Changhong Meiling Co (SZSE:000521) Cash And Cash Equivalents : ¥7,922 Mil (As of Mar. 2024)

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What is Changhong Meiling Co Cash And Cash Equivalents?

Changhong Meiling Co's quarterly cash and cash equivalents increased from Sep. 2023 (¥8,646.01 Mil) to Dec. 2023 (¥8,840.69 Mil) but then stayed the same from Dec. 2023 (¥8,840.69 Mil) to Mar. 2024 (¥7,922.08 Mil).

Changhong Meiling Co's annual cash and cash equivalents increased from Dec. 2021 (¥5,938.82 Mil) to Dec. 2022 (¥6,839.42 Mil) and increased from Dec. 2022 (¥6,839.42 Mil) to Dec. 2023 (¥8,840.69 Mil).

Changhong Meiling Co Cash And Cash Equivalents Historical Data

The historical data trend for Changhong Meiling 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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Changhong Meiling Co Cash And Cash Equivalents Chart

Changhong Meiling Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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5,499.60

6,594.79

5,938.82

6,839.42

8,840.69

Changhong Meiling 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															5,853.93	7,887.24	8,646.01	8,840.69	7,922.08

Changhong Meiling 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.

Changhong Meiling Co (SZSE:000521) 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.

Changhong Meiling Co Cash And Cash Equivalents Related Terms

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Changhong Meiling Co (SZSE:000521) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Changhong Meiling Co Ltd (SZSE:000521) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

200521:China

Address

No. 2163, Lianhua Road, Economic and technology Development Zone, Hefei, Anhui, CHN, 230601

Website

http://www.meiling.com

Changhong Meiling Co Ltd functions in the consumer electronic industry of China. Its product portfolio comprises of refrigerators, air conditioners, washing machines and other household appliances. Hefei Meiling conducts its operations through five segments; Air-conditioning, Refrigerator & freezer & washing machine, Marketing, Small home appliance and Others. The company's washing machine varieties include fully automatic, roller and double barrel and the air conditioning products range include Guiji and Goodbye.

Executives

Tang You Dao	Executives
Li Xia	Secretary Dong
Zhong Ming	Directors, executives
Li Wei	Director
Wu Ding Gang	Directors, executives
Zhang Xiao Long	Executives
Liao Tao	Executives
Shang Wen	Supervisors
Kou Hua Meng	Director
Deng Xiao Hui	Executives
Wang Ying Min	Executives
Wang Yong	Director
Liu Ti Bin	Director

Changhong Meiling Co (SZSE:000521) Headlines

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