BMCLF (BAIC Motor) Cash And Cash Equivalents : $4,325 Mil (As of Jun. 2024)

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What is BAIC Motor Cash And Cash Equivalents?

BAIC Motor's quarterly cash and cash equivalents declined from Jun. 2023 ($4,957.34 Mil) to Dec. 2023 ($4,359.01 Mil) but then stayed the same from Dec. 2023 ($4,359.01 Mil) to Jun. 2024 ($4,324.81 Mil).

BAIC Motor's annual cash and cash equivalents declined from Dec. 2021 ($6,432.20 Mil) to Dec. 2022 ($5,339.73 Mil) and declined from Dec. 2022 ($5,339.73 Mil) to Dec. 2023 ($4,359.01 Mil).

BAIC Motor Cash And Cash Equivalents Historical Data

The historical data trend for BAIC Motor'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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BAIC Motor Cash And Cash Equivalents Chart

BAIC Motor Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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7,161.89

7,362.60

6,432.20

5,339.73

4,359.01

BAIC Motor Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash And Cash Equivalents	Get a 7-Day Free Trial															5,656.54	5,339.73	4,957.34	4,359.01	4,324.81

BAIC Motor 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.

BAIC Motor (OTCPK:BMCLF) 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.

BAIC Motor Cash And Cash Equivalents Related Terms

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BAIC Motor Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » BAIC Motor Corp Ltd (OTCPK:BMCLF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

BCCMY:USA 01958:Hong Kong 2B5:Germany

Address

No. 99 Shuanghe Street, A5-061, Unit 101, 5th Floor, Building No 1, Courtyard, Shunyi District, Beijing, CHN, 101300

Website

http://www.baicmotor.com

BAIC Motor Corp Ltd is a provincial state-owned enterprise that manufactures passenger vehicles (PV) and automotive components. The majority of BAIC's revenue and operating profits come from joint ventures with Mercedes Benz and Hyundai. The firm also manufactures and sells its own vehicles under the Beijing Brand. The company has two reportable segments which are Oil-powered vehicles it involves manufacturing and sales of passenger vehicles of fuel, and providing other businesses and related services and New energy vehicles that also includes manufacturing and sales of passenger vehicles of new energy, and providing other business and related services.

BAIC Motor Headlines

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