Fujian Zhangzhou Development Co (SZSE:000753) Cash And Cash Equivalents

: ¥530 Mil (As of Sep. 2023)

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Fujian Zhangzhou Development Co's quarterly cash and cash equivalents declined from Mar. 2023 (¥529.06 Mil) to Jun. 2023 (¥466.57 Mil) but then increased from Jun. 2023 (¥466.57 Mil) to Sep. 2023 (¥530.20 Mil).

Fujian Zhangzhou Development Co's annual cash and cash equivalents declined from Dec. 2020 (¥941.91 Mil) to Dec. 2021 (¥505.83 Mil) and declined from Dec. 2021 (¥505.83 Mil) to Dec. 2022 (¥474.88 Mil).

Fujian Zhangzhou Development Co Cash And Cash Equivalents Historical Data

The historical data trend for Fujian Zhangzhou Development 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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Fujian Zhangzhou Development Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

1,094.04

1,300.87

941.91

505.83

474.88

Fujian Zhangzhou Development Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash And Cash Equivalents																371.12	474.88	529.06	466.57	530.20

Fujian Zhangzhou Development 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.

Fujian Zhangzhou Development Co (SZSE:000753) 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.

Fujian Zhangzhou Development Co Cash And Cash Equivalents Related Terms

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Fujian Zhangzhou Development Co (SZSE:000753) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Fujian Zhangzhou Development Co Ltd (SZSE:000753) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shenli East Road, Zhangzhou Development Square, Fujian Province, Zhangzhou, CHN, 363000

Website

http://www.zzdc.com.cn

Fujian Zhangzhou Development Co Ltd is engaged in the automobile trading business in China. Further, it is engaged in urban water supply services, construction of urban infrastructure, investment, and development of highways, real estate development, and automotive trade in China's domestic market.

Fujian Zhangzhou Development Co (SZSE:000753) Headlines

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