J-Long Group (J-Long Group) Cash And Cash Equivalents : $5.96 Mil (As of Mar. 2023)

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What is J-Long Group Cash And Cash Equivalents?

J-Long Group's quarterly cash and cash equivalents increased from Mar. 2021 ($3.96 Mil) to Mar. 2022 ($7.36 Mil) but then stayed the same from Mar. 2022 ($7.36 Mil) to Mar. 2023 ($5.96 Mil).

J-Long Group's annual cash and cash equivalents increased from Mar. 2021 ($3.96 Mil) to Mar. 2022 ($7.36 Mil) but then declined from Mar. 2022 ($7.36 Mil) to Mar. 2023 ($5.96 Mil).

J-Long Group Cash And Cash Equivalents Historical Data

The historical data trend for J-Long 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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J-Long Group Cash And Cash Equivalents Chart

J-Long Group Annual Data

Trend

Mar21

Mar22

Mar23

Cash And Cash Equivalents

3.96

7.36

5.96

J-Long Group Semi-Annual Data
	Mar21	Mar22	Mar23
Cash And Cash Equivalents	3.96	7.36	5.96

J-Long 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.

J-Long Group (NAS:JL) 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.

J-Long Group Cash And Cash Equivalents Related Terms

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J-Long Group (J-Long Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » J-Long Group Ltd (NAS:JL) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

32-40 Wang Lung Street, Flat F, 8th Floor, Houston Industrial Building, Tsuen Wan New Territories, Hong Kong, HKG

Website

https://www.j-long.com

J-Long Group Ltd is an established distributor in Hong Kong of reflective and non-reflective garment trims including, among others, heat transfers, fabrics, woven labels and tapes, sewing badges, piping, zipper pullers and drawcords. It also offers a wide range of apparel solution services to cater to its customers' needs for reflective and non-reflective garment trims, ranging from market trend analysis, product design and development and production to quality control.

J-Long Group (J-Long Group) Headlines

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