FinVolution Group (FinVolution Group) Cash And Cash Equivalents : $696 Mil (As of Dec. 2023)

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What is FinVolution Group Cash And Cash Equivalents?

FinVolution Group's quarterly cash and cash equivalents increased from Jun. 2023 ($659.78 Mil) to Sep. 2023 ($781.15 Mil) but then stayed the same from Sep. 2023 ($781.15 Mil) to Dec. 2023 ($695.96 Mil).

FinVolution Group's annual cash and cash equivalents declined from Dec. 2021 ($693.66 Mil) to Dec. 2022 ($521.59 Mil) but then increased from Dec. 2022 ($521.59 Mil) to Dec. 2023 ($695.96 Mil).

FinVolution Group Cash And Cash Equivalents Historical Data

The historical data trend for FinVolution 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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FinVolution Group Cash And Cash Equivalents Chart

FinVolution Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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331.43

402.52

693.66

521.59

695.96

FinVolution Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															521.59	737.75	659.78	781.15	695.96

FinVolution 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.

FinVolution Group (NYSE:FINV) 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.

FinVolution Group Cash And Cash Equivalents Related Terms

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FinVolution Group (FinVolution Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » FinVolution Group (NYSE:FINV) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

PP3:Germany

Address

No. 999 Dangui Road, Building G1, Pudong New District, Shanghai, CHN, 201203

Website

https://www.finvgroup.com

FinVolution Group is a provider of online consumer finance in China. It offers various loan products, making financial services available to borrowers anytime, anywhere; designs a loan transaction process, and offers Tailored risk-based pricing. It offers short-term loans to borrowers to meet immediate credit needs while allowing them to gradually establish their credit history through activities on the company's platform. The company provides investors with an opportunity to invest in emerging asset class-consumer loans through a variety of investment options. It generates revenues from fees charged to borrowers. The Group's long-lived assets are located in the PRC and its revenues are derived from within the PRC.