Puxin (NEWYY) Cash And Cash Equivalents : $20.7 Mil (As of Jun. 2021)

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What is Puxin Cash And Cash Equivalents?

Puxin's quarterly cash and cash equivalents increased from Dec. 2020 ($7.42 Mil) to Mar. 2021 ($42.87 Mil) but then stayed the same from Mar. 2021 ($42.87 Mil) to Jun. 2021 ($20.74 Mil).

Puxin's annual cash and cash equivalents declined from Dec. 2018 ($113.02 Mil) to Dec. 2019 ($36.61 Mil) and declined from Dec. 2019 ($36.61 Mil) to Dec. 2020 ($7.42 Mil).

Puxin Cash And Cash Equivalents Historical Data

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

Puxin Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Cash And Cash Equivalents

14.47

24.98

113.02

36.61

7.42

Puxin Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Cash And Cash Equivalents	Get a 7-Day Free Trial														17.58	9.96	7.42	42.87	20.74

Puxin 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.

Puxin (OTCPK:NEWYY) 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.

Puxin Cash And Cash Equivalents Related Terms

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Puxin (NEWYY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Puxin Ltd (OTCPK:NEWYY) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

75 Suzhou Street, Haidian District, 5th Floor, Building 4, Dingjun Building, Beijing, CHN, 100080

Website

https://www.pxjy.com

Puxin Ltd provides education services. The company's segments consist of K-12 tutoring services and Study abroad tutoring services. Its K-12 tutoring services provide result-oriented educational services in group class settings and through personalized tutoring sessions as well as study plan tailored to fit a student's aptitude, grade level, past academic performance, future academic goals, and other pertinent factors. Study abroad tutoring services are designed to help students prepare for admission tests and applications for high schools, universities and graduate programs primarily in English-speaking countries. It generates a majority of its revenue from the K-12 tutoring services segment. Geographically, it operates in PRC.