Jiangsu Fasten Co (SZSE:000890) Cash And Cash Equivalents : ¥52.4 Mil (As of Mar. 2024)

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What is Jiangsu Fasten Co Cash And Cash Equivalents?

Jiangsu Fasten Co's quarterly cash and cash equivalents declined from Sep. 2023 (¥97.45 Mil) to Dec. 2023 (¥75.43 Mil) but then stayed the same from Dec. 2023 (¥75.43 Mil) to Mar. 2024 (¥52.43 Mil).

Jiangsu Fasten Co's annual cash and cash equivalents declined from Dec. 2021 (¥249.42 Mil) to Dec. 2022 (¥187.95 Mil) and declined from Dec. 2022 (¥187.95 Mil) to Dec. 2023 (¥75.43 Mil).

Jiangsu Fasten Co Cash And Cash Equivalents Historical Data

The historical data trend for Jiangsu Fasten 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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Jiangsu Fasten Co Cash And Cash Equivalents Chart

Jiangsu Fasten Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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408.30

274.47

249.42

187.95

75.43

Jiangsu Fasten 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															83.32	127.90	97.45	75.43	52.43

Jiangsu Fasten 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.

Jiangsu Fasten Co (SZSE:000890) 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.

Jiangsu Fasten Co Cash And Cash Equivalents Related Terms

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Jiangsu Fasten Co (SZSE:000890) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jiangsu Fasten Co Ltd (SZSE:000890) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

No. 165, Chengjiang Middle Road, Jiangsu Province, Jiangyin, CHN, 214434

Website

http://www.fasten.com.cn

Jiangsu Fasten Co Ltd is a China-based company mainly engaged in commercial factoring, fine optimization of metal products, bridge cable products and infrastructure materials manufacturing and sales. The company offers steel wires, stranded steel wires, stainless steel silk products, and steel-cables; fiber and cable products.

Executives

Huang Xiao Juan	Supervisors
Zhu Gang	Supervisors
Zhao Jun	Directors, executives
Cao Yu	Director
Liu Li Hua	Director
Tang Fu Ru	Supervisors
Liu Yin	Director
Liang Le Tian	Executives
Zhou Jian Song	Director
Wu Yu Jun	Executives

Jiangsu Fasten Co (SZSE:000890) Headlines

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