Tongda Smart Tech (Xiamen) Co (SZSE:001368) Cash And Cash Equivalents : ¥287.9 Mil (As of Jun. 2024)

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What is Tongda Smart Tech (Xiamen) Co Cash And Cash Equivalents?

Tongda Smart Tech (Xiamen) Co's quarterly cash and cash equivalents declined from Dec. 2023 (¥529.11 Mil) to Mar. 2024 (¥422.41 Mil) but then stayed the same from Mar. 2024 (¥422.41 Mil) to Jun. 2024 (¥287.89 Mil).

Tongda Smart Tech (Xiamen) Co's annual cash and cash equivalents increased from Dec. 2021 (¥117.65 Mil) to Dec. 2022 (¥157.98 Mil) and increased from Dec. 2022 (¥157.98 Mil) to Dec. 2023 (¥529.11 Mil).

Tongda Smart Tech (Xiamen) Co Cash And Cash Equivalents Historical Data

The historical data trend for Tongda Smart Tech (Xiamen) 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.

Tongda Smart Tech (Xiamen) Co Cash And Cash Equivalents Chart

Tongda Smart Tech (Xiamen) Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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102.07

119.93

117.65

157.98

529.11

Tongda Smart Tech (Xiamen) Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash And Cash Equivalents	Get a 7-Day Free Trial										548.79	438.44	529.11	422.41	287.89

Tongda Smart Tech (Xiamen) 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.

Tongda Smart Tech (Xiamen) Co (SZSE:001368) 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.

Tongda Smart Tech (Xiamen) Co Cash And Cash Equivalents Related Terms

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Tongda Smart Tech (Xiamen) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Tongda Smart Tech (Xiamen) Co Ltd (SZSE:001368) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

No. 89 DingShan Middle Road, Dongfu Town, Fujian Province, Haicang District, Xiamen, CHN, 361027

Website

http://www.xmcz.cn

Tongda Smart Tech (Xiamen) Co Ltd is engaged in the research and development, production and sales of consumer products such as sports outdoor, home life, health care and others.

Tongda Smart Tech (Xiamen) Co Headlines

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