Bairong (HKSE:06608) Cash And Cash Equivalents : HK$789 Mil (As of Dec. 2024)

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What is Bairong Cash And Cash Equivalents?

Bairong's quarterly cash and cash equivalents declined from Dec. 2023 (HK$999.70 Mil) to Jun. 2024 (HK$675.20 Mil) but then increased from Jun. 2024 (HK$675.20 Mil) to Dec. 2024 (HK$789.25 Mil).

Bairong's annual cash and cash equivalents increased from Dec. 2022 (HK$992.21 Mil) to Dec. 2023 (HK$999.70 Mil) but then declined from Dec. 2023 (HK$999.70 Mil) to Dec. 2024 (HK$789.25 Mil).

Bairong Cash And Cash Equivalents Historical Data

The historical data trend for Bairong'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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Bairong Cash And Cash Equivalents Chart

Bairong Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash And Cash Equivalents

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49.73

4,097.66

992.21

999.70

789.25

Bairong Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial								992.21	485.99	999.70	675.20	789.25

Bairong 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.

Bairong (HKSE:06608) 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.

Bairong Cash And Cash Equivalents Related Terms

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Bairong Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bairong Inc (HKSE:06608) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

BAIGF:USA 6B5:Germany

Address

No.10 Furong Street, 1-3/F, Tower A, Chaoyang District, Beijing, CHN

Website

https://www.brgroup.com

Bairong Inc is an independent AI-powered technology platform in China serving the financial services industry. It is driven by science and technology, and continuously explores the scenarios and applications of cutting-edge technologies such as artificial intelligence, cloud computing, and blockchain in the financial field, empowering financial institutions to innovate and transform digitally, and help financial inclusion.

Executives

Zhang Shaofeng	2101 Beneficial owner
Genisage Tech Inc.	2101 Beneficial owner
Genisage Holdings Limited	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
China International Capital Corporation Limited	2201 Interest of corporation controlled by you
Hong Jing	2201 Interest of corporation controlled by you
Zhuhai Gaoling Tiancheng Investment Management Co., Ltd.	2201 Interest of corporation controlled by you
Tianjin Gltc Enterprise Management Consultation, L.p.	2201 Interest of corporation controlled by you
Hh Br-i Holdings Limited	2101 Beneficial owner
Shanghai Zhexuan Investment Partnership (l.p.)	2201 Interest of corporation controlled by you
Beijing Sequoia Xinyuan Equity Investment Partnership (l.p.)	2201 Interest of corporation controlled by you
Max Elegant Limited	2101 Beneficial owner
Sequoia Capital Equity Investment Management (tianjin) Limited	2201 Interest of corporation controlled by you
Tianjin Sequoia Huanrong Enterprise Management Consulting Center L.p.	2201 Interest of corporation controlled by you
Zhou Kui	2201 Interest of corporation controlled by you

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