China Vanadium Titano-Magnetite Mining Co (HKSE:00893) Cash, Cash Equivalents, Marketable Securities : HK$8.8 Mil (As of Dec. 2023)

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What is China Vanadium Titano-Magnetite Mining Co Cash, Cash Equivalents, Marketable Securities?

China Vanadium Titano-Magnetite Mining Co's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (HK$10.45 Mil) to Jun. 2023 (HK$4.45 Mil) but then increased from Jun. 2023 (HK$4.45 Mil) to Dec. 2023 (HK$8.79 Mil).

China Vanadium Titano-Magnetite Mining Co's annual cash, cash equivalents, marketable securities increased from Dec. 2021 (HK$7.88 Mil) to Dec. 2022 (HK$10.45 Mil) but then declined from Dec. 2022 (HK$10.45 Mil) to Dec. 2023 (HK$8.79 Mil).

China Vanadium Titano-Magnetite Mining Co Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for China Vanadium Titano-Magnetite Mining 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.

China Vanadium Titano-Magnetite Mining Co Cash, Cash Equivalents, Marketable Securities Chart

China Vanadium Titano-Magnetite Mining Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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29.70

38.70

7.88

10.45

8.79

China Vanadium Titano-Magnetite Mining 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															7.88	4.39	10.45	4.45	8.79

China Vanadium Titano-Magnetite Mining 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.

China Vanadium Titano-Magnetite Mining Co (HKSE:00893) 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.

China Vanadium Titano-Magnetite Mining Co Cash, Cash Equivalents, Marketable Securities Related Terms

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China Vanadium Titano-Magnetite Mining Co (HKSE:00893) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » China Vanadium Titano-Magnetite Mining Co Ltd (HKSE:00893) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

CV8S:Germany

Address

1 Matheson Street, 31st Floor, Tower Two Times Square, Causeway Bay, Hong Kong, HKG

Website

https://www.chinavtmmining.com

China Vanadium Titano-Magnetite Mining Co Ltd is engaged in mining and ore processing; sale of self-produced products; trading of steels; management of strategic investments; and rendering of specialized mining services. Its segments include the High-Fe Mining operation segment comprises the operation of the sale of self-produced high-grade iron concentrates within the range of 65% TFe to 72% TFe and the provision of consultancy and management services; the Trading segment comprises the operation of the sale of traded products; and the Corporate and others segment covers the nonoperating activities supporting the group which includes the central functions such as the functional costs that have not been allocated to the other segments.

Executives

Erie Investments Limited	2101 Beneficial owner
Jiang Hua	2202 Interest of your spouse
Zou Hua	2201 Interest of corporation controlled by you
Kingston Grand Limited	2201 Interest of corporation controlled by you
Li Hesheng	2401 A concert party to an agreement to buy shares
Long Sino International Limited	2201 Interest of corporation controlled by you
Shi Yinjun	2401 A concert party to an agreement to buy shares
Trisonic International Limited	2101 Beneficial owner
Wang Jin	2201 Interest of corporation controlled by you
Wu Wendong	2401 A concert party to an agreement to buy shares
Yang Xianlu	2401 A concert party to an agreement to buy shares
Zhang Yuangui	2401 A concert party to an agreement to buy shares
Si Chuan Xin Tuo You Xian Gong Si	2106 Person having a security interest in shares

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