Miramar Hotel & Investment Co (HKSE:00071) Cash, Cash Equivalents, Marketable Securities : HK$5,658 Mil (As of Dec. 2023)

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What is Miramar Hotel & Investment Co Cash, Cash Equivalents, Marketable Securities?

Miramar Hotel & Investment Co's quarterly cash, cash equivalents, marketable securities increased from Dec. 2022 (HK$5,444.37 Mil) to Jun. 2023 (HK$5,627.65 Mil) and increased from Jun. 2023 (HK$5,627.65 Mil) to Dec. 2023 (HK$5,658.19 Mil).

Miramar Hotel & Investment Co's annual cash, cash equivalents, marketable securities increased from Dec. 2021 (HK$5,310.25 Mil) to Dec. 2022 (HK$5,444.37 Mil) and increased from Dec. 2022 (HK$5,444.37 Mil) to Dec. 2023 (HK$5,658.19 Mil).

Miramar Hotel & Investment Co Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Miramar Hotel & Investment 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.

Miramar Hotel & Investment Co Cash, Cash Equivalents, Marketable Securities Chart

Miramar Hotel & Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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5,308.17

5,111.83

5,310.25

5,444.37

5,658.19

Miramar Hotel & Investment Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															5,310.25	5,489.04	5,444.37	5,627.65	5,658.19

Miramar Hotel & Investment 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.

Miramar Hotel & Investment Co (HKSE:00071) 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.

Miramar Hotel & Investment Co Cash, Cash Equivalents, Marketable Securities Related Terms

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Miramar Hotel & Investment Co (HKSE:00071) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Miramar Hotel & Investment Co Ltd (HKSE:00071) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

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Address

132 Nathan Road, 15th Floor, Mira Place Tower A, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.miramar-group.com

Miramar Hotel & Investment Co Ltd is an investment holding company. It operates in five segments: Property rental, which includes leasing of office and retail premises to generate rental income and to gain from the appreciation in properties values in the long term; Hotels & serviced apartments segment operates hotels and serviced apartments and provision of hotel management services; Food & beverage operation segment operates restaurants; Travel operation segment is engaged in the operation of travel agency services; and Others. Its geographical segments are Hong Kong and China, of which Hong Kong accounts for the majority of its revenue.

Executives

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Lee Shau Kee	2501 Other

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