Chengdu Shengbang Seals Co (SZSE:301233) Cash And Cash Equivalents : ¥136.2 Mil (As of Sep. 2024)

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What is Chengdu Shengbang Seals Co Cash And Cash Equivalents?

Chengdu Shengbang Seals Co's quarterly cash and cash equivalents increased from Mar. 2024 (¥101.92 Mil) to Jun. 2024 (¥103.30 Mil) and increased from Jun. 2024 (¥103.30 Mil) to Sep. 2024 (¥136.15 Mil).

Chengdu Shengbang Seals Co's annual cash and cash equivalents increased from Dec. 2021 (¥128.06 Mil) to Dec. 2022 (¥312.90 Mil) but then declined from Dec. 2022 (¥312.90 Mil) to Dec. 2023 (¥129.42 Mil).

Chengdu Shengbang Seals Co Cash And Cash Equivalents Historical Data

The historical data trend for Chengdu Shengbang Seals 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.

* Premium members only.

Chengdu Shengbang Seals Co Cash And Cash Equivalents Chart

Chengdu Shengbang Seals Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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50.60

72.00

128.06

312.90

129.42

Chengdu Shengbang Seals Co Quarterly Data
	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial															132.63	129.42	101.92	103.30	136.15

Chengdu Shengbang Seals 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.

Chengdu Shengbang Seals Co (SZSE:301233) 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.

Chengdu Shengbang Seals Co Cash And Cash Equivalents Related Terms

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Chengdu Shengbang Seals Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Chengdu Shengbang Seals Co Ltd (SZSE:301233) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1388, Konggang 2nd Road, Southwest Airport Economic Development Zone, Shuangliu District, Sichuan Province, Chengdu, CHN, 610207

Website

http://www.chsbs.com

Chengdu Shengbang Seals Co Ltd is engaged in the research and development, production and sales of rubber polymer material products.

Executives

Fu Qiang	Directors, executives
Fan De Bo	Directors, executives
Huang Li	Directors, executives
Yu Quan Sheng	Supervisors
Hu Ji Lin	Supervisors
Lai Kai	Directors, executives
Lai Xi Long	Director

Chengdu Shengbang Seals Co Headlines

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