Star Lake Bioscience Co (SHSE:600866) Cash And Cash Equivalents : ¥1,053 Mil (As of Mar. 2024)

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What is Star Lake Bioscience Co Cash And Cash Equivalents?

Star Lake Bioscience Co's quarterly cash and cash equivalents increased from Sep. 2023 (¥931.92 Mil) to Dec. 2023 (¥1,418.54 Mil) but then stayed the same from Dec. 2023 (¥1,418.54 Mil) to Mar. 2024 (¥1,053.43 Mil).

Star Lake Bioscience Co's annual cash and cash equivalents declined from Dec. 2021 (¥1,227.33 Mil) to Dec. 2022 (¥1,067.61 Mil) but then increased from Dec. 2022 (¥1,067.61 Mil) to Dec. 2023 (¥1,418.54 Mil).

Star Lake Bioscience Co Cash And Cash Equivalents Historical Data

The historical data trend for Star Lake Bioscience 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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Star Lake Bioscience Co Cash And Cash Equivalents Chart

Star Lake Bioscience Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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264.92

232.55

1,227.33

1,067.61

1,418.54

Star Lake Bioscience Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															1,419.11	927.44	931.92	1,418.54	1,053.43

Star Lake Bioscience 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.

Star Lake Bioscience Co (SHSE:600866) 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.

Star Lake Bioscience Co Cash And Cash Equivalents Related Terms

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Star Lake Bioscience Co (SHSE:600866) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Star Lake Bioscience Co Inc (SHSE:600866) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

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Address

No. 67 Gongnong North Road, Guangdong Province, Zhaoqing, CHN, 526060

Website

http://www.starlake.com.cn

Star Lake Bioscience Co Inc is a China-based Pharmaceutical manufacturer. The company is mainly engaged in the research, development, production, and sales of chemical raw materials and pharmaceutical intermediates. Products offered by the company include proline, guanosine, adenosine, adenine, adefovir dipivoxil, memantine hydrochloride, Proline, threonine, lysine, among others. Its products are used in food processing, feed processing, and pharmaceutical manufacturing. Star Lake sells its products through direct sales and distributors in China and overseas markets.

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