China Security Co (SHSE:600654) Cash And Cash Equivalents : ¥737 Mil (As of Dec. 2023)

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What is China Security Co Cash And Cash Equivalents?

China Security Co's quarterly cash and cash equivalents increased from Jun. 2023 (¥696.85 Mil) to Sep. 2023 (¥716.30 Mil) and increased from Sep. 2023 (¥716.30 Mil) to Dec. 2023 (¥737.41 Mil).

China Security Co's annual cash and cash equivalents increased from Dec. 2021 (¥507.44 Mil) to Dec. 2022 (¥1,136.66 Mil) but then declined from Dec. 2022 (¥1,136.66 Mil) to Dec. 2023 (¥737.41 Mil).

China Security Co Cash And Cash Equivalents Historical Data

The historical data trend for China Security Co'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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China Security Co Cash And Cash Equivalents Chart

China Security Co Annual Data

Trend

Dec14

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Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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572.51

502.47

507.44

1,136.66

737.41

China Security Co 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															1,136.66	795.09	696.85	716.30	737.41

China Security Co 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 Security Co (SHSE:600654) 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 Security Co Cash And Cash Equivalents Related Terms

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China Security Co (SHSE:600654) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » China Security Co Ltd (SHSE:600654) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

No.2, South Road, 17th Floor, Block C, Rongke Information Center, Haidian District, Beijing, CHN, 100190

Website

http://www.600654.com

China Security Co Ltd is a professional smart city system integrator and comprehensive security service provider in China. It is involved in system integration and product manufacture. Its domestic business includes Public Safety, Smart Living, Smart Industry, and Smart Integration. Its international business includes Cash Logistics Management, Property Security Service, Electronic Security Service, Guard Security Services, Facility Management Service, and Extended Security Services.

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