Weichai Power Co (SZSE:000338) Cash And Cash Equivalents : ¥88,027 Mil (As of Mar. 2024)

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What is Weichai Power Co Cash And Cash Equivalents?

Weichai Power Co's quarterly cash and cash equivalents increased from Sep. 2023 (¥82,044.37 Mil) to Dec. 2023 (¥92,856.87 Mil) but then stayed the same from Dec. 2023 (¥92,856.87 Mil) to Mar. 2024 (¥88,026.63 Mil).

Weichai Power Co's annual cash and cash equivalents declined from Dec. 2021 (¥79,678.75 Mil) to Dec. 2022 (¥70,841.69 Mil) but then increased from Dec. 2022 (¥70,841.69 Mil) to Dec. 2023 (¥92,856.87 Mil).

Weichai Power Co Cash And Cash Equivalents Historical Data

The historical data trend for Weichai Power 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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Weichai Power Co Cash And Cash Equivalents Chart

Weichai Power Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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48,817.62

62,429.26

79,678.75

70,841.69

92,856.87

Weichai Power 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															72,644.74	76,747.31	82,044.37	92,856.87	88,026.63

Weichai Power 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.

Weichai Power Co (SZSE:000338) 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.

Weichai Power Co Cash And Cash Equivalents Related Terms

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Weichai Power Co (SZSE:000338) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Weichai Power Co Ltd (SZSE:000338) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

WEICF:USA 02338:Hong Kong WI4:Germany

Address

197, Section A, Fu Shou East Street, High Technology Industrial Development Zone, Shandong Province, Weifang, CHN, 261061

Website

https://www.weichaipower.com

Weichai Power Co Ltd is an industrial technology company that offers vehicles, equipment, and logistics and supply chain services in China. The operating segments of the company are 1) Engines segment includes the manufacturing and sale of engines and related parts; 2) Automobiles and automobile components include the manufacturing and sale of automobiles and automobile components other than Engines; 3) Agricultural equipment includes the manufacturing and sale of agricultural equipment (complete machineries), agricultural machineries, agricultural vehicles and related parts; 4) Intelligent logistics includes forklift trucks production, warehousing technology and supply chain solution services.

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