Anhui Xinli Finance Co (SHSE:600318) Cash And Cash Equivalents : ¥173.5 Mil (As of Mar. 2024)

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What is Anhui Xinli Finance Co Cash And Cash Equivalents?

Anhui Xinli Finance Co's quarterly cash and cash equivalents increased from Sep. 2023 (¥205.36 Mil) to Dec. 2023 (¥209.21 Mil) but then stayed the same from Dec. 2023 (¥209.21 Mil) to Mar. 2024 (¥173.46 Mil).

Anhui Xinli Finance Co's annual cash and cash equivalents increased from Dec. 2021 (¥207.99 Mil) to Dec. 2022 (¥211.05 Mil) but then declined from Dec. 2022 (¥211.05 Mil) to Dec. 2023 (¥209.21 Mil).

Anhui Xinli Finance Co Cash And Cash Equivalents Historical Data

The historical data trend for Anhui Xinli Finance 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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Anhui Xinli Finance Co Cash And Cash Equivalents Chart

Anhui Xinli Finance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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369.05

419.95

207.99

211.05

209.21

Anhui Xinli Finance 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															237.36	250.68	205.36	209.21	173.46

Anhui Xinli Finance 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.

Anhui Xinli Finance Co (SHSE:600318) 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.

Anhui Xinli Finance Co Cash And Cash Equivalents Related Terms

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Anhui Xinli Finance Co (SHSE:600318) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Anhui Xinli Finance Co Ltd (SHSE:600318) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

No. 269 Changjiang West Road, Chaohu, Anhui, CHN, 238001

Website

http://www.xinlitouzi.cn

Anhui Xinli Finance Co Ltd is focused on financial equity investment and asset management. The Group is positioned as a comprehensive financial enterprise featuring rural financial services and Internet finance. It has developed into a financial holding group that covers financial security, small loans, pawn shops, financial leasing, Internet finance (P2P), fund management, asset management and other seven financial institutions. Geographically operates the business through the region of China.

Executives

Dong Fei	Supervisors
Hong Zhi Cheng	senior management
Sun Fu Lai	senior management
Liu Yang	senior management
Zhang Yue	Supervisors
Xu Sheng Ming	Director
Qian Yuan Wen	Supervisors
Meng Qing Li	senior management
Zhong Gang	senior management
Xu Li Xin	Director

Anhui Xinli Finance Co (SHSE:600318) Headlines

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