Changjiang & Jinggong Steel Building (Group) Co (SHSE:600496) Cash, Cash Equivalents, Marketable Securities : ¥4,879 Mil (As of Mar. 2024)

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What is Changjiang & Jinggong Steel Building (Group) Co Cash, Cash Equivalents, Marketable Securities?

Changjiang & Jinggong Steel Building (Group) Co's quarterly cash, cash equivalents, marketable securities increased from Sep. 2023 (¥3,375.77 Mil) to Dec. 2023 (¥4,578.25 Mil) and increased from Dec. 2023 (¥4,578.25 Mil) to Mar. 2024 (¥4,879.21 Mil).

Changjiang & Jinggong Steel Building (Group) Co's annual cash, cash equivalents, marketable securities increased from Dec. 2021 (¥2,766.20 Mil) to Dec. 2022 (¥4,444.09 Mil) and increased from Dec. 2022 (¥4,444.09 Mil) to Dec. 2023 (¥4,578.25 Mil).

Changjiang & Jinggong Steel Building (Group) Co Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Changjiang & Jinggong Steel Building (Group) Co's Cash, Cash Equivalents, Marketable Securities 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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Changjiang & Jinggong Steel Building (Group) Co Cash, Cash Equivalents, Marketable Securities Chart

Changjiang & Jinggong Steel Building (Group) Co Annual Data

Trend

Dec14

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Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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2,035.43

3,135.52

2,766.20

4,444.09

4,578.25

Changjiang & Jinggong Steel Building (Group) Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															3,594.17	3,874.79	3,375.77	4,578.25	4,879.21

Changjiang & Jinggong Steel Building (Group) Co Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Changjiang & Jinggong Steel Building (Group) Co (SHSE:600496) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Changjiang & Jinggong Steel Building (Group) Co Cash, Cash Equivalents, Marketable Securities Related Terms

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Changjiang & Jinggong Steel Building (Group) Co (SHSE:600496) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Changjiang & Jinggong Steel Building (Group) Co Ltd (SHSE:600496) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

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Address

Chang Jiang Jing Gong Industrial Park, Economic and Technological Development Zone, Anhui, Liu'an, CHN, 237161

Website

http://www.600496.com

Changjiang & Jinggong Steel Building (Group) Co Ltd is a China-based company engaged in the design, production, construction, and engineering services of steel construction and enclosure system. Its main products include light steel structures, space large span steel structures, high-rise steel structures, envelope systems and fasteners, as well as curtain wall systems. The company mainly operates its businesses in the domestic and overseas markets.

Executives

Fang Chao Yang	Director
Zhang Xiao Ying	senior management
Shen Yue Hua	senior management
Qiu Jian Hua	senior management
Chen Shui Fu	senior management
Chen Guo Dong	senior management
Sun Guan Fu	Director
Yan Hong	Director
Qian Wei Jun	Director
Lou Bao Liang	senior management

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