MeiG Smart Technology Co (SZSE:002881) Cash And Cash Equivalents : ¥508 Mil (As of Mar. 2024)

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What is MeiG Smart Technology Co Cash And Cash Equivalents?

MeiG Smart Technology Co's quarterly cash and cash equivalents declined from Sep. 2023 (¥255.59 Mil) to Dec. 2023 (¥148.51 Mil) but then increased from Dec. 2023 (¥148.51 Mil) to Mar. 2024 (¥507.86 Mil).

MeiG Smart Technology Co's annual cash and cash equivalents declined from Dec. 2021 (¥191.25 Mil) to Dec. 2022 (¥85.12 Mil) but then increased from Dec. 2022 (¥85.12 Mil) to Dec. 2023 (¥148.51 Mil).

MeiG Smart Technology Co Cash And Cash Equivalents Historical Data

The historical data trend for MeiG Smart Technology 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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MeiG Smart Technology Co Cash And Cash Equivalents Chart

MeiG Smart Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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155.67

217.75

191.25

85.12

148.51

MeiG Smart Technology 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															675.71	357.71	255.59	148.51	507.86

MeiG Smart Technology 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.

MeiG Smart Technology Co (SZSE:002881) 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.

MeiG Smart Technology Co Cash And Cash Equivalents Related Terms

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MeiG Smart Technology Co (SZSE:002881) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MeiG Smart Technology Co Ltd (SZSE:002881) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

No.5 Lingxia Road, Fenghuang Fourth Industrial Zone, Fuyong Street, Baoan District, No.1, 2nd Floor, 3rd Floor, Building A, Building B, Guangdong Province, Shenzhen, CHN, 518103

Website

http://www.meigsmart.com

MeiG Smart Technology Co Ltd is the communications equipment manufacturing company. Its core business is the development and production of IoT smart terminals, wireless communication modules (M2M) and intelligent hardware as well as precision mold development and production and sales of precision components. The company's IoT smart terminals, LTE module products and wireless data solutions applied in the fields of mobile payment, car networking, security, industrial routing, consumer electronics, smart power, smart meter reading, intelligent terminals, and item tracking. application.

Executives

Ning Huan	Supervisors
Ning Jian	Supervisors
Chen Yue Liang	Secretary, Director

MeiG Smart Technology Co (SZSE:002881) Headlines

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