China Eastern Airlines (STU:CIAH) Cash And Cash Equivalents : €542 Mil (As of Dec. 2024)

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What is China Eastern Airlines Cash And Cash Equivalents?

China Eastern Airlines's quarterly cash and cash equivalents increased from Jun. 2024 (€493.52 Mil) to Sep. 2024 (€833.26 Mil) but then stayed the same from Sep. 2024 (€833.26 Mil) to Dec. 2024 (€542.12 Mil).

China Eastern Airlines's annual cash and cash equivalents declined from Dec. 2022 (€2,440.94 Mil) to Dec. 2023 (€1,563.87 Mil) and declined from Dec. 2023 (€1,563.87 Mil) to Dec. 2024 (€542.12 Mil).

China Eastern Airlines Cash And Cash Equivalents Historical Data

The historical data trend for China Eastern Airlines'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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China Eastern Airlines Cash And Cash Equivalents Chart

China Eastern Airlines Annual Data

Trend

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Dec24

Cash And Cash Equivalents

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963.25

1,801.04

2,440.94

1,563.87

542.12

China Eastern Airlines Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial															1,563.87	659.84	493.52	833.26	542.12

China Eastern Airlines 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.

China Eastern Airlines (STU:CIAH) 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.

China Eastern Airlines Cash And Cash Equivalents Related Terms

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China Eastern Airlines Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Eastern Airlines Corp Ltd (STU:CIAH) » Definitions » Cash And Cash Equivalents

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CHEAF:USA 00670:Hong Kong 600115:China

Address

36 Hongxiang 3rd Road, 5th Floor, Block A2, CEA Building, Northern District, Minhang District, Shanghai, CHN, 201100

Website

https://www.ceair.com

China Eastern Airlines is based in Shanghai and is one of the three largest state-owned airlines in China. The group operated a fleet of 782 aircraft as of 2023 and carried more than 130 million passengers in prepandemic 2019. It runs a hub-and-spoke model under which it gathers and distributes passengers from air hubs like Shanghai, Beijing, Xi'an, and Kunming.

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