Winall Hi-tech Seed Co (SZSE:300087) Cash And Cash Equivalents : ¥1,126 Mil (As of Mar. 2024)

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What is Winall Hi-tech Seed Co Cash And Cash Equivalents?

Winall Hi-tech Seed Co's quarterly cash and cash equivalents increased from Sep. 2023 (¥1,514.74 Mil) to Dec. 2023 (¥1,530.83 Mil) but then stayed the same from Dec. 2023 (¥1,530.83 Mil) to Mar. 2024 (¥1,125.70 Mil).

Winall Hi-tech Seed Co's annual cash and cash equivalents increased from Dec. 2021 (¥878.84 Mil) to Dec. 2022 (¥1,355.41 Mil) and increased from Dec. 2022 (¥1,355.41 Mil) to Dec. 2023 (¥1,530.83 Mil).

Winall Hi-tech Seed Co Cash And Cash Equivalents Historical Data

The historical data trend for Winall Hi-tech Seed 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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Winall Hi-tech Seed Co Cash And Cash Equivalents Chart

Winall Hi-tech Seed Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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280.41

437.52

878.84

1,355.41

1,530.83

Winall Hi-tech Seed 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															1,143.48	971.47	1,514.74	1,530.83	1,125.70

Winall Hi-tech Seed 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.

Winall Hi-tech Seed Co (SZSE:300087) 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.

Winall Hi-tech Seed Co Cash And Cash Equivalents Related Terms

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Winall Hi-tech Seed Co (SZSE:300087) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Winall Hi-tech Seed Co Ltd (SZSE:300087) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

Tian Chi Road, Hefei High-tech Industrial Development Zone No 3, Hefei, CHN, 230088

Website

http://www.winallseed.com

Winall Hi-tech Seed Co Ltd is a seed company. It is engaged in the breeding of various crop seeds in China. The company produces hybrid rice varieties from double cropping; and three-line two-line hybrid rice varieties, as well as corn, wheat, cottonseed oil, vegetables, west melon, pumpkin, and other crop seeds.

Executives

Zhang Qin	Directors, executives
Jiang San Qiao	Executives
Zhang Cong He	Executives
Zhu Quan Gui	Executives
Gao Sheng Cong	Executives
Jia Gui Lan	Director
Chen Jin Jie	Director
Wang Jin	Directors, executives
Feng Qi	Supervisors
Xu Wen Jian	Director
Gao Jian	Director
Wang Qun	Executives
Li Cheng Quan	Director
Jiang Xiao Min	Supervisors

Winall Hi-tech Seed Co (SZSE:300087) Headlines

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