Iflytek Co (SZSE:002230) Cash And Cash Equivalents : ¥2,678 Mil (As of Mar. 2024)

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What is Iflytek Co Cash And Cash Equivalents?

Iflytek Co's quarterly cash and cash equivalents increased from Sep. 2023 (¥3,398.15 Mil) to Dec. 2023 (¥3,562.64 Mil) but then stayed the same from Dec. 2023 (¥3,562.64 Mil) to Mar. 2024 (¥2,678.35 Mil).

Iflytek Co's annual cash and cash equivalents declined from Dec. 2021 (¥5,869.93 Mil) to Dec. 2022 (¥4,346.39 Mil) and declined from Dec. 2022 (¥4,346.39 Mil) to Dec. 2023 (¥3,562.64 Mil).

Iflytek Co Cash And Cash Equivalents Historical Data

The historical data trend for Iflytek 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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Iflytek Co Cash And Cash Equivalents Chart

Iflytek Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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3,828.63

5,350.03

5,869.93

4,346.39

3,562.64

Iflytek 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															3,219.37	3,697.39	3,398.15	3,562.64	2,678.35

Iflytek 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.

Iflytek Co (SZSE:002230) 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.

Iflytek Co Cash And Cash Equivalents Related Terms

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Iflytek Co (SZSE:002230) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Iflytek Co Ltd (SZSE:002230) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

National Intelligent Speech High-tech Industrialization Base, No. 666, Wangjiang Road West, Anhui Province, Hefei, CHN, 230088

Website

http://www.iflytek.com

Iflytek Co Ltd is a software enterprise, which is dedicated towards research of intelligent speech and language technologies. The speech technologies comprise speech synthesis and speech recognition to enable human-machine speech communication as convenient as human-human communication. In addition, the speech technologies also include oral language evaluation, speech coding, timbre transformation and noise reduction.

Executives

Liu Qing Feng	Director
Shu Hua Ying	Independent director
Hu Yu	Directors, executives
Chen Tao	Directors, executives
Wu Xiao Ru	Directors, executives
Jiang Tao	Directors, executives
Nie Xiao Lin	Directors, executives
Du Lan	Executives
Zhang Shao Bing	Executives
Zhang Lan	Supervisors
Zhao Hui Fang	Independent director
Xu Yu Lin	Supervisors
Yan Jun	Supervisors
Li Jian	Independent director
Yang Rui	Securities Affairs Representative

Iflytek Co (SZSE:002230) Headlines

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