China Nonferrous Mining (HKSE:01258) Cash And Cash Equivalents : HK$4,704 Mil (As of Dec. 2023)

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What is China Nonferrous Mining Cash And Cash Equivalents?

China Nonferrous Mining's quarterly cash and cash equivalents increased from Dec. 2022 (HK$5,939.66 Mil) to Jun. 2023 (HK$8,010.44 Mil) but then stayed the same from Jun. 2023 (HK$8,010.44 Mil) to Dec. 2023 (HK$4,704.34 Mil).

China Nonferrous Mining's annual cash and cash equivalents increased from Dec. 2021 (HK$4,732.01 Mil) to Dec. 2022 (HK$5,939.66 Mil) but then declined from Dec. 2022 (HK$5,939.66 Mil) to Dec. 2023 (HK$4,704.34 Mil).

China Nonferrous Mining Cash And Cash Equivalents Historical Data

The historical data trend for China Nonferrous Mining'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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China Nonferrous Mining Cash And Cash Equivalents Chart

China Nonferrous Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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3,755.60

3,859.12

4,732.01

5,939.66

4,704.34

China Nonferrous Mining Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															4,732.01	6,342.45	5,939.66	8,010.44	4,704.34

China Nonferrous Mining 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.

China Nonferrous Mining (HKSE:01258) 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.

China Nonferrous Mining Cash And Cash Equivalents Related Terms

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China Nonferrous Mining (HKSE:01258) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Nonferrous Mining Corp Ltd (HKSE:01258) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

3N4:Germany

Address

32 Enos Chomba Road, Kitwe, ZMB

Website

https://www.cnmcl.net

China Nonferrous Mining Corp Ltd is engaged in the exploration, mining, ore processing, leaching, smelting of copper and cobalt, and sale of copper cathodes, blister copper, and copper anodes, copper-cobalt alloy, cobaltous hydroxide, and sulfuric acid. Its operating segments are Leaching and Smelting. The majority of the company's revenue is derived from the Smelting segment. The smelting segment includes the production and sale of blister and copper anodes. Geographically, it derives a majority of revenue from Mainland China.

Executives

Zhong Guo You Se Kuang Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo You Se Jin Shu Jian She Gu Fen You Xian Gong Si	2101 Beneficial owner

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