Guangzhou Tech-Long Packing Machine Co (SZSE:002209) Cash And Cash Equivalents : ¥390 Mil (As of Mar. 2024)

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What is Guangzhou Tech-Long Packing Machine Co Cash And Cash Equivalents?

Guangzhou Tech-Long Packing Machine Co's quarterly cash and cash equivalents increased from Sep. 2023 (¥406.63 Mil) to Dec. 2023 (¥429.43 Mil) but then stayed the same from Dec. 2023 (¥429.43 Mil) to Mar. 2024 (¥390.44 Mil).

Guangzhou Tech-Long Packing Machine Co's annual cash and cash equivalents declined from Dec. 2021 (¥227.06 Mil) to Dec. 2022 (¥197.31 Mil) but then increased from Dec. 2022 (¥197.31 Mil) to Dec. 2023 (¥429.43 Mil).

Guangzhou Tech-Long Packing Machine Co Cash And Cash Equivalents Historical Data

The historical data trend for Guangzhou Tech-Long Packing Machine 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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Guangzhou Tech-Long Packing Machine Co Cash And Cash Equivalents Chart

Guangzhou Tech-Long Packing Machine Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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194.60

181.92

227.06

197.31

429.43

Guangzhou Tech-Long Packing Machine 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															246.76	393.14	406.63	429.43	390.44

Guangzhou Tech-Long Packing Machine 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.

Guangzhou Tech-Long Packing Machine Co (SZSE:002209) 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.

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Guangzhou Tech-Long Packing Machine Co (SZSE:002209) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangzhou Tech-Long Packing Machine Co Ltd (SZSE:002209) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 23, Yunpu 1 Road, Huangpu District, Guangzhou, CHN, 510530

Website

http://www.tech-long.com

Guangzhou Tech-long Packing Machine Co. Ltd is a provider of turnkey solutions for global liquid product manufacturers. The company mainly provides equipment for the liquid packaging industry. Its products offer water treatment solutions, beverage pre-treatment systems, and others. The product portfolio includes water treatment system, blow molding machines, filling machine, large container filling machine, packaging machine, conveying machine and others.

Executives

Chen Gang	Director
Zhang Chong Ming	Executives
Zhang Song Ming	Directors, executives
Xie Wei	Supervisors
Wang Hao Hui	Independent director
Zou Da Qun	Director
Kong Xiang Jie	Directors, executives
Zhang Zan Ming	Executives
Wang Wei Dong	Directors, executives
Wang Zhong	Directors, executives

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