Jiangxi Hungpai New Material Co (SHSE:605366) Cash And Cash Equivalents : ¥241 Mil (As of Mar. 2024)

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What is Jiangxi Hungpai New Material Co Cash And Cash Equivalents?

Jiangxi Hungpai New Material Co's quarterly cash and cash equivalents declined from Sep. 2023 (¥339.96 Mil) to Dec. 2023 (¥174.12 Mil) but then increased from Dec. 2023 (¥174.12 Mil) to Mar. 2024 (¥240.75 Mil).

Jiangxi Hungpai New Material Co's annual cash and cash equivalents declined from Dec. 2021 (¥370.32 Mil) to Dec. 2022 (¥364.43 Mil) and declined from Dec. 2022 (¥364.43 Mil) to Dec. 2023 (¥174.12 Mil).

Jiangxi Hungpai New Material Co Cash And Cash Equivalents Historical Data

The historical data trend for Jiangxi Hungpai New Material 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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Jiangxi Hungpai New Material Co Cash And Cash Equivalents Chart

Jiangxi Hungpai New Material Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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143.19

580.56

370.32

364.43

174.12

Jiangxi Hungpai New Material 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															359.66	260.64	339.96	174.12	240.75

Jiangxi Hungpai New Material 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.

Jiangxi Hungpai New Material Co (SHSE:605366) 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.

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Jiangxi Hungpai New Material Co (SHSE:605366) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangxi Hungpai New Material Co Ltd (SHSE:605366) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

Industrial 9th ??Road, Tashan Industrial Park, Jiangxi Province, Leping, CHN, 333332

Website

http://www.hungpai.net

Jiangxi Hungpai New Material Co Ltd is engaged in research and development, production and sales of new silicon-based materials such as functional silanes, nano-silicon materials and other chemical additives. The company's products include Silane Coupling Agent, Anti-Reversion Agent, Antioxidant Agent, Manufacturing Additive Agent, Prevent Blooming Agent, Raw Chemical Material, Silicone Products Series, Fumed Silica, Anti-Adherent Agent, and Silane coupling agent series.

Executives

Lin Qing Song	Director
Ji Jin Shu	Director
Zhang Jie	senior management
Song Jian Kun	Supervisors
Hu Cheng Fa	senior management
Lang Feng Ping	Directors, senior managers
Li Ming Zai	senior management
Chen Jie	senior management
Wu Hua	Director

Jiangxi Hungpai New Material Co (SHSE:605366) Headlines

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