Shenzhen Gas (SHSE:601139) Cash And Cash Equivalents : ¥6,169 Mil (As of Mar. 2024)

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What is Shenzhen Gas Cash And Cash Equivalents?

Shenzhen Gas's quarterly cash and cash equivalents declined from Sep. 2023 (¥6,354.38 Mil) to Dec. 2023 (¥5,836.44 Mil) but then increased from Dec. 2023 (¥5,836.44 Mil) to Mar. 2024 (¥6,168.87 Mil).

Shenzhen Gas's annual cash and cash equivalents increased from Dec. 2021 (¥3,184.27 Mil) to Dec. 2022 (¥3,295.21 Mil) and increased from Dec. 2022 (¥3,295.21 Mil) to Dec. 2023 (¥5,836.44 Mil).

Shenzhen Gas Cash And Cash Equivalents Historical Data

The historical data trend for Shenzhen Gas'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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Shenzhen Gas Cash And Cash Equivalents Chart

Shenzhen Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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2,971.99

3,891.15

3,184.27

3,295.21

5,836.44

Shenzhen Gas 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															3,368.68	3,136.44	6,354.38	5,836.44	6,168.87

Shenzhen Gas 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.

Shenzhen Gas (SHSE:601139) 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.

Shenzhen Gas Cash And Cash Equivalents Related Terms

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Shenzhen Gas (SHSE:601139) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Shenzhen Gas Corp Ltd (SHSE:601139) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

Mei Road 268, Futian District, Guangdong Province, Shenzhen, CHN, 518049

Website

http://www.szgas.com.cn

Shenzhen Gas Corp Ltd is engaged in urban pipeline gas supply, liquefied petroleum gas wholesale, and bottled liquefied petroleum gas retail activities in China and internationally. It serves approximately 2.54 million pipeline gas customers. The company also holds rights for pipeline gas business in around 29 cities under the Shenzhen gas brand.

Executives

Zhuo Fan	Directors, senior managers
Wang Wen Jie	Director
Liu Zhao Yan	senior management
Guo Jia Jing	senior management
Yang Jin Biao	Supervisors
Liu Qiu Hui	Director
Yang Guang	senior management
Xue Bo	senior management
Li Zhen	Director
Zhang Wen He	senior management
Chen Qiu Xiong	Director
Sun Ping Gui	senior management
Ou Da Jiang	Director
Li Qing Ping	senior management

Shenzhen Gas (SHSE:601139) Headlines

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