Fangdd Network Group (Fangdd Network Group) Cash And Cash Equivalents

: $17.05 Mil (As of Dec. 2023)

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Fangdd Network Group's quarterly cash and cash equivalents declined from Dec. 2022 ($20.65 Mil) to Jun. 2023 ($18.26 Mil) but then stayed the same from Jun. 2023 ($18.26 Mil) to Dec. 2023 ($17.05 Mil).

Fangdd Network Group's annual cash and cash equivalents declined from Dec. 2021 ($77.26 Mil) to Dec. 2022 ($20.65 Mil) and declined from Dec. 2022 ($20.65 Mil) to Dec. 2023 ($17.05 Mil).

Fangdd Network Group Cash And Cash Equivalents Historical Data

The historical data trend for Fangdd Network Group'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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Fangdd Network Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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157.37

128.98

77.26

20.65

17.05

Fangdd Network Group Quarterly Data
	Dec17	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															77.26	35.73	20.65	18.26	17.05

Fangdd Network Group 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.

Fangdd Network Group (NAS:DUO) 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.

Fangdd Network Group Cash And Cash Equivalents Related Terms

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Fangdd Network Group (Fangdd Network Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Fangdd Network Group Ltd (NAS:DUO) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

15 Keyuan Road, Technology Park, Room 602, Unit B4, Kexing Science Park, Nanshan District, Shenzhen, CHN, 518057

Website

https://www.fangdd.com

Fangdd Network Group Ltd is an investment holding company. Through its subsidiaries, It is engaged in the provision of real estate information services through its online platform which also offers integrated marketing services for individual customers, real estate developers, and agents in China. Its SaaS-based solutions help real estate agents to connect with essential business resources, including customers, property listings, capital, and transaction data. The company generates the majority of its revenue from Base commission from transactions in China.