Meihua International Medical Technologies Co (Meihua International Medical Technologies Co) Cash And Cash Equivalents : $16.93 Mil (As of Dec. 2023)

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What is Meihua International Medical Technologies Co Cash And Cash Equivalents?

Meihua International Medical Technologies Co's quarterly cash and cash equivalents declined from Dec. 2022 ($26.74 Mil) to Jun. 2023 ($17.86 Mil) but then stayed the same from Jun. 2023 ($17.86 Mil) to Dec. 2023 ($16.93 Mil).

Meihua International Medical Technologies Co's annual cash and cash equivalents increased from Dec. 2021 ($8.15 Mil) to Dec. 2022 ($26.74 Mil) but then declined from Dec. 2022 ($26.74 Mil) to Dec. 2023 ($16.93 Mil).

Meihua International Medical Technologies Co Cash And Cash Equivalents Historical Data

The historical data trend for Meihua International Medical Technologies Co'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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Meihua International Medical Technologies Co Cash And Cash Equivalents Chart

Meihua International Medical Technologies Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

16.03

7.19

8.15

26.74

16.93

Meihua International Medical Technologies Co Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial				8.15	34.17	26.74	17.86	16.93

Meihua International Medical Technologies Co 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.

Meihua International Medical Technologies Co (NAS:MHUA) 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.

Meihua International Medical Technologies Co Cash And Cash Equivalents Related Terms

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Meihua International Medical Technologies Co (Meihua International Medical Technologies Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Meihua International Medical Technologies Co Ltd (NAS:MHUA) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

88 Tongda Road, Touqiao Town, Guangling District, Yangzhou, CHN, 225000

Website

http://www.meihuamed.com

Meihua International Medical Technologies Co Ltd is engaged in providing disposable medical devices. It serves hospitals, pharmacies, medical institutions, and medical equipment companies. Its product offerings include a Disposable Medical mask, Disposable ID Bracelet, Disposable Artificial Anal bag, Disposable Catheter, and Electonic pump among others.