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Lixiang Education Holding Co (Lixiang Education Holding Co) Cash And Cash Equivalents : $33.53 Mil (As of Jun. 2023)


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What is Lixiang Education Holding Co Cash And Cash Equivalents?

Lixiang Education Holding Co's quarterly cash and cash equivalents increased from Jun. 2022 ($32.49 Mil) to Dec. 2022 ($35.40 Mil) but then stayed the same from Dec. 2022 ($35.40 Mil) to Jun. 2023 ($33.53 Mil).

Lixiang Education Holding Co's annual cash and cash equivalents increased from Dec. 2020 ($31.13 Mil) to Dec. 2021 ($31.31 Mil) and increased from Dec. 2021 ($31.31 Mil) to Dec. 2022 ($35.40 Mil).

Lixiang Education Holding Co Cash And Cash Equivalents Historical Data

The historical data trend for Lixiang Education Holding Co'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.

Lixiang Education Holding Co Cash And Cash Equivalents Chart

Lixiang Education Holding Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22
Cash And Cash Equivalents
0.39 3.53 31.13 31.31 35.40

Lixiang Education Holding Co Semi-Annual Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Cash And Cash Equivalents Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.56 31.31 32.49 35.40 33.53

Lixiang Education Holding Co 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.

Lixiang Education Holding Co  (NAS:LXEH) 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.

Lixiang Education Holding Co Cash And Cash Equivalents Related Terms

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Lixiang Education Holding Co (Lixiang Education Holding Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Lixiang Education Holding Co Ltd (NAS:LXEH) » Definitions » Cash And Cash Equivalents
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Traded in Other Exchanges
N/A
Address
No. 818 Hua Yuan Street, Liandu District, Zhejiang Province, Lishui, CHN, 323000
Website
https://www.lixiangeh.com
Lixiang Education Holding Co Ltd is a private primary and secondary education service provider in Lishui City, Zhejiang Province. Its private education services primarily include primary and middle school education from grade 1 to grade 9. The company also offers high school education services at its High School Divisions.