Jack Technology Co (SHSE:603337) Cash And Cash Equivalents : ¥1,739 Mil (As of Mar. 2024)

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What is Jack Technology Co Cash And Cash Equivalents?

Jack Technology Co's quarterly cash and cash equivalents increased from Sep. 2023 (¥1,418.38 Mil) to Dec. 2023 (¥1,714.61 Mil) and increased from Dec. 2023 (¥1,714.61 Mil) to Mar. 2024 (¥1,739.18 Mil).

Jack Technology Co's annual cash and cash equivalents increased from Dec. 2021 (¥740.78 Mil) to Dec. 2022 (¥1,901.52 Mil) but then declined from Dec. 2022 (¥1,901.52 Mil) to Dec. 2023 (¥1,714.61 Mil).

Jack Technology Co Cash And Cash Equivalents Historical Data

The historical data trend for Jack Technology 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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Jack Technology Co Cash And Cash Equivalents Chart

Jack Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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378.96

715.14

740.78

1,901.52

1,714.61

Jack Technology 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															1,331.91	1,265.83	1,418.38	1,714.61	1,739.18

Jack Technology 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.

Jack Technology Co (SHSE:603337) 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.

Jack Technology Co Cash And Cash Equivalents Related Terms

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Jack Technology Co (SHSE:603337) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jack Technology Co Ltd (SHSE:603337) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

No.15 Airport South Road, Jiaojiang District, Zhengjiang, Taizhou, CHN, 318010

Website

http://www.chinajack.com

Jack Technology Co Ltd, formerly Jack Sewing Machine Co Ltd, is a sewing machine manufacturing company. Its product includes spreading machines, automatic cutting machine, lockstitch, overlock, interlock, special machine, automatic pocket welting machine and energy-saving motors.

Executives

Guo Wei Xing	Director
Ruan Ji Xiang	Director
Wu Li	senior management
Che Jian Bo	Supervisors
Ruan Lin Bing	Director
Zhao Xin Qing	Director
Ruan Ji Ming	Director
Ruan Fu De	Director
Xie Yun Jiao	senior management
Qiu Yang You	senior management
Huang Zhan Zhou	senior management

Jack Technology Co (SHSE:603337) Headlines

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