Shinkong Synthetic Fiber (TPE:1409) Cash And Cash Equivalents : NT$11,662 Mil (As of Mar. 2024)

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What is Shinkong Synthetic Fiber Cash And Cash Equivalents?

Shinkong Synthetic Fiber's quarterly cash and cash equivalents increased from Sep. 2023 (NT$9,576.96 Mil) to Dec. 2023 (NT$10,499.32 Mil) and increased from Dec. 2023 (NT$10,499.32 Mil) to Mar. 2024 (NT$11,662.04 Mil).

Shinkong Synthetic Fiber's annual cash and cash equivalents increased from Dec. 2021 (NT$10,284.29 Mil) to Dec. 2022 (NT$11,189.94 Mil) but then declined from Dec. 2022 (NT$11,189.94 Mil) to Dec. 2023 (NT$10,499.32 Mil).

Shinkong Synthetic Fiber Cash And Cash Equivalents Historical Data

The historical data trend for Shinkong Synthetic Fiber'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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Shinkong Synthetic Fiber Cash And Cash Equivalents Chart

Shinkong Synthetic Fiber Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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10,695.63

11,871.71

10,284.29

11,189.94

10,499.32

Shinkong Synthetic Fiber 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															10,105.24	10,471.41	9,576.96	10,499.32	11,662.04

Shinkong Synthetic Fiber 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.

Shinkong Synthetic Fiber (TPE:1409) 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.

Shinkong Synthetic Fiber Cash And Cash Equivalents Related Terms

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Shinkong Synthetic Fiber (TPE:1409) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shinkong Synthetic Fiber Corp (TPE:1409) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

No. 136, Ren Ai Road, Section 3, Lotus Building, 5th Floor, Da An District, Taipei, TWN, 10657

Website

http://www.shinkong.com.tw

Shinkong Synthetic Fiber Corp is a Taiwan-based company that is principally engaged in the production and distribution of chemical fiber products and plastic products. The company's chemical fiber products include polyester staple fibers, polyester filaments, industrial yarn, draw textured yarn, and others. The plastic products consist of polyester resin, bottle grade resin, PET bottle preforms, PET bottles, Engineering polymers, and PE sheets. The company generates the majority of its total revenue from chemical fiber products and plastic products. The company mainly conducts operations in Asia and Europe and generates the majority of its total revenue from the Asia market.

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