ITC Properties Group (HKSE:00199) Cash And Cash Equivalents : HK$59.0 Mil (As of Sep. 2023)

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What is ITC Properties Group Cash And Cash Equivalents?

ITC Properties Group's quarterly cash and cash equivalents declined from Sep. 2022 (HK$307.19 Mil) to Mar. 2023 (HK$61.07 Mil) but then stayed the same from Mar. 2023 (HK$61.07 Mil) to Sep. 2023 (HK$59.01 Mil).

ITC Properties Group's annual cash and cash equivalents declined from Mar. 2021 (HK$298.32 Mil) to Mar. 2022 (HK$283.96 Mil) and declined from Mar. 2022 (HK$283.96 Mil) to Mar. 2023 (HK$61.07 Mil).

ITC Properties Group Cash And Cash Equivalents Historical Data

The historical data trend for ITC Properties Group'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.

ITC Properties Group Cash And Cash Equivalents Chart

ITC Properties Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash And Cash Equivalents

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526.19

514.14

298.32

283.96

61.07

ITC Properties Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial															1,470.06	283.96	307.19	61.07	59.01

ITC Properties Group 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.

ITC Properties Group (HKSE:00199) 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.

ITC Properties Group Cash And Cash Equivalents Related Terms

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ITC Properties Group (HKSE:00199) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » ITC Properties Group Ltd (HKSE:00199) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 Harcourt Road, 30th Floor, Bank of America Tower, Central, Hong Kong, HKG

Website

http://www.itcproperties.com

ITC Properties Group Ltd is an investment holding company principally engaged in the development, selling of, and investment in properties. Its operating segment includes Property; Hotel and leisure; Securities investments and Finance. It generates maximum revenue from the Property segment which includes the development, selling, and investment in properties. Geographically, it derives a majority of its revenue from Hong Kong and also has a presence in Other Countries.

Executives

Fortune Crystal Holdings Limited
Record High Enterprises Limited
Galaxyway Investments Limited
Itc Holdings Limited
Chan Kwok Keung Charles
Ng Yuen Lan Macy
Cheung Hon Kit	2101 Beneficial owner

ITC Properties Group (HKSE:00199) Headlines

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