China Oil And Gas Group (China Oil And Gas Group) Cash And Cash Equivalents : $268 Mil (As of Dec. 2023)

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What is China Oil And Gas Group Cash And Cash Equivalents?

China Oil And Gas Group's quarterly cash and cash equivalents declined from Dec. 2022 ($427.69 Mil) to Jun. 2023 ($371.91 Mil) but then stayed the same from Jun. 2023 ($371.91 Mil) to Dec. 2023 ($268.31 Mil).

China Oil And Gas Group's annual cash and cash equivalents increased from Dec. 2021 ($357.30 Mil) to Dec. 2022 ($427.69 Mil) but then declined from Dec. 2022 ($427.69 Mil) to Dec. 2023 ($268.31 Mil).

China Oil And Gas Group Cash And Cash Equivalents Historical Data

The historical data trend for China Oil And Gas Group'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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China Oil And Gas Group Cash And Cash Equivalents Chart

China Oil And Gas Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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323.04

377.51

357.30

427.69

268.31

China Oil And Gas Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															357.30	402.95	427.69	371.91	268.31

China Oil And Gas Group 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.

China Oil And Gas Group (OTCPK:CLSZF) 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.

China Oil And Gas Group Cash And Cash Equivalents Related Terms

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China Oil And Gas Group (China Oil And Gas Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Oil And Gas Group Ltd (OTCPK:CLSZF) » Definitions » Cash And Cash Equivalents

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00603:Hong Kong GPI1:Germany

Address

255-257 Gloucester Road, Suite 2805, 28th Floor, Sino Plaza, Causeway Bay, Hong Kong, HKG

Website

https://www.hk603.com

China Oil And Gas Group Ltd and its subsidiaries are principally engaged in investment in natural gas and energy-related business. The business operations of the company include piped city gas business, pipeline design, and construction; transportation, distribution and sale of compressed natural gas and liquefied natural gas; and development, production and sale of crude oil and gas and other upstream energy resources. The company operates through the segments of Sales and distribution of natural gas and other related products; Gas pipeline construction and connection; Exploitation and production of crude oil and natural gas; and Production and sales of coal gasification and other related products. The majority of the company's revenue comes from Mainland China.