Geo Jade Petroleum (SHSE:600759) Cash And Cash Equivalents : ¥949 Mil (As of Mar. 2024)

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What is Geo Jade Petroleum Cash And Cash Equivalents?

Geo Jade Petroleum's quarterly cash and cash equivalents increased from Sep. 2023 (¥141.20 Mil) to Dec. 2023 (¥1,227.69 Mil) but then stayed the same from Dec. 2023 (¥1,227.69 Mil) to Mar. 2024 (¥949.29 Mil).

Geo Jade Petroleum's annual cash and cash equivalents increased from Dec. 2021 (¥65.25 Mil) to Dec. 2022 (¥205.48 Mil) and increased from Dec. 2022 (¥205.48 Mil) to Dec. 2023 (¥1,227.69 Mil).

Geo Jade Petroleum Cash And Cash Equivalents Historical Data

The historical data trend for Geo Jade Petroleum'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.

Geo Jade Petroleum Cash And Cash Equivalents Chart

Geo Jade Petroleum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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97.67

124.14

65.25

205.48

1,227.69

Geo Jade Petroleum Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															270.19	173.54	141.20	1,227.69	949.29

Geo Jade Petroleum 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.

Geo Jade Petroleum (SHSE:600759) 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.

Geo Jade Petroleum Cash And Cash Equivalents Related Terms

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Geo Jade Petroleum (SHSE:600759) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Geo Jade Petroleum Corp (SHSE:600759) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

26 Xiayun Road, Eagle building, Abloack level3 (3A), Chaoyang District, Beijing, CHN

Website

http://www.geojade.com

Geo Jade Petroleum Corp is a China-based oil and gas exploration and development company. Its projects include Maten Petroleum, KoZhaN JSC, North Caspian Petroleum and Sozak Oil and Gas. In addition, the company is also involved in the investment management business.

Executives

Zhang Shi Ming	Director
Guo Yi	Director
Wang Wen Tao	Director
Liu Jian Feng	senior management
Lang Ying	Director
Liao Yong	Supervisors
Tan Xuan	senior management
Huang Jie	Supervisors
Yu Yang	Supervisors
He Xi	senior management
Hu Hui Ping	senior management
Chen Xue Yun	senior management
Qu Ning	senior management
Wu Guang Da	Supervisors
Fan Hui	senior management

Geo Jade Petroleum (SHSE:600759) Headlines

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