Kingold Jewelry (Kingold Jewelry) Cash And Cash Equivalents : $1 Mil (As of Sep. 2019)

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What is Kingold Jewelry Cash And Cash Equivalents?

Kingold Jewelry's quarterly cash and cash equivalents increased from Mar. 2019 ($0.93 Mil) to Jun. 2019 ($114.72 Mil) but then stayed the same from Jun. 2019 ($114.72 Mil) to Sep. 2019 ($0.65 Mil).

Kingold Jewelry's annual cash and cash equivalents declined from Dec. 2016 ($21.33 Mil) to Dec. 2017 ($5.00 Mil) and declined from Dec. 2017 ($5.00 Mil) to Dec. 2018 ($0.23 Mil).

Kingold Jewelry Cash And Cash Equivalents Historical Data

The historical data trend for Kingold Jewelry'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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Kingold Jewelry Cash And Cash Equivalents Chart

Kingold Jewelry Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Cash And Cash Equivalents

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1.33

3.10

21.33

5.00

0.23

Kingold Jewelry Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Cash And Cash Equivalents	Get a 7-Day Free Trial															13.25	0.23	0.93	114.72	0.65

Kingold Jewelry 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.

Kingold Jewelry (GREY:KGJI) 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.

Kingold Jewelry Cash And Cash Equivalents Related Terms

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Kingold Jewelry (Kingold Jewelry) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Kingold Jewelry Inc (GREY:KGJI) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

No. 8 Han Huang Road, Jiang'an District, Hubei Province, 15 Huangpu Science & Technology Park, Wuhan, CHN, 430023

Website

http://www.kingoldjewelry.com

Kingold Jewelry Inc designs and manufactures 24-karat gold jewelry and Chinese ornaments. The company along with its subsidiaries develops markets and sells products including gold necklaces, rings, earrings, bracelets, and pendants to the jewelry market in China. The company also sells gold bars and coins and other products through various banks in China. It derives most of its revenues from the sales of 24-karat jewelry and Chinese ornaments and from design and processing fees.

Executives