Jiangsu Jibeier Pharmaceutical Co (SHSE:688566) Cash And Cash Equivalents : ¥482.8 Mil (As of Mar. 2024)

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What is Jiangsu Jibeier Pharmaceutical Co Cash And Cash Equivalents?

Jiangsu Jibeier Pharmaceutical Co's quarterly cash and cash equivalents increased from Sep. 2023 (¥518.28 Mil) to Dec. 2023 (¥694.88 Mil) but then stayed the same from Dec. 2023 (¥694.88 Mil) to Mar. 2024 (¥482.85 Mil).

Jiangsu Jibeier Pharmaceutical Co's annual cash and cash equivalents declined from Dec. 2021 (¥1,025.04 Mil) to Dec. 2022 (¥903.90 Mil) and declined from Dec. 2022 (¥903.90 Mil) to Dec. 2023 (¥694.88 Mil).

Jiangsu Jibeier Pharmaceutical Co Cash And Cash Equivalents Historical Data

The historical data trend for Jiangsu Jibeier Pharmaceutical 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.

* Premium members only.

Jiangsu Jibeier Pharmaceutical Co Cash And Cash Equivalents Chart

Jiangsu Jibeier Pharmaceutical Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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193.38

1,287.36

1,025.04

903.90

694.88

Jiangsu Jibeier Pharmaceutical 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															722.83	743.86	518.28	694.88	482.85

Jiangsu Jibeier Pharmaceutical 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.

Jiangsu Jibeier Pharmaceutical Co (SHSE:688566) 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.

Jiangsu Jibeier Pharmaceutical Co Cash And Cash Equivalents Related Terms

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Jiangsu Jibeier Pharmaceutical Co (SHSE:688566) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Jiangsu Jibeier Pharmaceutical Co Ltd (SHSE:688566) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

High-tech Industrial Development Zone, Jiangsu Province, Zhenjiang, CHN, 212000

Website

http://www.jibeier.com.cn

Jiangsu Jibeier Pharmaceutical Co Ltd specializes in the research, development, production and sales of chemical preparations, proprietary Chinese medicine preparations, and bulk medicines. The company's products include tablets, hard capsules, eye drops, and gels, agents, creams and other dosage. Its products are used in various application fields such as Cardiovascular drugs, Blood system drugs, Immune system drugs, Ophthalmic drugs, Antipyretic and analgesic drugs, Respiratory medicine, and other.

Executives

Wu Ying	senior management
Zhang Chun	Director
Zhao Suo Fu	senior management
Li Hai Dao	Core technical personnel
Di Jian Zhong	senior management
Qin Xu Feng	Core technical personnel
Wu Xiu Gen	Core technical personnel
Yu Xin Jun	Directors, senior managers
Hu Tao	Director

Jiangsu Jibeier Pharmaceutical Co (SHSE:688566) Headlines

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