China Petroleum & Chemical (BSP:C1HI34) Cash And Cash Equivalents : R$86,938 Mil (As of Sep. 2023)

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What is China Petroleum & Chemical Cash And Cash Equivalents?

China Petroleum & Chemical's quarterly cash and cash equivalents declined from Mar. 2023 (R$77,049.25 Mil) to Jun. 2023 (R$64,301.66 Mil) but then increased from Jun. 2023 (R$64,301.66 Mil) to Sep. 2023 (R$86,938.01 Mil).

China Petroleum & Chemical's annual cash and cash equivalents increased from Dec. 2020 (R$68,885.78 Mil) to Dec. 2021 (R$96,410.22 Mil) but then declined from Dec. 2021 (R$96,410.22 Mil) to Dec. 2022 (R$70,301.32 Mil).

China Petroleum & Chemical Cash And Cash Equivalents Historical Data

The historical data trend for China Petroleum & Chemical'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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China Petroleum & Chemical Cash And Cash Equivalents Chart

China Petroleum & Chemical Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

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63,140.16

35,369.03

68,885.78

96,410.22

70,301.32

China Petroleum & Chemical Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial															94,569.31	70,301.32	77,049.25	64,301.66	86,938.01

China Petroleum & Chemical 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.

China Petroleum & Chemical (BSP:C1HI34) 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.

China Petroleum & Chemical Cash And Cash Equivalents Related Terms

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China Petroleum & Chemical (BSP:C1HI34) Business Description

Industry

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Traded in Other Exchanges

SNPMF:USA 00386:Hong Kong CHU:Germany 600028:China

Address

No. 22 Chaoyangmen North Street, Chaoyang District, Beijing, CHN, 100728

Website

http://www.sinopec.com

China Petroleum & Chemical, or Sinopec, is one of China's national oil companies and one of Asian's largest integrated oil companies in terms of revenue. Its income is derived primarily from refining and marketing of oil products and petrochemical production. Sinopec has China's largest petrol station network with over 30,000 stations and enjoys significant market share in petrochemicals. Established in 2000 by China Petrochemical Corporation, a state-owned enterprise and majority shareholder, the company also owns oil and gas assets in Shandong and Sichuan provinces. It has a smaller global upstream presence than peers PetroChina and CNOOC. In 2022, Sinopec's production of oil and gas equivalent was 488.99 million barrels. The firm also processed 242 million metric tons of crude oil.

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