Feitian Technologies Co (SZSE:300386) Cash And Cash Equivalents : ¥214.5 Mil (As of Mar. 2024)

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What is Feitian Technologies Co Cash And Cash Equivalents?

Feitian Technologies Co's quarterly cash and cash equivalents increased from Sep. 2023 (¥206.06 Mil) to Dec. 2023 (¥313.39 Mil) but then stayed the same from Dec. 2023 (¥313.39 Mil) to Mar. 2024 (¥214.49 Mil).

Feitian Technologies Co's annual cash and cash equivalents declined from Dec. 2021 (¥720.26 Mil) to Dec. 2022 (¥424.66 Mil) and declined from Dec. 2022 (¥424.66 Mil) to Dec. 2023 (¥313.39 Mil).

Feitian Technologies Co Cash And Cash Equivalents Historical Data

The historical data trend for Feitian Technologies 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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Feitian Technologies Co Cash And Cash Equivalents Chart

Feitian Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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503.01

773.99

720.26

424.66

313.39

Feitian Technologies 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															337.19	251.15	206.06	313.39	214.49

Feitian Technologies 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.

Feitian Technologies Co (SZSE:300386) 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.

Feitian Technologies Co Cash And Cash Equivalents Related Terms

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Feitian Technologies Co (SZSE:300386) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Feitian Technologies Co Ltd (SZSE:300386) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

No.9 Xueqing Road, 17th Floor, Building B, Huizhi Building, Haidian District, Beijing, CHN, 100085

Website

http://www.ftsafe.com

Feitian Technologies Co Ltd is a supplier of user authentication and transaction security for China Online Banking. The company offers public key infrastructure authentication tokens, one time password tokens, software protection dongles, contact and contactless smart card readers. It also provides turnkey solutions like secure hardware, operating systems, middleware, software application, and services such as personalization and remote lifecycle management. The company's customers include financial institution, telecom, government and business enterprises. Its product lines feature contact and contactless smart cards, EMV chip cards, payment terminals, and user authentication solutions for secure online banking and transaction security.

Executives

Li Wei	Directors, executives
Yu Hua Zhang	Executives
Huang Yu	Director
Han Xue Feng	Directors, executives
Li Qi	Independent director
Lu Zhou	Directors, executives
Yan Yan	Executives

Feitian Technologies Co (SZSE:300386) Headlines

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