ChinaEtek Service and Technology Co (SZSE:301208) Cash And Cash Equivalents : ¥883 Mil (As of Mar. 2024)

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What is ChinaEtek Service and Technology Co Cash And Cash Equivalents?

ChinaEtek Service and Technology Co's quarterly cash and cash equivalents increased from Sep. 2023 (¥929.57 Mil) to Dec. 2023 (¥1,081.15 Mil) but then stayed the same from Dec. 2023 (¥1,081.15 Mil) to Mar. 2024 (¥883.32 Mil).

ChinaEtek Service and Technology Co's annual cash and cash equivalents increased from Dec. 2021 (¥453.18 Mil) to Dec. 2022 (¥1,201.60 Mil) but then declined from Dec. 2022 (¥1,201.60 Mil) to Dec. 2023 (¥1,081.15 Mil).

ChinaEtek Service and Technology Co Cash And Cash Equivalents Historical Data

The historical data trend for ChinaEtek Service and Technology 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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ChinaEtek Service and Technology Co Cash And Cash Equivalents Chart

ChinaEtek Service and Technology Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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299.22

358.70

453.18

1,201.60

1,081.15

ChinaEtek Service and Technology Co Quarterly Data
	Dec17	Dec18	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															1,029.72	1,062.76	929.57	1,081.15	883.32

ChinaEtek Service and Technology 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.

ChinaEtek Service and Technology Co (SZSE:301208) 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.

ChinaEtek Service and Technology Co Cash And Cash Equivalents Related Terms

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ChinaEtek Service and Technology Co (SZSE:301208) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ChinaEtek Service and Technology Co Ltd (SZSE:301208) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

No. 68 Xueyuan South Road, Room 501, Block A, Ji'an Building, Haidian District, Beijing, CHN, 100037

Website

http://www.ce-service.com.cn

ChinaEtek Service and Technology Co Ltd is a comprehensive provider of IT architecture services and products in China. It offers information technology operation and maintenance services, original software and hardware products, independent intelligent operation and maintenance products and operation data analysis services.

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