Jiangsu Shagang Co (SZSE:002075) Cash And Cash Equivalents : ¥6,062 Mil (As of Mar. 2024)

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What is Jiangsu Shagang Co Cash And Cash Equivalents?

Jiangsu Shagang Co's quarterly cash and cash equivalents increased from Sep. 2023 (¥3,320.55 Mil) to Dec. 2023 (¥6,417.84 Mil) but then stayed the same from Dec. 2023 (¥6,417.84 Mil) to Mar. 2024 (¥6,062.07 Mil).

Jiangsu Shagang Co's annual cash and cash equivalents increased from Dec. 2021 (¥317.27 Mil) to Dec. 2022 (¥1,547.71 Mil) and increased from Dec. 2022 (¥1,547.71 Mil) to Dec. 2023 (¥6,417.84 Mil).

Jiangsu Shagang Co Cash And Cash Equivalents Historical Data

The historical data trend for Jiangsu Shagang 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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Jiangsu Shagang Co Cash And Cash Equivalents Chart

Jiangsu Shagang Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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198.36

169.69

317.27

1,547.71

6,417.84

Jiangsu Shagang 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															1,388.91	1,722.76	3,320.55	6,417.84	6,062.07

Jiangsu Shagang 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 Shagang Co (SZSE:002075) 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 Shagang Co Cash And Cash Equivalents Related Terms

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Jiangsu Shagang Co (SZSE:002075) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jiangsu Shagang Co Ltd (SZSE:002075) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

Jinfeng Town, Shagang Building, Jiangsu, Zhangjiagang, CHN, 215625

Website

http://www.sha-steel.com

Jiangsu Shagang Co Ltd is engaged in ferrous metal smelting and rolling processing of steel products. It can produce diameter 280-800mm continuous casting round billet, rolled product specifications cover 12-300mm round bar and up to 300mm x 110mm, 250mm x 110mm Flat steel, annual output of spring steel, bearing steel, ship anchor chain steel, alloy billet steel, automotive steel and other special steel 3.2 million tons, the products sell well at home and abroad, used in automobiles, railways, petroleum, marine, mining, Coal, energy, machinery manufacturing and other industries.

Executives

Gao Wen Ping	Supervisors
Wang Zhen Lin	Directors, executives
Nie Wei	Supervisors
Di Ming Yong	Supervisors
Li Jing Hua	Director
Zhou Jian Qing	Directors, executives
Guo Zhao Xiang	Directors, executives
Xu Jun	Executives

Jiangsu Shagang Co (SZSE:002075) Headlines

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