Shanghai Yongli Belting Co (SZSE:300230) Cash And Cash Equivalents : ¥784 Mil (As of Jun. 2024)

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What is Shanghai Yongli Belting Co Cash And Cash Equivalents?

Shanghai Yongli Belting Co's quarterly cash and cash equivalents declined from Dec. 2023 (¥1,087.22 Mil) to Mar. 2024 (¥981.92 Mil) but then stayed the same from Mar. 2024 (¥981.92 Mil) to Jun. 2024 (¥783.55 Mil).

Shanghai Yongli Belting Co's annual cash and cash equivalents increased from Dec. 2021 (¥1,025.21 Mil) to Dec. 2022 (¥1,043.77 Mil) and increased from Dec. 2022 (¥1,043.77 Mil) to Dec. 2023 (¥1,087.22 Mil).

Shanghai Yongli Belting Co Cash And Cash Equivalents Historical Data

The historical data trend for Shanghai Yongli Belting 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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Shanghai Yongli Belting Co Cash And Cash Equivalents Chart

Shanghai Yongli Belting Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,019.55

1,133.57

1,025.21

1,043.77

1,087.22

Shanghai Yongli Belting Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash And Cash Equivalents	Get a 7-Day Free Trial															1,114.23	1,033.82	1,087.22	981.92	783.55

Shanghai Yongli Belting 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.

Shanghai Yongli Belting Co (SZSE:300230) 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.

Shanghai Yongli Belting Co Cash And Cash Equivalents Related Terms

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Shanghai Yongli Belting Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shanghai Yongli Belting Co Ltd (SZSE:300230) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

West of Xuhua Road, Xujing Town, Qingpu District, Shanghai, CHN

Website

http://www.yonglibelt.com

Shanghai Yongli Belting Co Ltd is mainly engaged in the research and development, production and sale of various types of light conveyor belts. Its main products are divided into two categories: light conveyor belts and precision molding products. Its products include polyvinyl chloride belts, oil resistant PVC belts, PVC treadmill belts, felt belts, hytrel belts, and silicone belts.

Executives

Huang Xiao Dong	Director
Yun Li Ming	Directors, executives
Jiang Feng	Executives
Shi Pei Hao	Director
Wang Yi Yi	Executives
Chen Zhi Liang	Supervisors
Yang Zhen Ping	Supervisors
Yu Cheng Lei	Directors, executives
Zhang Wei	Directors, executives

Shanghai Yongli Belting Co Headlines

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