China Modern Dairy Holdings (HKSE:01117) Cash And Cash Equivalents : HK$2,148 Mil (As of Dec. 2023)

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What is China Modern Dairy Holdings Cash And Cash Equivalents?

China Modern Dairy Holdings's quarterly cash and cash equivalents increased from Dec. 2022 (HK$2,373.72 Mil) to Jun. 2023 (HK$2,600.36 Mil) but then stayed the same from Jun. 2023 (HK$2,600.36 Mil) to Dec. 2023 (HK$2,147.77 Mil).

China Modern Dairy Holdings's annual cash and cash equivalents increased from Dec. 2021 (HK$2,311.48 Mil) to Dec. 2022 (HK$2,373.72 Mil) but then declined from Dec. 2022 (HK$2,373.72 Mil) to Dec. 2023 (HK$2,147.77 Mil).

China Modern Dairy Holdings Cash And Cash Equivalents Historical Data

The historical data trend for China Modern Dairy 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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China Modern Dairy Holdings Cash And Cash Equivalents Chart

China Modern Dairy Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,069.46

1,332.08

2,311.48

2,373.72

2,147.77

China Modern Dairy 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															2,311.48	2,763.46	2,373.72	2,600.36	2,147.77

China Modern Dairy 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.

China Modern Dairy Holdings (HKSE:01117) 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 Modern Dairy Holdings Cash And Cash Equivalents Related Terms

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China Modern Dairy Holdings (HKSE:01117) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Modern Dairy Holdings Ltd (HKSE:01117) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

07M:Germany

Address

Economic and Technological Development Zone, Danyang Town, Bowang District, Anhui Province, Maanshan City, CHN

Website

http://www.moderndairyir.com

China Modern Dairy Holdings Ltd operates in the Chinese food industry. Its primary business includes the production of milk and its revenue mainly depends on the sale of raw milk. The company produces and sells raw milk to customers for processing into dairy products and Liquid Milk products business which relates to its sale of liquid milk products.

Executives

Bank Of China Limited	2201 Interest of corporation controlled by you
Central Huijin Investment Ltd.	2201 Interest of corporation controlled by you
Boc International Holdings Limited	2201 Interest of corporation controlled by you
Boci Financial Products Limited	2101 Beneficial owner
Mgd Holdings	2101 Beneficial owner
China Mengniu Dairy Company Limited	2201 Interest of corporation controlled by you
Ggg Holdings Limited	2101 Beneficial owner
Liu Chang	2201 Interest of corporation controlled by you
New Century Ltd.	2201 Interest of corporation controlled by you
Xin Xi Wang Ru Ye Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

China Modern Dairy Holdings (HKSE:01117) Headlines

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