Zenner Metering Technology (Shanghai) (SZSE:301303) Cash And Cash Equivalents : ¥212 Mil (As of Mar. 2024)

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What is Zenner Metering Technology (Shanghai) Cash And Cash Equivalents?

Zenner Metering Technology (Shanghai)'s quarterly cash and cash equivalents declined from Sep. 2023 (¥265.78 Mil) to Dec. 2023 (¥191.65 Mil) but then increased from Dec. 2023 (¥191.65 Mil) to Mar. 2024 (¥211.62 Mil).

Zenner Metering Technology (Shanghai)'s annual cash and cash equivalents increased from Dec. 2021 (¥123.22 Mil) to Dec. 2022 (¥154.69 Mil) and increased from Dec. 2022 (¥154.69 Mil) to Dec. 2023 (¥191.65 Mil).

Zenner Metering Technology (Shanghai) Cash And Cash Equivalents Historical Data

The historical data trend for Zenner Metering Technology (Shanghai)'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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Zenner Metering Technology (Shanghai) Cash And Cash Equivalents Chart

Zenner Metering Technology (Shanghai) Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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27.86

59.48

123.22

154.69

191.65

Zenner Metering Technology (Shanghai) Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial											99.89	232.22	265.78	191.65	211.62

Zenner Metering Technology (Shanghai) 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.

Zenner Metering Technology (Shanghai) (SZSE:301303) 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.

Zenner Metering Technology (Shanghai) Cash And Cash Equivalents Related Terms

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Zenner Metering Technology (Shanghai) (SZSE:301303) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zenner Metering Technology (Shanghai) Ltd (SZSE:301303) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

No. 6558 Yinggang East Road, Building 4, Qingpu District, Shanghai, CHN, 201703

Website

https://www.zenner-metering.com

Zenner Metering Technology (Shanghai) Ltd is engaged in the research and development, manufacture and sales of gas metering instruments and supporting products. The main products are wide-range series civil membrane gas meters and industrial and commercial membrane gas meters, NB-IoT IoT gas meters, wireless remote transmission gas meters, IC card smart gas meters, ultrasonic gas meters, ultrasonic flow meters, smart gas waist wheels Flow meter & turbine flow meter, IoT intelligent controller, bellows, ATM self-service payment system, Bluetooth smart card and iGasLink smart gas information cloud platform based on cloud service.

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