China Oriental Group Co (China Oriental Group Co) Cash And Cash Equivalents : $507 Mil (As of Dec. 2023)

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What is China Oriental Group Co Cash And Cash Equivalents?

China Oriental Group Co's quarterly cash and cash equivalents increased from Dec. 2022 ($304.76 Mil) to Jun. 2023 ($651.56 Mil) but then stayed the same from Jun. 2023 ($651.56 Mil) to Dec. 2023 ($506.71 Mil).

China Oriental Group Co's annual cash and cash equivalents declined from Dec. 2021 ($726.42 Mil) to Dec. 2022 ($304.76 Mil) but then increased from Dec. 2022 ($304.76 Mil) to Dec. 2023 ($506.71 Mil).

China Oriental Group Co Cash And Cash Equivalents Historical Data

The historical data trend for China Oriental 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 Oriental Group Co Cash And Cash Equivalents Chart

China Oriental Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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660.27

533.08

726.42

304.76

506.71

China Oriental Group Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															726.42	861.58	304.76	651.56	506.71

China Oriental 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 Oriental Group Co (OTCPK:CUGCF) 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 Oriental Group Co Cash And Cash Equivalents Related Terms

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China Oriental Group Co (China Oriental Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » China Oriental Group Co Ltd (OTCPK:CUGCF) » Definitions » Cash And Cash Equivalents

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00581:Hong Kong ORG:Germany

Address

23 Harbour Road, Suites 901-2 and 10, 9th Floor, Great Eagle Centre, Wanchai, Hong Kong, HKG

Website

http://www.chinaorientalgroup.com

China Oriental Group Co Ltd is an iron and steel producer. The company is organized into two main operating segments: Iron and Steel and Real Estate. The Iron and Steel segment is comprised of the manufacturing and sale of iron and steel products and trading of steel products and iron ore and under its Real Estate segment it develops and sells properties. China Oriental produces downstream products including H-section steel, Cold rolled sheets, Galvanized sheets, Strips and strip products, Billets, Rebar, and Steel pile sheets. The company generates the majority of its revenue from the Iron and Steel segment. The firm's major customers are based in Northern China.

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