Jiangxi Geto New Materials (SZSE:300986) Cash, Cash Equivalents, Marketable Securities

: ¥697 Mil (As of Sep. 2023)

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Jiangxi Geto New Materials's quarterly cash, cash equivalents, marketable securities increased from Mar. 2023 (¥299.79 Mil) to Jun. 2023 (¥755.92 Mil) but then stayed the same from Jun. 2023 (¥755.92 Mil) to Sep. 2023 (¥697.10 Mil).

Jiangxi Geto New Materials's annual cash, cash equivalents, marketable securities declined from Dec. 2020 (¥228.07 Mil) to Dec. 2021 (¥216.81 Mil) but then increased from Dec. 2021 (¥216.81 Mil) to Dec. 2022 (¥235.79 Mil).

Jiangxi Geto New Materials Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Jiangxi Geto New Materials'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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Jiangxi Geto New Materials Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash, Cash Equivalents, Marketable Securities

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23.91

63.64

228.07

216.81

235.79

Jiangxi Geto New Materials Quarterly Data
	Dec17	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															286.39	235.79	299.79	755.92	697.10

Jiangxi Geto New Materials 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.

Jiangxi Geto New Materials (SZSE:300986) 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.

Jiangxi Geto New Materials Cash, Cash Equivalents, Marketable Securities Related Terms

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Jiangxi Geto New Materials (SZSE:300986) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Jiangxi Geto New Materials Corp Ltd (SZSE:300986) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

Guangchang Industrial Park, Guangchang County, Jiangxi Province, Fuzhou, CHN, 344900

Website

http://www.geto.com.cn

Jiangxi Geto New Materials Corp Ltd is engaged in the research and development, design, production, sales, lease and corresponding technical guidance of the architectural aluminum mold system. It focuses on aluminum molds, climbing frames, public buildings, and prefabricated building systems.

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