Irico Group New Energy Co (HKSE:00438) Cash And Cash Equivalents : HK$1,040 Mil (As of Dec. 2023)

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What is Irico Group New Energy Co Cash And Cash Equivalents?

Irico Group New Energy Co's quarterly cash and cash equivalents increased from Dec. 2022 (HK$456.55 Mil) to Jun. 2023 (HK$631.03 Mil) and increased from Jun. 2023 (HK$631.03 Mil) to Dec. 2023 (HK$1,039.78 Mil).

Irico Group New Energy Co's annual cash and cash equivalents declined from Dec. 2021 (HK$859.70 Mil) to Dec. 2022 (HK$456.55 Mil) but then increased from Dec. 2022 (HK$456.55 Mil) to Dec. 2023 (HK$1,039.78 Mil).

Irico Group New Energy Co Cash And Cash Equivalents Historical Data

The historical data trend for Irico Group New 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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Irico Group New Energy Co Cash And Cash Equivalents Chart

Irico Group New Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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451.16

851.03

859.70

456.55

1,039.78

Irico Group New 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															859.70	895.68	456.55	631.03	1,039.78

Irico Group New 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.

Irico Group New Energy Co (HKSE:00438) 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.

Irico Group New Energy Co Cash And Cash Equivalents Related Terms

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Irico Group New Energy Co (HKSE:00438) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Irico Group New Energy Co Ltd (HKSE:00438) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

No. 1 Caihong Road, Qingdu District, Shaanxi Province, Xianyang, CHN, 712021

Website

http://www.irico.com.cn/en

Irico Group New Energy Co Ltd is mainly engaged in the solar photovoltaic business. It operates through the following segments: Solar photovoltaic & module business segment, and Others. The majority of its revenue is derived from Solar Photovoltaic, which includes Solar photovoltaic glass, Solar photovoltaic modules, Solar photovoltaic power stations, and Quartz sand business. Its geographical segments are China (excluding Hong Kong), Hong Kong, and Other countries, of which the majority of its revenue comes from China.

Executives

Xian Yang Zhong Dian Cai Hong Ji Tuan Kong Gu You Xian Gong Si	2101 Beneficial owner
Zhong Dian Jin Tou Kong Gu You Xian Gong Si	2101 Beneficial owner
Zhong Guo Dian Zi Xin Xi Chan Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Cai Hong Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Hua An Ji Jin Guan Li You Xian Gong Si	2501 Other
Hua An Ji Jin Xin Cheng Dan Yi Zi Chan Guan Li Ji Hua	2501 Other
He Fei Xin Cheng Guo You Zi Chan Jing Ying You Xian Gong Si	2501 Other
Pactera Technologies Na, Inc	2201 Interest of corporation controlled by you

Irico Group New Energy Co (HKSE:00438) Headlines

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