China Suntien Green Energy (FRA:9C6) Cash And Cash Equivalents : €528 Mil (As of Jun. 2024)

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What is China Suntien Green Energy Cash And Cash Equivalents?

China Suntien Green Energy's quarterly cash and cash equivalents increased from Dec. 2023 (€439.23 Mil) to Mar. 2024 (€445.16 Mil) and increased from Mar. 2024 (€445.16 Mil) to Jun. 2024 (€527.63 Mil).

China Suntien Green Energy's annual cash and cash equivalents declined from Dec. 2021 (€1,046.71 Mil) to Dec. 2022 (€991.98 Mil) and declined from Dec. 2022 (€991.98 Mil) to Dec. 2023 (€439.23 Mil).

China Suntien Green Energy Cash And Cash Equivalents Historical Data

The historical data trend for China Suntien Green Energy'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 Suntien Green Energy Cash And Cash Equivalents Chart

China Suntien Green Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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299.53

235.41

1,046.71

991.98

439.23

China Suntien Green Energy Quarterly Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial															528.76	439.23	445.16	527.63	-

China Suntien Green Energy 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 Suntien Green Energy (FRA:9C6) 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 Suntien Green Energy Cash And Cash Equivalents Related Terms

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China Suntien Green Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Suntien Green Energy Corp Ltd (FRA:9C6) » Definitions » Cash And Cash Equivalents

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00956:Hong Kong 9C6:Germany 600956:China

Address

No. 9 Yuhua West Road, 9th Floor, Block A, Yuyuan Plaza, Qiaoxi District, Hebei Province, Shijiazhuang, CHN, 050001

Website

https://www.suntien.com

China Suntien Green Energy is engaged in the wind power, photovoltaic, and natural gas businesses. The natural gas segment is involved in the sales of natural gas and gas appliances, and the provision of construction and connection services of natural gas pipelines. The wind and solar energy segment sells electricity to external grid companies by operating wind farms and solar energy plants. In 2023, the firm's natural gas transmission volume was 5,114 million cubic meters, while sales volume of electricity was 13.93 billion kilowatt-hours. As of end-2023, the firm had consolidated renewable energy (wind and solar) installed capacity of 6.42 gigawatts.

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