Cheche Group (Cheche Group) Cash And Cash Equivalents : $16.5 Mil (As of Dec. 2022)

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What is Cheche Group Cash And Cash Equivalents?

Cheche Group's quarterly cash and cash equivalents declined from Dec. 2021 ($56.90 Mil) to Jun. 2022 ($28.35 Mil) but then stayed the same from Jun. 2022 ($28.35 Mil) to Dec. 2022 ($16.49 Mil).

Cheche Group's annual cash and cash equivalents declined from Dec. 2021 ($56.90 Mil) to Dec. 2022 ($16.49 Mil) but then increased from Dec. 2022 ($16.49 Mil) to Dec. 2023 ($34.09 Mil).

Cheche Group Cash And Cash Equivalents Historical Data

The historical data trend for Cheche 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.

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Cheche Group Cash And Cash Equivalents Chart

Cheche Group Annual Data

Trend

Dec21

Dec22

Dec23

Cash And Cash Equivalents

56.90

16.49

34.09

Cheche Group Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Dec23
Cash And Cash Equivalents	-	56.90	28.35	16.49	34.09

Cheche 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.

Cheche Group (NAS:CCG) 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.

Cheche Group Cash And Cash Equivalents Related Terms

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Cheche Group (Cheche Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Cheche Group Inc (NAS:CCG) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

13-1 Deshengmenwai Avenue, 8th Floor, Desheng Hopson Fortune Plaza, Xicheng, Beijing, CHN, 100088

Website

https://www.chechegroup.com

Cheche Group Inc is an insurtech company. It is China's independent technology-empowered platform for auto insurance transaction services by digital auto insurance transaction premiums and insurance technology companies. The company has reshaped the traditional auto insurance distribution and services value chain to create a digital platform by improving operational efficiencies, reducing transaction costs, and expanding distribution channels. Its business scope ranges from digital insurance transactions, SaaS platforms for insurance intermediaries, AI-driven insurance pricing and underwriting services, auto insurance services for new energy vehicle (NEV) manufacturers, green auto insurance innovations, etc.

Cheche Group (Cheche Group) Headlines

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