China Huarong Energy Co (FRA:XYTA) Cash And Cash Equivalents : €0.28 Mil (As of Dec. 2023)

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What is China Huarong Energy Co Cash And Cash Equivalents?

China Huarong Energy Co's quarterly cash and cash equivalents declined from Dec. 2022 (€1.98 Mil) to Jun. 2023 (€0.69 Mil) but then stayed the same from Jun. 2023 (€0.69 Mil) to Dec. 2023 (€0.28 Mil).

China Huarong Energy Co's annual cash and cash equivalents declined from Dec. 2021 (€3.32 Mil) to Dec. 2022 (€1.98 Mil) and declined from Dec. 2022 (€1.98 Mil) to Dec. 2023 (€0.28 Mil).

China Huarong Energy Co Cash And Cash Equivalents Historical Data

The historical data trend for China Huarong Energy 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 Huarong Energy Co Cash And Cash Equivalents Chart

China Huarong Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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5.50

2.02

3.32

1.98

0.28

China Huarong Energy 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															3.32	2.64	1.98	0.69	0.28

China Huarong Energy 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 Huarong Energy Co (FRA:XYTA) 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 Huarong Energy Co Cash And Cash Equivalents Related Terms

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China Huarong Energy Co (FRA:XYTA) Business Description

Industry

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Traded in Other Exchanges

01101:Hong Kong XYTA:Germany

Address

6-8 Harbour Road, Suites 1508-10, 15th Floor, Shui On Centre, Wanchai, Hong Kong, HKG

Website

http://www.huarongenergy.com.hk

China Huarong Energy Co Ltd is a company principally engaged in the business of energy exploration and production focusing on oil and gas-related customers and markets. Its only segment is Energy Exploration and Production which is engaged in the sales of crude oil. The company projects include approximately four oilfields located in the Fergana Valley of the Republic of Kyrgyzstan. Geographically, it derives revenue from Kyrgyzstan.

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