China Jinmao Holdings Group (China Jinmao Holdings Group) Cash And Cash Equivalents : $4,330 Mil (As of Dec. 2023)

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What is China Jinmao Holdings Group Cash And Cash Equivalents?

China Jinmao Holdings Group's quarterly cash and cash equivalents declined from Dec. 2022 ($5,319.97 Mil) to Jun. 2023 ($4,596.72 Mil) but then stayed the same from Jun. 2023 ($4,596.72 Mil) to Dec. 2023 ($4,330.41 Mil).

China Jinmao Holdings Group's annual cash and cash equivalents increased from Dec. 2021 ($4,875.05 Mil) to Dec. 2022 ($5,319.97 Mil) but then declined from Dec. 2022 ($5,319.97 Mil) to Dec. 2023 ($4,330.41 Mil).

China Jinmao Holdings Group Cash And Cash Equivalents Historical Data

The historical data trend for China Jinmao Holdings 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 Jinmao Holdings Group Cash And Cash Equivalents Chart

China Jinmao Holdings Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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2,558.68

6,645.30

4,875.05

5,319.97

4,330.41

China Jinmao Holdings 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															4,875.05	4,912.07	5,319.97	4,596.72	4,330.41

China Jinmao Holdings 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 Jinmao Holdings Group (OTCPK:FRSHY) 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 Jinmao Holdings Group Cash And Cash Equivalents Related Terms

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China Jinmao Holdings Group (China Jinmao Holdings Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Jinmao Holdings Group Ltd (OTCPK:FRSHY) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

00817:Hong Kong 3F5:Germany

Address

No. 1 Harbour Road, Room 4702-4703, 47th Floor, Office Tower, Convention Plaza, Wanchai, Hong Kong, HKG

Website

https://www.chinajinmao.cn

China Jinmao, formerly known as Franshion Properties, is a mid-cap real estate developer in China, and listed on the Hong Kong stock exchange in 2007. As the real estate arm of Sinochem, a leading government-controlled chemical-producing conglomerate, China Jinmao focuses on the development of high-end residential projects in higher-tier cities of China with premium pricing. It also engages in a unique city operation model, in which it has opportunities to participate in large-scale primary and secondary land development through specific agreements with local government. Under the mixed ownership reform initiative, China Jinmao brought in Ping An as a long-term financial investor and as the second largest shareholder.