Planet Green Holdings (Planet Green Holdings) Cash And Cash Equivalents : $0.44 Mil (As of Dec. 2023)

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What is Planet Green Holdings Cash And Cash Equivalents?

Planet Green Holdings's quarterly cash and cash equivalents declined from Jun. 2023 ($0.71 Mil) to Sep. 2023 ($0.31 Mil) but then increased from Sep. 2023 ($0.31 Mil) to Dec. 2023 ($0.44 Mil).

Planet Green Holdings's annual cash and cash equivalents declined from Dec. 2021 ($0.75 Mil) to Dec. 2022 ($0.09 Mil) but then increased from Dec. 2022 ($0.09 Mil) to Dec. 2023 ($0.44 Mil).

Planet Green Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Planet Green 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.

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Planet Green Holdings Cash And Cash Equivalents Chart

Planet Green Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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7.27

3.42

0.75

0.09

0.44

Planet Green Holdings 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															0.09	0.22	0.71	0.31	0.44

Planet Green 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.

Planet Green Holdings (AMEX:PLAG) 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.

Planet Green Holdings Cash And Cash Equivalents Related Terms

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Planet Green Holdings (Planet Green Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Planet Green Holdings Corp (AMEX:PLAG) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

130-30 31st Avenue, Suite 512, Flushing, NY, USA, 11354

Website

https://www.planetgreenholdings.com

Planet Green Holdings Corp is a diversified technology and consumer products company with a presence in North America and China engaged in Chemical Products, Tea Products, and Online Advertising Services. The company operates in three segments namely to grow, produce and distribute Cyan brick tea, black tea, and green tea in China; to research, develop, manufacture, and sell chemical products including formaldehyde, urea formaldehyde adhesive, methylal, ethanol fuel, fuel additives and clean fuel in China; and to develop and operate a demand-side platform which empowers buyers of advertising to manage and optimize their digital advertising across different real-time bidding networks in North America and China.

Executives

Xiangtian Aerodynamic Electricity Ltd.	10 percent owner	FLOOR 18, DONGHOU TOWER, AIGUO ROAD, LUOHU DISTRICT, SHENZHEN F4 518128
Bin Zhou	director	SUITE 901 BUILDING 6 NO. 1678, JINSHAJIANG ROAD, PUTUO DISTRICT F4 200000
Yang Cao	director	9841 WASHINGTONIAN BLVD, SUITE 200, GAITHERSBURG MD 20878
King Fai Leung	director	SUITE 901, BUILDING 6, NO. 1678, JINSHAJIANG ROAD, PUTUO DISTRICT, SHANGHAI F4 200333
Lili Hu	officer: Chief Financial Officer	BEIHUANZHONG ROAD JUNAN COUNTY, SHANDONG F4 276600
Daqi Cui	officer: Chief Operating Officer	BEIHUANZHONG ROAD JUNAN COUNTY, SHANDONG F4 276600
Chao Chen	director	SUITE 901 BLDG 6 NO 1678, JINSHAJIANG ROAD, SHANGHAI F4 100006
Hongxiang Yu	director, officer: CEO	BEIHUANZHONG ROAD JUNAN COUNTY, SHANDONG F4 276600
Yimin Jin	director, officer: Chief Strategy Officer	BEIHUANZHONG JUNAN COURT, SHANDONG F4 276600
Yu Li	officer: CFO	BEIHUANZHONG ROAD, JUNAN COURT, SHANDONG F4 276600
Yilei Shao	director	BEIHUANZHONG ROAD JUNAN COURT, SHANDONG F4 276600
Yuguo Zhang	director	BEIHUANZHONG ROAD JUNAN COUNTY, SHANDONG F4 276600
Guangming Fang	director	BEIHUANZHONG ROAD JUNAN COURT, SHANDONG F4 276600
Fw	10 percent owner	PALMENGARTENSTRASSE, 5-9, FRANKFURT AM MAIN 2M 60325
Deg - Deutsche Investitions- Und Entwicklungsgesellschaft Mbh	10 percent owner	KAMMERGASSE 22, KOLN 2M 50676