CETC Cyberspace Security Technology Co (SZSE:002268) Cash And Cash Equivalents

: ¥1,552 Mil (As of Sep. 2023)

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CETC Cyberspace Security Technology Co's quarterly cash and cash equivalents increased from Mar. 2023 (¥1,744.33 Mil) to Jun. 2023 (¥2,363.30 Mil) but then stayed the same from Jun. 2023 (¥2,363.30 Mil) to Sep. 2023 (¥1,551.56 Mil).

CETC Cyberspace Security Technology Co's annual cash and cash equivalents increased from Dec. 2020 (¥1,985.27 Mil) to Dec. 2021 (¥2,696.30 Mil) but then declined from Dec. 2021 (¥2,696.30 Mil) to Dec. 2022 (¥2,111.85 Mil).

CETC Cyberspace Security Technology Co Cash And Cash Equivalents Historical Data

The historical data trend for CETC Cyberspace Security Technology 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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CETC Cyberspace Security Technology Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

1,945.56

1,499.55

1,985.27

2,696.30

2,111.85

CETC Cyberspace Security Technology 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																1,406.93	2,111.85	1,744.33	2,363.30	1,551.56

CETC Cyberspace Security Technology 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.

CETC Cyberspace Security Technology Co (SZSE:002268) 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.

CETC Cyberspace Security Technology Co Cash And Cash Equivalents Related Terms

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CETC Cyberspace Security Technology Co (SZSE:002268) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » CETC Cyberspace Security Technology Co Ltd (SZSE:002268) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 333, Yunhua Road, High-Tech Industrial Dvelopment Zone, Sichuan, Chengdu, CHN, 610095

Website

http://www.westone.com.cn

CETC Cyberspace Security Technology Co Ltd is a China-based company that offers security-related products and services. It provides professional and autonomous network information security solutions, products, and services. It offers password products, network security products, and security information systems. The group is committed to building a life-cycle security solution from chip to system for a party and government users.

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