Zhejiang Runtu Co (SZSE:002440) Cash And Cash Equivalents : ¥2,006 Mil (As of Mar. 2024)

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What is Zhejiang Runtu Co Cash And Cash Equivalents?

Zhejiang Runtu Co's quarterly cash and cash equivalents increased from Sep. 2023 (¥1,779.03 Mil) to Dec. 2023 (¥1,783.03 Mil) and increased from Dec. 2023 (¥1,783.03 Mil) to Mar. 2024 (¥2,005.95 Mil).

Zhejiang Runtu Co's annual cash and cash equivalents increased from Dec. 2021 (¥1,112.89 Mil) to Dec. 2022 (¥1,952.56 Mil) but then declined from Dec. 2022 (¥1,952.56 Mil) to Dec. 2023 (¥1,783.03 Mil).

Zhejiang Runtu Co Cash And Cash Equivalents Historical Data

The historical data trend for Zhejiang Runtu 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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Zhejiang Runtu Co Cash And Cash Equivalents Chart

Zhejiang Runtu Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,044.28

2,064.64

1,112.89

1,952.56

1,783.03

Zhejiang Runtu 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															1,739.55	2,017.86	1,779.03	1,783.03	2,005.95

Zhejiang Runtu 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.

Zhejiang Runtu Co (SZSE:002440) 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.

Zhejiang Runtu Co Cash And Cash Equivalents Related Terms

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Zhejiang Runtu Co (SZSE:002440) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zhejiang Runtu Co Ltd (SZSE:002440) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

daoxu town, shangyu city, zhejiang province, CHN

Website

http://www.runtuchem.com

Zhejiang Runtu Co Ltd produces and sells disperse, reactive, direct, blended, cation, and original dyes. The company also deals in chemical intermediates, textile auxiliaries, insurance powder, sulfuric acid, chlor-alkali, and hydrogen peroxide.

Executives

Zhao Guo Sheng	Directors, executives
Ruan Jia Chun	Director
Ruan Xing Xiang	Director
Ruan Guang Dong	Directors, executives
Chen He Mei	Independent director
Zhou Cheng Yu	Executives
Xu Wan Fu	Directors, executives
Ruan Jing Bo	Director
Qi Rong Hua	Securities Affairs Representative
Luo Yi Jia	Supervisors
Han Ming Juan	Supervisors
Jing Zhe Hu	Executives
Liu Bo Ping	Securities Affairs Representative
Zhang Tian Fu	Independent director
Ruan Jia Gen	Director

Zhejiang Runtu Co (SZSE:002440) Headlines

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