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CCTG (CCSC Technology International Holdings) Cash And Cash Equivalents : $3.79 Mil (As of Sep. 2024)


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What is CCSC Technology International Holdings Cash And Cash Equivalents?

CCSC Technology International Holdings's quarterly cash and cash equivalents declined from Sep. 2023 ($7.37 Mil) to Mar. 2024 ($5.53 Mil) but then stayed the same from Mar. 2024 ($5.53 Mil) to Sep. 2024 ($3.79 Mil).

CCSC Technology International Holdings's annual cash and cash equivalents increased from Mar. 2022 ($5.28 Mil) to Mar. 2023 ($7.71 Mil) but then declined from Mar. 2023 ($7.71 Mil) to Mar. 2024 ($5.53 Mil).

CCSC Technology International Holdings Cash And Cash Equivalents Historical Data

The historical data trend for CCSC Technology International Holdings'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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CCSC Technology International Holdings Cash And Cash Equivalents Chart

CCSC Technology International Holdings Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Cash And Cash Equivalents
2.64 5.28 7.71 5.53

CCSC Technology International Holdings Semi-Annual Data
Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Cash And Cash Equivalents Get a 7-Day Free Trial 5.89 7.71 7.37 5.53 3.79

CCSC Technology International Holdings 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.

CCSC Technology International Holdings  (NAS:CCTG) 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.

CCSC Technology International Holdings Cash And Cash Equivalents Related Terms

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CCSC Technology International Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CCSC Technology International Holdings Ltd (NAS:CCTG) » Definitions » Cash And Cash Equivalents
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Traded in Other Exchanges
N/A
Address
18-24 Shan Mei Street, 1301-03, 13th Floor, Shatin Galleria, Fotan, Shatin, Hong Kong, HKG
Website
https://www.ccsc-interconnect.com
CCSC Technology International Holdings Ltd along with its subsidiaries is involved in the sale, design, and manufacturing of interconnect products, including connectors, cables, and wire harnesses. Its products include customized interconnect products, including connectors, cables, and harnesses that are used for a range of applications in a diversified set of industries, including industrial, automotive, robotics, medical equipment, computer, network and telecommunication, and consumer products. Geographically, the company generates maximum revenue from the sale of its products in Europe and the rest from the Americas and Asia.