Ningbo Construction Co (SHSE:601789) Cash And Cash Equivalents : ¥3,993 Mil (As of Mar. 2024)

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What is Ningbo Construction Co Cash And Cash Equivalents?

Ningbo Construction Co's quarterly cash and cash equivalents increased from Sep. 2023 (¥3,906.83 Mil) to Dec. 2023 (¥5,201.42 Mil) but then stayed the same from Dec. 2023 (¥5,201.42 Mil) to Mar. 2024 (¥3,992.84 Mil).

Ningbo Construction Co's annual cash and cash equivalents increased from Dec. 2021 (¥2,599.00 Mil) to Dec. 2022 (¥3,715.66 Mil) and increased from Dec. 2022 (¥3,715.66 Mil) to Dec. 2023 (¥5,201.42 Mil).

Ningbo Construction Co Cash And Cash Equivalents Historical Data

The historical data trend for Ningbo Construction 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.

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Ningbo Construction Co Cash And Cash Equivalents Chart

Ningbo Construction Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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2,182.25

2,594.08

2,599.00

3,715.66

5,201.42

Ningbo Construction Co 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															2,936.50	3,893.91	3,906.83	5,201.42	3,992.84

Ningbo Construction 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.

Ningbo Construction Co (SHSE:601789) 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.

Ningbo Construction Co Cash And Cash Equivalents Related Terms

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Ningbo Construction Co (SHSE:601789) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ningbo Construction Co Ltd (SHSE:601789) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

No.538, Ningtong Road, Yinzhou District, Ningbo, CHN, 315040

Website

http://www.jiangong.com.cn

Ningbo Construction Co Ltd is a China-based construction company. It is engaged in the housing construction and general construction business. In addition, the company is also involved in the operation of civil engineering, engineering design, municipal garden, equipment installation and equipment leasing. Its business scope covers engineering survey, architectural design, housing construction and municipal general contracting, rail transit, mechanical and electrical equipment installation, decoration and decoration, steel structure, commercial concrete and prefabricated components. The business segments of the company are the Survey and design section, General contracting sector, and Industrial building sector.

Executives

Chen Xian Hua	Director
Pan Xin Qiang	Director
Chen Jian Guo	Director
Li Zhang Chun	senior management
Weng Hai Yong	Director
Lu Xiang Kang	Supervisors
Yu Wu Zheng	Supervisors
Chen Bao Kang	senior management
Wang Shan Bo	Director
Meng Wen Hua	Director
Xu Wen Wei	Director
Huang Huan Jun	senior management
Zhou Gang Xiang	Supervisors
Li Shui Ming	senior management

Ningbo Construction Co (SHSE:601789) Headlines

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