China Yongda Automobiles Services Holdings (China Yongda Automobiles Services Holdings) Cash, Cash Equivalents, Marketable Securities : $262 Mil (As of Jun. 2023)

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What is China Yongda Automobiles Services Holdings Cash, Cash Equivalents, Marketable Securities?

China Yongda Automobiles Services Holdings's quarterly cash, cash equivalents, marketable securities declined from Jun. 2022 ($551.80 Mil) to Dec. 2022 ($360.69 Mil) but then stayed the same from Dec. 2022 ($360.69 Mil) to Jun. 2023 ($262.35 Mil).

China Yongda Automobiles Services Holdings's annual cash, cash equivalents, marketable securities declined from Dec. 2020 ($587.30 Mil) to Dec. 2021 ($367.82 Mil) and declined from Dec. 2021 ($367.82 Mil) to Dec. 2022 ($360.69 Mil).

China Yongda Automobiles Services Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for China Yongda Automobiles Services Holdings'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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China Yongda Automobiles Services Holdings Cash, Cash Equivalents, Marketable Securities Chart

China Yongda Automobiles Services Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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382.71

587.30

367.82

360.69

314.37

China Yongda Automobiles Services Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															367.82	551.80	360.69	262.35	314.37

China Yongda Automobiles Services Holdings 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.

China Yongda Automobiles Services Holdings (OTCPK:CYYHF) 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.

China Yongda Automobiles Services Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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China Yongda Automobiles Services Holdings (China Yongda Automobiles Services Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Yongda Automobiles Services Holdings Ltd (OTCPK:CYYHF) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

03669:Hong Kong 1CY:Germany

Address

The Center, 99 Queen’s Road Central, Unit 5708, 57th Floor, Central, Hong Kong, HKG

Website

http://www.ydauto.com.cn

China Yongda Automobiles Services Holdings Ltd is a Chinese company involved in automobile sales service, automobile finance, and automobile rental. The company's reportable segments are as follows, 1) Passenger vehicle sales and services which includes the sale of passenger vehicles and provision of after-sales services, including repair and maintenance services, certain auxiliary passenger vehicles sales-related services and provision of other passenger vehicles-related services; and 2) Automobile operating lease services. The majority of the company's revenue is earned through the Passenger vehicle sales and services segment.