CIFI Holdings (Group) Co (FRA:6CI) Cash And Cash Equivalents : €1,637 Mil (As of Dec. 2023)

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What is CIFI Holdings (Group) Co Cash And Cash Equivalents?

CIFI Holdings (Group) Co's quarterly cash and cash equivalents declined from Dec. 2022 (€2,722.73 Mil) to Jun. 2023 (€2,547.14 Mil) but then stayed the same from Jun. 2023 (€2,547.14 Mil) to Dec. 2023 (€1,637.43 Mil).

CIFI Holdings (Group) Co's annual cash and cash equivalents declined from Dec. 2021 (€6,455.86 Mil) to Dec. 2022 (€2,722.73 Mil) and declined from Dec. 2022 (€2,722.73 Mil) to Dec. 2023 (€1,637.43 Mil).

CIFI Holdings (Group) Co Cash And Cash Equivalents Historical Data

The historical data trend for CIFI Holdings (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.

* Premium members only.

CIFI Holdings (Group) Co Cash And Cash Equivalents Chart

CIFI Holdings (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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7,511.44

6,417.40

6,455.86

2,722.73

1,637.43

CIFI Holdings (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															6,455.86	4,399.92	2,722.73	2,547.14	1,637.43

CIFI Holdings (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.

CIFI Holdings (Group) Co (FRA:6CI) 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.

CIFI Holdings (Group) Co Cash And Cash Equivalents Related Terms

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CIFI Holdings (Group) Co (FRA:6CI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » CIFI Holdings (Group) Co Ltd (FRA:6CI) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

00884:Hong Kong

Address

Lane 1088, No. 39 Shenhong Road, CIFI Center, Minhang District, Shanghai, CHN, 201106

Website

https://www.cifi.com.cn

CIFI Holdings (Group) Co Ltd is engaged in property development and property investment, provision of property management services in China. The group has property projects in cities in four regions: the Yangtze River Delta, the Pan Bohai Rim, the Central Western Region, and the South China Region. Most of the group's sales were contracted from the Yangtze River Delta. Regardless of the region, residential properties make up a significant majority of contracted sales. The group focuses on properties in first and second-tier cities in China. The group's projects include a variety of property types such as residential, office, and commercial complexes. The group's operations are carried out in the People's Republic of China.

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