Ming Shing Group Holdings (Ming Shing Group Holdings) Cash, Cash Equivalents, Marketable Securities : $0.42 Mil (As of Sep. 2023)

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What is Ming Shing Group Holdings Cash, Cash Equivalents, Marketable Securities?

Ming Shing Group Holdings's quarterly cash, cash equivalents, marketable securities declined from Sep. 2022 ($0.41 Mil) to Mar. 2023 ($0.32 Mil) but then increased from Mar. 2023 ($0.32 Mil) to Sep. 2023 ($0.42 Mil).

Ming Shing Group Holdings's annual cash, cash equivalents, marketable securities declined from Mar. 2021 ($0.32 Mil) to Mar. 2022 ($0.22 Mil) but then increased from Mar. 2022 ($0.22 Mil) to Mar. 2023 ($0.32 Mil).

Ming Shing Group Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Ming Shing Group 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.

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Ming Shing Group Holdings Cash, Cash Equivalents, Marketable Securities Chart

Ming Shing Group Holdings Annual Data

Trend

Mar21

Mar22

Mar23

Cash, Cash Equivalents, Marketable Securities

0.32

0.22

0.32

Ming Shing Group Holdings Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			-	0.22	0.41	0.32	0.42

Ming Shing Group 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.

Ming Shing Group Holdings (NAS:MSW) 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.

Ming Shing Group Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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Ming Shing Group Holdings (Ming Shing Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ming Shing Group Holdings Ltd (NAS:MSW) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Tai Yau Street, 8th Floor, Cheong Tai Factory Building, San Po Kong, Kowloon, Hong Kong, HKG

Website

https://www.ms100.com.hk

Ming Shing Group Holdings Ltd is a holding company, which is primarily operated through its indirectly wholly-owned Hong Kong Operating Subsidiaries, MS (HK) Engineering Limited and MS Engineering Co., Limited. It is engaged in wet trades works, such as plastering works, tile laying works, brick laying works, floor screeding works and marble works. the company is mainly engaged in private-sector projects in Hong Kong. Its private sector projects mainly involve private residential developments and commercial developments. The project owners of its private sector projects are generally property developers, and its customers are generally main contractors and wet trades work subcontractors engaged under such projects.

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