Cheerwin Group (HKSE:06601) Cash And Cash Equivalents : HK$975 Mil (As of Dec. 2023)

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What is Cheerwin Group Cash And Cash Equivalents?

Cheerwin Group's quarterly cash and cash equivalents increased from Dec. 2022 (HK$1,014.77 Mil) to Jun. 2023 (HK$1,686.97 Mil) but then stayed the same from Jun. 2023 (HK$1,686.97 Mil) to Dec. 2023 (HK$974.53 Mil).

Cheerwin Group's annual cash and cash equivalents declined from Dec. 2021 (HK$2,391.17 Mil) to Dec. 2022 (HK$1,014.77 Mil) and declined from Dec. 2022 (HK$1,014.77 Mil) to Dec. 2023 (HK$974.53 Mil).

Cheerwin Group Cash And Cash Equivalents Historical Data

The historical data trend for Cheerwin Group'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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Cheerwin Group Cash And Cash Equivalents Chart

Cheerwin Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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568.66

1,048.83

2,391.17

1,014.77

974.53

Cheerwin Group Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial						2,391.17	1,033.09	1,014.77	1,686.97	974.53

Cheerwin Group 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.

Cheerwin Group (HKSE:06601) 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.

Cheerwin Group Cash And Cash Equivalents Related Terms

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Cheerwin Group (HKSE:06601) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Cheerwin Group Ltd (HKSE:06601) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Luju Road, Liwan District, Guangdong Province, Guangzhou, CHN, 510370

Website

https://www.cheerwin.com

Cheerwin Group Ltd is an investment holding company. It is mainly manufacturing and trading of household insecticides and repellents, household cleaning, air care, personal care, pet care, and other products in China. company revenue is geographically derived from PRC.

Executives

Ubs Group Ag	2201 Interest of corporation controlled by you
Chen Kaichen
Chen Kaixuan
Li Ruohong
Ma Huizhen
Morgan Stanley & Co. International Plc	2105 Underwriter
Morgan Stanley International Holdings Inc.	2201 Interest of corporation controlled by you
Morgan Stanley International Limited	2201 Interest of corporation controlled by you
Morgan Stanley Investments (uk)	2201 Interest of corporation controlled by you
Chao Yun Huan Qiu You Xian Gong Si

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