China Feihe (HKSE:06186) Cash, Cash Equivalents, Marketable Securities : HK$20,904 Mil (As of Dec. 2023)

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What is China Feihe Cash, Cash Equivalents, Marketable Securities?

China Feihe's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (HK$21,309.42 Mil) to Jun. 2023 (HK$19,885.54 Mil) but then increased from Jun. 2023 (HK$19,885.54 Mil) to Dec. 2023 (HK$20,904.14 Mil).

China Feihe's annual cash, cash equivalents, marketable securities increased from Dec. 2021 (HK$21,022.73 Mil) to Dec. 2022 (HK$21,309.42 Mil) but then declined from Dec. 2022 (HK$21,309.42 Mil) to Dec. 2023 (HK$20,904.14 Mil).

China Feihe Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for China Feihe's Cash, Cash Equivalents, Marketable Securities 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.

China Feihe Cash, Cash Equivalents, Marketable Securities Chart

China Feihe Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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14,207.22

19,429.41

21,022.73

21,309.42

20,904.14

China Feihe Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial									21,022.73	19,399.30	21,309.42	19,885.54	20,904.14

China Feihe Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

China Feihe (HKSE:06186) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

China Feihe Cash, Cash Equivalents, Marketable Securities Related Terms

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China Feihe (HKSE:06186) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Feihe Ltd (HKSE:06186) » Definitions » Cash, Cash Equivalents, Marketable Securities

Traded in Other Exchanges

CHFLF:USA CFEIY:USA

Address

10 Jiuxianqiao Road, Block C, 16th Floor, Star City International Building, Chaoyang District, Beijing, CHN, 100016

Website

https://www.feihe.com

Feihe is the number one infant milk formula company in China, with a premium market positioning among domestic and foreign competing brands. The company utilizes the flagship Astrobaby lineup to promote its "more suitable for Chinese babies" proposition. It has a nationwide distributor network covering maternity stores, supermarkets and traditional retailers, as well as a direct sales network in e-commerce.

Executives

Leng Youbin	2201 Interest of corporation controlled by you
Morgan Stanley	2201 Interest of corporation controlled by you
Liu Hua	2201 Interest of corporation controlled by you
Liu Shenghui	2201 Interest of corporation controlled by you
Dasheng Limited	2101 Beneficial owner
Leng Youbin	2201 Interest of corporation controlled by you
Garland Glory Holdings Limited	2101 Beneficial owner
Harneys Trustees Limited
Lyb International Holding Limited
Morgan Stanley Private Equity Asia Iii Holdings (cayman) Ltd	2201 Interest of corporation controlled by you
Morgan Stanley Private Equity Asia Iii, Inc.	2201 Interest of corporation controlled by you
Morgan Stanley Private Equity Asia Iii, L.l.c.	2201 Interest of corporation controlled by you
Ms Holdings Incorporated	2201 Interest of corporation controlled by you
North Haven Private Equity Asia Iii, L.p.	2201 Interest of corporation controlled by you
North Haven Private Equity Asia Imf Holding Limited	2101 Beneficial owner

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