Montnets Cloud Technology Group Co (SZSE:002123) Cash And Cash Equivalents : ¥900 Mil (As of Mar. 2024)

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What is Montnets Cloud Technology Group Co Cash And Cash Equivalents?

Montnets Cloud Technology Group Co's quarterly cash and cash equivalents declined from Sep. 2023 (¥1,315.74 Mil) to Dec. 2023 (¥1,050.36 Mil) but then stayed the same from Dec. 2023 (¥1,050.36 Mil) to Mar. 2024 (¥900.22 Mil).

Montnets Cloud Technology Group Co's annual cash and cash equivalents increased from Dec. 2021 (¥750.70 Mil) to Dec. 2022 (¥1,428.75 Mil) but then declined from Dec. 2022 (¥1,428.75 Mil) to Dec. 2023 (¥1,050.36 Mil).

Montnets Cloud Technology Group Co Cash And Cash Equivalents Historical Data

The historical data trend for Montnets Cloud Technology Group 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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Montnets Cloud Technology Group Co Cash And Cash Equivalents Chart

Montnets Cloud Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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688.65

1,088.46

750.70

1,428.75

1,050.36

Montnets Cloud Technology Group 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															1,064.50	1,089.74	1,315.74	1,050.36	900.22

Montnets Cloud Technology Group 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.

Montnets Cloud Technology Group Co (SZSE:002123) 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.

Montnets Cloud Technology Group Co Cash And Cash Equivalents Related Terms

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Montnets Cloud Technology Group Co (SZSE:002123) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Montnets Cloud Technology Group Co Ltd (SZSE:002123) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

High-tech Middle Road, Longtaili Building, No. 30, Nanshan District, Shenzhen, CHN

Website

https://www.montnets.com

Montnets Cloud Technology Group Co Ltd is a cloud communication service provider in China. The company has constructed four-in-one enterprise cloud communication service ecosystem, namely IM cloud, MVaaS, Terminal cloud, IoT cloud to provide comprehensive cloud communication services for enterprises.

Executives

Tian Fei Chong	Directors, executives
Yu Wen Sheng	Director
Wen Li	Executives
Li Ju Chun	Executives
Jin Yong	Executives
Zhu Wen Wen	Directors, executives
Huang Yong Gang	Directors, executives
Li Ji Wen	Directors, executives
Shi Yong Qi	Supervisors
Zuo Qiang	Directors, executives
Chen Xin	Directors, executives
Zhao Dian Bo	Directors, executives
Wang Dai Yan	Executives
Ma Cheng Jia	Director
Jiao Dong Liang	Executives

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