CHSTY (China High Speed Transmission Equipment Group Co) Cash And Cash Equivalents : $710 Mil (As of Jun. 2024)

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What is China High Speed Transmission Equipment Group Co Cash And Cash Equivalents?

China High Speed Transmission Equipment Group Co's quarterly cash and cash equivalents increased from Jun. 2023 ($614.27 Mil) to Dec. 2023 ($788.20 Mil) but then stayed the same from Dec. 2023 ($788.20 Mil) to Jun. 2024 ($709.69 Mil).

China High Speed Transmission Equipment Group Co's annual cash and cash equivalents increased from Dec. 2021 ($515.62 Mil) to Dec. 2022 ($628.76 Mil) and increased from Dec. 2022 ($628.76 Mil) to Dec. 2023 ($788.20 Mil).

China High Speed Transmission Equipment Group Co Cash And Cash Equivalents Historical Data

The historical data trend for China High Speed Transmission Equipment Group 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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China High Speed Transmission Equipment Group Co Cash And Cash Equivalents Chart

China High Speed Transmission Equipment Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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359.36

334.03

515.62

628.76

788.20

China High Speed Transmission Equipment Group Co 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															797.84	628.76	614.27	788.20	709.69

China High Speed Transmission Equipment Group 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.

China High Speed Transmission Equipment Group Co (OTCPK:CHSTY) 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.

China High Speed Transmission Equipment Group Co Cash And Cash Equivalents Related Terms

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China High Speed Transmission Equipment Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China High Speed Transmission Equipment Group Co Ltd (OTCPK:CHSTY) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

00658:Hong Kong

Address

No. 30, Houjiao Road, Jiangning District, Nanjing, CHN

Website

https://www.chste.com

China High Speed Transmission Equipment Group Co Ltd is engaged in researching, developing, designing, manufacturing, and distributing a wide range of mechanical transmission equipment that is used in wind power and a wide range of industrial appliances as well as trading of goods. Its product portfolio includes Wind Energy Gearboxes; Rail Vehicle Gearboxes; Industrial Gearboxes; New Energy Vehicle Gearboxes, GearSight System, and Robot Reducers. The company's segment includes Wind and industrial gear transmission equipment which generates key revenue; Rail transportation gear transmission equipment segment; Trading business, and others. Geographically, the company generates a majority of its revenue from the People's Republic of China and the rest from Europe, USA, and other countries.