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Chijet Motor Co (Chijet Motor Co) Cash And Cash Equivalents : $10.73 Mil (As of Dec. 2023)


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What is Chijet Motor Co Cash And Cash Equivalents?

Chijet Motor Co's quarterly cash and cash equivalents declined from Dec. 2022 ($37.92 Mil) to Jun. 2023 ($18.25 Mil) but then stayed the same from Jun. 2023 ($18.25 Mil) to Dec. 2023 ($10.73 Mil).

Chijet Motor Co's annual cash and cash equivalents increased from Dec. 2021 ($23.19 Mil) to Dec. 2022 ($37.92 Mil) but then declined from Dec. 2022 ($37.92 Mil) to Dec. 2023 ($10.73 Mil).

Chijet Motor Co Cash And Cash Equivalents Historical Data

The historical data trend for Chijet Motor 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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Chijet Motor Co Cash And Cash Equivalents Chart

Chijet Motor Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Cash And Cash Equivalents
41.20 23.19 37.92 10.73

Chijet Motor Co Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Cash And Cash Equivalents Get a 7-Day Free Trial 23.19 77.32 37.92 18.25 10.73

Chijet Motor 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.

Chijet Motor Co  (NAS:CJET) 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.

Chijet Motor Co Cash And Cash Equivalents Related Terms

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Chijet Motor Co (Chijet Motor Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Chijet Motor Co Inc (NAS:CJET) » Definitions » Cash And Cash Equivalents
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Traded in Other Exchanges
N/A
Address
No. 8, Beijing South Road Economic & Technological Development Zone Yantai, Shandong, CHN, 264006
Website
https://www.chijetmotors.com
Chijet Motor Co Inc is engaged in the research and development, production and sales of new energy vehicles. New energy vehicles refer to plug-in electric vehicles including battery electric vehicles, plug-in hybrid (PHEV) electric vehicles, and fuel cell electric vehicles. Its passenger vehicles include small cars, sedans, and sports utility vehicles, or SUVs, and commercial vehicles include light trucks and vans.