold Co Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24	Dec24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			67.32	-	76.39	886.97	782.23

Laopu Gold 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.

Laopu Gold Co (HKSE:06181) 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.

Laopu Gold Co Cash, Cash Equivalents, Marketable Securities Related Terms

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Laopu Gold Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Laopu Gold Co Ltd (HKSE:06181) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Dong Chang’an Avenue, No. 3 West Building, Rooms 3-6, 6th floor, The Towers at Oriental Plaza, Dongcheng District, Beijing, CHN

Website

http://www.lphj.com

Laopu Gold Co Ltd is a Chinese heritage gold jewelry brand. It design, manufacture and sell pure gold jewelry which combines ancient wisdom and modern fashions. Companies gold jewelry products comprise pure gold jewelry and gem-set jewelry (with diamonds or other gemstones inlaid in pure gold) The company operated 33 boutiques in reputable commercial centers in 14 cities across China.

Executives

Xu Dongbo
Xu Gaoming
Beijing Hongqiao Jinji Consulting Co., Ltd.
Chen Guodong
Beijing Jinbu Enterprise Management Consulting L.p. (limited Partnership)
Tianjin Jincheng Enterprise Management Consulting L.p. (limited Partnership)	2101 Beneficial owner
Huang River Investment Limited
Tencent Holdings Limited

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