Xiamen Xinde Co (SZSE:000701) Cash And Cash Equivalents : ¥5,146 Mil (As of Mar. 2024)

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What is Xiamen Xinde Co Cash And Cash Equivalents?

Xiamen Xinde Co's quarterly cash and cash equivalents declined from Sep. 2023 (¥2,961.56 Mil) to Dec. 2023 (¥2,079.84 Mil) but then increased from Dec. 2023 (¥2,079.84 Mil) to Mar. 2024 (¥5,146.10 Mil).

Xiamen Xinde Co's annual cash and cash equivalents increased from Dec. 2021 (¥3,006.67 Mil) to Dec. 2022 (¥3,401.91 Mil) but then declined from Dec. 2022 (¥3,401.91 Mil) to Dec. 2023 (¥2,079.84 Mil).

Xiamen Xinde Co Cash And Cash Equivalents Historical Data

The historical data trend for Xiamen Xinde 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.

Xiamen Xinde Co Cash And Cash Equivalents Chart

Xiamen Xinde Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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3,203.56

1,741.97

3,006.67

3,401.91

2,079.84

Xiamen Xinde 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															2,828.33	3,664.14	2,961.56	2,079.84	5,146.10

Xiamen Xinde 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.

Xiamen Xinde Co (SZSE:000701) 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.

Xiamen Xinde Co Cash And Cash Equivalents Related Terms

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Xiamen Xinde Co (SZSE:000701) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Xiamen Xinde Co Ltd (SZSE:000701) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

Xinhong Building, 2F, Huli District, Xiamen, Fujian, CHN, 361006

Website

http://www.xindeco.com

Xiamen Xinde Co Ltd focuses on the Electronic Information industry and has built the industry framework with several pillar businesses covering Ultra-high Brightness LED Packaging, application development, and production, electronic labels, as well as development and production of security products.

Executives

Huang Jun Feng	Executives
Fu Ben Sheng	Directors, executives
Wang Ming Cheng	Directors, executives
Chen Ge	Executives
Ceng Ting Yi	Director
Jiang Feng	Executives
Chen Hong	Secretary, Director
Wang Xiao Shun	Supervisors
Hong Shuang Hua	Supervisors
Du Shao Hua	Directors, executives
Fan Dan	Executives
Zhou Kun Shan	Director
Tong Jin Zhi	Director
Wang Mei Ling	Supervisors, within half a year of separation
Huang Li Hong	Directors, executives

Xiamen Xinde Co (SZSE:000701) Headlines

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