Hwaxin Environmental Co (SZSE:301265) Cash And Cash Equivalents : ¥926.7 Mil (As of Mar. 2024)

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What is Hwaxin Environmental Co Cash And Cash Equivalents?

Hwaxin Environmental Co's quarterly cash and cash equivalents increased from Sep. 2023 (¥962.75 Mil) to Dec. 2023 (¥991.30 Mil) but then stayed the same from Dec. 2023 (¥991.30 Mil) to Mar. 2024 (¥926.74 Mil).

Hwaxin Environmental Co's annual cash and cash equivalents increased from Dec. 2021 (¥245.95 Mil) to Dec. 2022 (¥1,158.39 Mil) but then declined from Dec. 2022 (¥1,158.39 Mil) to Dec. 2023 (¥991.30 Mil).

Hwaxin Environmental Co Cash And Cash Equivalents Historical Data

The historical data trend for Hwaxin Environmental 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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Hwaxin Environmental Co Cash And Cash Equivalents Chart

Hwaxin Environmental Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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144.78

202.78

245.95

1,158.39

991.30

Hwaxin Environmental Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial													838.88	1,025.13	962.75	991.30	926.74

Hwaxin Environmental 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.

Hwaxin Environmental Co (SZSE:301265) 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.

Hwaxin Environmental Co Cash And Cash Equivalents Related Terms

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Hwaxin Environmental Co (SZSE:301265) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Hwaxin Environmental Co Ltd (SZSE:301265) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

No. 3-9, No. 4, Jingsheng North 1st Street, Jinqiao Science and Technology Industrial Base, Tongzhou Park, Zhongguancun Science and Technology, Tongzhou District, Beijing, CHN, 101102

Website

http://www.hxepd.com

Hwaxin Environmental Co Ltd is a high-tech environmental protection enterprise specializing in the recycling and disposal of solid waste. Its main business includes electronic waste dismantling, scrapped motor vehicle dismantling, waste electronic equipment recycling Utilization and disposal of hazardous waste and others.

Hwaxin Environmental Co (SZSE:301265) Headlines

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