China Yongda Automobiles Services Holdings (HKSE:03669) Cash And Cash Equivalents

: HK$2,518 Mil (As of Dec. 2022)

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China Yongda Automobiles Services Holdings's quarterly cash and cash equivalents increased from Dec. 2021 (HK$2,855.69 Mil) to Jun. 2022 (HK$4,318.21 Mil) but then stayed the same from Jun. 2022 (HK$4,318.21 Mil) to Dec. 2022 (HK$2,517.76 Mil).

China Yongda Automobiles Services Holdings's annual cash and cash equivalents declined from Dec. 2020 (HK$3,763.52 Mil) to Dec. 2021 (HK$2,855.69 Mil) and declined from Dec. 2021 (HK$2,855.69 Mil) to Dec. 2022 (HK$2,517.76 Mil).

China Yongda Automobiles Services Holdings Cash And Cash Equivalents Historical Data

The historical data trend for China Yongda Automobiles Services Holdings'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.

* Premium members only.

China Yongda Automobiles Services Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

2,582.17

2,627.53

3,763.52

2,855.69

2,517.76

China Yongda Automobiles Services Holdings Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Cash And Cash Equivalents																3,763.52	4,702.53	2,855.69	4,318.21	2,517.76

China Yongda Automobiles Services Holdings 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 Yongda Automobiles Services Holdings (HKSE:03669) 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 Yongda Automobiles Services Holdings Cash And Cash Equivalents Related Terms

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China Yongda Automobiles Services Holdings (HKSE:03669) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Yongda Automobiles Services Holdings Ltd (HKSE:03669) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

CYYHF:USA 1CY:Germany

Address

299 Ruijin Nan Road, Huangpu District, Shanghai, CHN, 200023

Website

http://www.ydauto.com.cn

China Yongda Automobiles Services Holdings is a Chinese company involved in automobile sales service, automobile finance, and automobile rental. The company has four segments: new passenger vehicle sales, repair and maintenance services, automobile extension products and services, automobile finance and insurance product agency services, pre-owned vehicles, automobile rental services, and financial leasing and small loan services. The auto sales service sells luxury automobiles like Bentley, BMW, Audi, Lincoln, Infiniti, Porsche, Jaguar Land Rover, AstonMartin, and Cadillac.

China Yongda Automobiles Services Holdings (HKSE:03669) Headlines

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