Wuxi Delinhai Environmental Technology Co (SHSE:688069) Cash And Cash Equivalents : ¥204.0 Mil (As of Mar. 2024)

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What is Wuxi Delinhai Environmental Technology Co Cash And Cash Equivalents?

Wuxi Delinhai Environmental Technology Co's quarterly cash and cash equivalents declined from Sep. 2023 (¥230.04 Mil) to Dec. 2023 (¥219.59 Mil) but then stayed the same from Dec. 2023 (¥219.59 Mil) to Mar. 2024 (¥204.05 Mil).

Wuxi Delinhai Environmental Technology Co's annual cash and cash equivalents increased from Dec. 2021 (¥232.61 Mil) to Dec. 2022 (¥529.39 Mil) but then declined from Dec. 2022 (¥529.39 Mil) to Dec. 2023 (¥219.59 Mil).

Wuxi Delinhai Environmental Technology Co Cash And Cash Equivalents Historical Data

The historical data trend for Wuxi Delinhai Environmental 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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Wuxi Delinhai Environmental Technology Co Cash And Cash Equivalents Chart

Wuxi Delinhai Environmental Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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122.95

186.13

232.61

529.39

219.59

Wuxi Delinhai Environmental 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															290.81	714.59	230.04	219.59	204.05

Wuxi Delinhai Environmental 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.

Wuxi Delinhai Environmental Technology Co (SHSE:688069) 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.

Wuxi Delinhai Environmental Technology Co Cash And Cash Equivalents Related Terms

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Wuxi Delinhai Environmental Technology Co (SHSE:688069) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuxi Delinhai Environmental Technology Co Ltd (SHSE:688069) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

No. 88 Meiliang Road, Binhu District, Jiangsu Province, Wuxi, CHN, 214092

Website

http://www.wxdlh.com

Wuxi Delinhai Environmental Technology Co Ltd is engaged in provision of emergency treatment of cyanobacteria blooms in lakes and reservoirs, and prevention and control of cyanobacteria blooms. The company develops, sells and integrates cyanobacteria in accordance with the government's dual public demand for lake and reservoir cyanobacteria control provides operation and maintenance technology equipment and professional operation and maintenance services for algae water separation station and other cyanobacteria treatment technology equipment.

Executives

Hu Hang Yu	Supervisors
Sun Yang	Director, core technical staff
Ma Jian Hua	Directors, senior managers
Hu Ming Ming	Directors, senior managers, core technical personn
Ding Xi Qing	senior management

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