Huadi International Group Co (Huadi International Group Co) Cash, Cash Equivalents, Marketable Securities : $20.19 Mil (As of Sep. 2023)

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What is Huadi International Group Co Cash, Cash Equivalents, Marketable Securities?

Huadi International Group Co's quarterly cash, cash equivalents, marketable securities increased from Sep. 2022 ($13.20 Mil) to Mar. 2023 ($19.76 Mil) and increased from Mar. 2023 ($19.76 Mil) to Sep. 2023 ($20.19 Mil).

Huadi International Group Co's annual cash, cash equivalents, marketable securities declined from Sep. 2021 ($15.35 Mil) to Sep. 2022 ($13.20 Mil) but then increased from Sep. 2022 ($13.20 Mil) to Sep. 2023 ($20.19 Mil).

Huadi International Group Co Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Huadi International 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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Huadi International Group Co Cash, Cash Equivalents, Marketable Securities Chart

Huadi International Group Co Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash, Cash Equivalents, Marketable Securities

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1.06

0.80

15.35

13.20

20.19

Huadi International Group Co Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial						15.35	16.85	13.20	19.76	20.19

Huadi International 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.

Huadi International Group Co (NAS:HUDI) 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.

Huadi International Group Co Cash, Cash Equivalents, Marketable Securities Related Terms

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Huadi International Group Co (Huadi International Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Huadi International Group Co Ltd (NAS:HUDI) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

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Address

No.1688 Tianzhong Street, Longwan District, Zhejiang Province, Wenzhou, CHN, 325025

Website

http://www.huadigroup.com

Huadi International Group Co Ltd is a manufacturer of industrial stainless steel seamless pipes and tubes products. Its products are used in the oil & gas transmission, chemistry engineering, food processing, medical devices, aeronautics and astronautics, boiler, irrigation works construction, automobile and naval architecture, paper mill and mechanical industries. Products are exported to the United States, Mexico, Thailand, Australia, Argentina, Taiwan, India, the Philippines, UAE and Canada. Geographically, majority revenue is generated from China.