CSSC (Hong Kong) Shipping Co (FRA:3LL) Cash And Cash Equivalents : €110.1 Mil (As of Dec. 2023)

View and export this data going back to 2019. Start your Free Trial

What is CSSC (Hong Kong) Shipping Co Cash And Cash Equivalents?

CSSC (Hong Kong) Shipping Co's quarterly cash and cash equivalents declined from Dec. 2022 (€143.26 Mil) to Jun. 2023 (€132.44 Mil) but then stayed the same from Jun. 2023 (€132.44 Mil) to Dec. 2023 (€110.14 Mil).

CSSC (Hong Kong) Shipping Co's annual cash and cash equivalents declined from Dec. 2021 (€162.01 Mil) to Dec. 2022 (€143.26 Mil) and declined from Dec. 2022 (€143.26 Mil) to Dec. 2023 (€110.14 Mil).

CSSC (Hong Kong) Shipping Co Cash And Cash Equivalents Historical Data

The historical data trend for CSSC (Hong Kong) Shipping Co's Cash And Cash Equivalents 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.

CSSC (Hong Kong) Shipping Co Cash And Cash Equivalents Chart

CSSC (Hong Kong) Shipping Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

Get a 7-Day Free Trial

218.55

231.19

162.01

143.26

110.14

CSSC (Hong Kong) Shipping Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial									162.01	153.05	143.26	132.44	110.14

CSSC (Hong Kong) Shipping Co Cash And Cash Equivalents 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.

CSSC (Hong Kong) Shipping Co (FRA:3LL) Cash And Cash Equivalents Explanation

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.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

CSSC (Hong Kong) Shipping Co Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of CSSC (Hong Kong) Shipping Co's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

CSSC (Hong Kong) Shipping Co (FRA:3LL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » CSSC (Hong Kong) Shipping Co Ltd (FRA:3LL) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

03877:Hong Kong

Address

19 Des Voeux Road Central, Room 1801, 18th Floor, World-wide House, Hong Kong, HKG

Website

https://www.csscshipping.cn

CSSC (Hong Kong) Shipping Co Ltd is a shipyard-affiliated leasing company in Greater China. As a player in the ship leasing industry, it offers customized ship leasing solutions that suit customers' different needs. The core business of the group is the provision of leasing services, which include finance leases and operating leases. It operates through the below segments: Leasing services, Shipbroking services, and Loan borrowings. The Leasing services segment that derives the majority of revenue provides Leasing services.

CSSC (Hong Kong) Shipping Co (FRA:3LL) Headlines

No Headlines