Xinhu Zhongbao Co (SHSE:600208) Cash And Cash Equivalents : ¥5,454 Mil (As of Mar. 2024)

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What is Xinhu Zhongbao Co Cash And Cash Equivalents?

Xinhu Zhongbao Co's quarterly cash and cash equivalents declined from Sep. 2023 (¥6,848.79 Mil) to Dec. 2023 (¥5,933.72 Mil) but then stayed the same from Dec. 2023 (¥5,933.72 Mil) to Mar. 2024 (¥5,453.89 Mil).

Xinhu Zhongbao Co's annual cash and cash equivalents declined from Dec. 2021 (¥16,534.25 Mil) to Dec. 2022 (¥9,510.47 Mil) and declined from Dec. 2022 (¥9,510.47 Mil) to Dec. 2023 (¥5,933.72 Mil).

Xinhu Zhongbao Co Cash And Cash Equivalents Historical Data

The historical data trend for Xinhu Zhongbao 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.

* Premium members only.

Xinhu Zhongbao Co Cash And Cash Equivalents Chart

Xinhu Zhongbao Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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14,690.21

16,921.09

16,534.25

9,510.47

5,933.72

Xinhu Zhongbao Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															8,327.95	6,421.65	6,848.79	5,933.72	5,453.89

Xinhu Zhongbao 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.

Xinhu Zhongbao Co (SHSE:600208) 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.

Xinhu Zhongbao Co Cash And Cash Equivalents Related Terms

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Xinhu Zhongbao Co (SHSE:600208) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Xinhu Zhongbao Co Ltd (SHSE:600208) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

Hexing Road, Zhongshan Road, Zhejiang Province, Jiaxing, CHN, 310007

Website

http://www.600208.net

Xinhu Zhongbao Co Ltd is a China based company engaged in the development and sale of real estate. In addition, the company is also engaged in other financial operations and investments.

Executives

Pan Xiao Na	Director
Zhao Wei Qing	Director
Zhou Dan Cheng	senior management
Yu Di Feng	Director
Lin Jun Bo	Director
Lu Xiang	Supervisors
Qian Chun	Director
Lin Xing	Director
Chen Qian	senior management
Shen Jian Wei	Supervisors

Xinhu Zhongbao Co (SHSE:600208) Headlines

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