Xiaomi (HKSE:01810) Cash And Cash Equivalents : HK$36,785 Mil (As of Dec. 2023)

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What is Xiaomi Cash And Cash Equivalents?

Xiaomi's quarterly cash and cash equivalents declined from Jun. 2023 (HK$34,409.19 Mil) to Sep. 2023 (HK$33,953.89 Mil) but then increased from Sep. 2023 (HK$33,953.89 Mil) to Dec. 2023 (HK$36,785.22 Mil).

Xiaomi's annual cash and cash equivalents increased from Dec. 2021 (HK$28,789.16 Mil) to Dec. 2022 (HK$30,829.44 Mil) and increased from Dec. 2022 (HK$30,829.44 Mil) to Dec. 2023 (HK$36,785.22 Mil).

Xiaomi Cash And Cash Equivalents Historical Data

The historical data trend for Xiaomi'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.

* Premium members only.

Xiaomi Cash And Cash Equivalents Chart

Xiaomi Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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28,842.35

64,905.34

28,789.16

30,829.44

36,785.22

Xiaomi Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															30,829.44	29,819.97	34,409.19	33,953.89	36,785.22

Xiaomi 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.

Xiaomi (HKSE:01810) 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.

Xiaomi Cash And Cash Equivalents Related Terms

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Xiaomi (HKSE:01810) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Xiaomi Corp (HKSE:01810) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

XIACY:USA XIACF:USA 1810:Mexico 3CPA:Germany 3CP:Germany 3CPA:Germany 3CP:Germany 3CP:Germany

Address

Anningzhuang Road, Xiaomi Campus, Haidian District, Beijing, CHN

Website

https://www.mi.com

Xiaomi is a technology product and services company founded in early 2010, focusing mainly on smartphones and Internet of Things products and related internet services. An early adopter of online smartphone sales, Xiaomi uses Android as its operating system but has its own customized user interface called MIUI. As competition in its home Chinese smartphone market intensified and growth has slowed, it has expanded into other markets and has become the smartphone market leader in India and is gaining market share in Europe. From 2020 to 2022, from a country perspective, around 50% of its overall revenue was generated in mainland China, down from 94% in 2015. The company listed on the Hong Kong market at the beginning of July 2018.

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