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China XD Plastics Co's quarterly cash and cash equivalents increased from Jun. 2020 ($3.17 Mil) to Sep. 2020 ($7.60 Mil) and increased from Sep. 2020 ($7.60 Mil) to Dec. 2020 ($78.26 Mil).
China XD Plastics Co's annual cash and cash equivalents declined from Dec. 2018 ($41.30 Mil) to Dec. 2019 ($17.20 Mil) but then increased from Dec. 2019 ($17.20 Mil) to Dec. 2020 ($78.26 Mil).
The historical data trend for China XD Plastics Co'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.
China XD Plastics Co Annual Data | |||||||||||||||||||||
Trend | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | |||||||||||
Cash And Cash Equivalents | Get a 7-Day Free Trial | 168.09 | 190.39 | 41.30 | 17.20 | 78.26 |
China XD Plastics Co Quarterly Data | ||||||||||||||||||||
Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | |
Cash And Cash Equivalents | Get a 7-Day Free Trial | 17.20 | 12.21 | 3.17 | 7.60 | 78.26 |
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 XD Plastics Co (OTCPK:CXDC) 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.
Thank you for viewing the detailed overview of China XD Plastics Co's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
Dahe Zhang | director, officer: Chief Financial Officer | 500 5TH AVENUE, SUITE 4120, NEW YORK NY 10110 |
Jie Han | director, 10 percent owner, officer: Chief Executive Officer | NO 9 QINLING RD, YINGBIN RD, CENTRALIZED IND PARK, HARBIN DEVELP CTR HEILONGJIANG F4 150078 |
Qingwei Ma | officer: Chief Operating Officer | NO 9 QINLING RD, YINGBIN RD, CENTRALIZED IND PARK, HARBIN DEVELP CTR HEILONGJIANG F4 150078 |
Faith Dawn Ltd | 10 percent owner | NO. 9 DALIAN NORTH ROAD HAPING ROAD CENTRALIZED INDUSTRIAL PARK HEILONGJIANG PROVINCE F4 00000 |
Faith Abundant Ltd | 10 percent owner | NO. 9 DALIAN NORTH ROAD HAPING ROAD CENTRALIZED INDUSTRIAL PARK HEILONGJIANG PROVINCE F4 00000 |
Guanbao Huang | director | NO. 9 DALIAN N RD, HAPING RD CEN IND PK HARBIN DEVELOPMENT ZONE HEILONGJIANG PROVINCE F4 150060 |
Huiyi Chen | director | NO. 9 DALIAN N RD, HAPING RD CEN IND PK HARBIN DEVELOPMENT ZONE HEILONGJIANG PROVINCE F4 150060 |
Junjie Ma | officer: Chief Technology Officer | NO 9 QINLING RD, YINGBIN RD, CENTRALIZED IND PARK, HARBIN DEVELP CTR HEILONGJIANG F4 150078 |
North Haven Private Equity Asia Iii, L.p. | 10 percent owner, other: See Explanation of Responses | 1585 BROADWAY NEW YORK NY 10036 |
North Haven Private Equity Asia Employee Investors Iii, L.p. | 10 percent owner, other: See Explanation of Responses | 1585 BROADWAY NEW YORK NY 10036 |
Ms Holdings Inc | 10 percent owner, other: See Explanation of Responses | 1585 BROADWAY NEW YORK NY 10036 |
Morgan Stanley Private Equity Asia Iii Holdings (cayman) Ltd | 10 percent owner, other: See Explanation of Responses | C/O WALKERS CORPORATE SERVICES LIMITED WALKER HOUSE, 87 MARY STREET GEORGE TOWN, GRAND CAYMAN E9 KY1-9005 |
Morgan Stanley Private Equity Asia Iii, L.l.c. | 10 percent owner, other: See Explanation of Responses | 1585 BROADWAY NEW YORK NY 10036 |
Morgan Stanley Private Equity Asia Iii, Inc. | 10 percent owner, other: See Explanation of Responses | 1585 BROADWAY NEW YORK NY 10036 |
Mspea Modified Plastics Holding Ltd | 10 percent owner, other: See Explanation of Responses | C/O WALKERS CORPORATE SERVICES LIMITED WALKER HOUSE, 87 MARY STREET GEORGE TOWN, GRAND CAYMAN E9 KYI-9005 |
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