Huzhou Gas Co (HKSE:06661) Cash, Cash Equivalents, Marketable Securities : HK$938 Mil (As of Dec. 2023)

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What is Huzhou Gas Co Cash, Cash Equivalents, Marketable Securities?

Huzhou Gas Co's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (HK$1,205.72 Mil) to Jun. 2023 (HK$1,097.76 Mil) but then stayed the same from Jun. 2023 (HK$1,097.76 Mil) to Dec. 2023 (HK$938.00 Mil).

Huzhou Gas Co's annual cash, cash equivalents, marketable securities increased from Dec. 2021 (HK$904.48 Mil) to Dec. 2022 (HK$1,205.72 Mil) but then declined from Dec. 2022 (HK$1,205.72 Mil) to Dec. 2023 (HK$938.00 Mil).

Huzhou Gas Co Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Huzhou Gas 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.

Huzhou Gas Co Cash, Cash Equivalents, Marketable Securities Chart

Huzhou Gas Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

617.29

653.97

904.48

1,205.72

938.00

Huzhou Gas Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			904.48	786.13	1,205.72	1,097.76	938.00

Huzhou Gas 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.

Huzhou Gas Co (HKSE:06661) 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.

Huzhou Gas Co Cash, Cash Equivalents, Marketable Securities Related Terms

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Huzhou Gas Co (HKSE:06661) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Huzhou Gas Co Ltd (HKSE:06661) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

227 Sizhong Road, Zhejiang Province, Huzhou, CHN

Website

https://www.hzrqgf.com

Huzhou Gas Co Ltd is the largest piped natural gas distributor. The principal business of the company comprises of sale of gas, mainly PNG under the Concessions; provision of construction and installation services to construct and install end-user pipeline network and gas facilities for customers such as property developers and owners or occupants of residential and non-residential properties; and others, including sale of household gas appliances.

Executives

Bank Of Communications Co., Ltd.	2201 Interest of corporation controlled by you
Bocom International Holdings Company Limited	2201 Interest of corporation controlled by you
New Partner Intl Ltd	2101 Beneficial owner
Yu Linqiang	2101 Beneficial owner
Guo Tou Tai Kang Xin Tuo You Xian Gong Si	2301 Trustee
Dong Fang Ji Jin Guan Li Gu Fen You Xian Gong Si
Wu Shu Ying	2202 Interest of your spouse
Meng Er Hu	2201 Interest of corporation controlled by you
Yu Rong Fang	2202 Interest of your spouse
Bank Of Communications (nominee) Company Limited	2201 Interest of corporation controlled by you
Bocom International Securities Company Limited	2106 Person having a security interest in shares
Xin Ao Neng Yuan Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Xin Ao Zhong Guo Ran Qi Tou Zi You Xian Gong Si	2101 Beneficial owner

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