Shengli Oil & Gas Pipe Holdings (HKSE:01080) Cash And Cash Equivalents : HK$150.2 Mil (As of Dec. 2023)

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What is Shengli Oil & Gas Pipe Holdings Cash And Cash Equivalents?

Shengli Oil & Gas Pipe Holdings's quarterly cash and cash equivalents declined from Dec. 2022 (HK$177.31 Mil) to Jun. 2023 (HK$41.74 Mil) but then increased from Jun. 2023 (HK$41.74 Mil) to Dec. 2023 (HK$150.20 Mil).

Shengli Oil & Gas Pipe Holdings's annual cash and cash equivalents increased from Dec. 2021 (HK$164.46 Mil) to Dec. 2022 (HK$177.31 Mil) but then declined from Dec. 2022 (HK$177.31 Mil) to Dec. 2023 (HK$150.20 Mil).

Shengli Oil & Gas Pipe Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Shengli Oil & Gas Pipe Holdings'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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Shengli Oil & Gas Pipe Holdings Cash And Cash Equivalents Chart

Shengli Oil & Gas Pipe Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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110.76

134.14

164.46

177.31

150.20

Shengli Oil & Gas Pipe Holdings 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															164.46	104.54	177.31	41.74	150.20

Shengli Oil & Gas Pipe Holdings 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.

Shengli Oil & Gas Pipe Holdings (HKSE:01080) 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.

Shengli Oil & Gas Pipe Holdings Cash And Cash Equivalents Related Terms

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Shengli Oil & Gas Pipe Holdings (HKSE:01080) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shengli Oil & Gas Pipe Holdings Ltd (HKSE:01080) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

Zhongbu Town, Zhangdian District, Shandong Province, Zibo, CHN, 255082

Website

http://www.slogp.com

Shengli Oil & Gas Pipe Holdings Ltd is an oil and gas pipe manufacturer in China. It focuses on the design, manufacturing, value-added processing, and servicing of submerged-arc helical welded pipes (SAWH pipes) and submerged-arc longitudinal welded pipes (SAWL pipes), that are used to transport crude oil, refined petroleum products, natural gas, and other related products. It operates two reportable segments which comprise the pipes business and trading business. The majority of the revenue is derived from the pipes business segment that involves the production of submerged-arc helical welded pipes and submerged-arc longitudinal welded pipe which are mainly used for the oil and infrastructure industry. Geographically it derives revenue from Mainland China.

Executives

Zhang Bizhuang	2101 Beneficial owner
Huang Guang	2201 Interest of corporation controlled by you
Chen Haili	2201 Interest of corporation controlled by you
Hzj Holding Limited	2201 Interest of corporation controlled by you
Mefun Group Limited	2101 Beneficial owner
Wei Jun	2201 Interest of corporation controlled by you
Lm Asset Management Corp	2201 Interest of corporation controlled by you
Lm Global Asset Lp	2101 Beneficial owner
Lmt International Corporation Limited	2201 Interest of corporation controlled by you
Shan Dong Min Ying Lian He Tou Zi Kong Gu Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

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