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Ming Fai International Holdings (HKSE:03828) Cash, Cash Equivalents, Marketable Securities : HK$375 Mil (As of Dec. 2023)


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What is Ming Fai International Holdings Cash, Cash Equivalents, Marketable Securities?

Ming Fai International Holdings's quarterly cash, cash equivalents, marketable securities increased from Dec. 2022 (HK$305.36 Mil) to Jun. 2023 (HK$365.56 Mil) and increased from Jun. 2023 (HK$365.56 Mil) to Dec. 2023 (HK$375.09 Mil).

Ming Fai International Holdings's annual cash, cash equivalents, marketable securities increased from Dec. 2021 (HK$251.16 Mil) to Dec. 2022 (HK$305.36 Mil) and increased from Dec. 2022 (HK$305.36 Mil) to Dec. 2023 (HK$375.09 Mil).

Ming Fai International Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Ming Fai International 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 Fai International Holdings Cash, Cash Equivalents, Marketable Securities Chart

Ming Fai International Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash, Cash Equivalents, Marketable Securities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 349.14 393.94 251.16 305.36 375.09

Ming Fai International Holdings 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 251.16 252.02 305.36 365.56 375.09

Ming Fai International 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 Fai International Holdings  (HKSE:03828) 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 Fai International Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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Ming Fai International Holdings (HKSE:03828) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ming Fai International Holdings Ltd (HKSE:03828) » Definitions » Cash, Cash Equivalents, Marketable Securities
Comparable Companies
HKSE:02023 HKSE:01925 HKSE:06893 HKSE:01667 HKSE:01962 HKSE:00399 HKSE:00464 HKSE:01455 HKSE:03332 HKSE:02177 PG XPAR:OR LSE:ULVR BOM:500696 CL EL LSE:RKT KVUE KMB XTER:BEI
Traded in Other Exchanges
N/A
Address
No. 3 Hoi Shing Road, Unit D3, 8th Floor, TML Tower, New Territories, Tsuen Wan, HKG
Website
https://www.mingfaigroup.com
Ming Fai International Holdings Ltd is an investment holding company. It is engaged in the manufacturing and trading of hospitality supplies products (Hospitality Supplies Business), trading of operating supplies and equipment (OS&E Business), and manufacturing and trading of health care and hygienic products (Health Care and Hygienic Products Business). Its products include Acrylic Hotel Supplies, Bath Mats, Portable Cables, umbrellas, Compact mirrors, Bath products, and others. The group has a business presence in North America, Europe, the PRC, Hong Kong, and other countries.
Executives
Ching Chi Fai 2101 Beneficial owner
Lo Kit Ling 2202 Interest of your spouse
Webb David Michael 2201 Interest of corporation controlled by you
Preferable Situation Assets Limited 2101 Beneficial owner

Ming Fai International Holdings (HKSE:03828) Headlines

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