Sunny Friend Environmental Technology Co (TPE:8341) Cash And Cash Equivalents : NT$607 Mil (As of Mar. 2024)

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What is Sunny Friend Environmental Technology Co Cash And Cash Equivalents?

Sunny Friend Environmental Technology Co's quarterly cash and cash equivalents increased from Sep. 2023 (NT$514.01 Mil) to Dec. 2023 (NT$759.07 Mil) but then stayed the same from Dec. 2023 (NT$759.07 Mil) to Mar. 2024 (NT$606.74 Mil).

Sunny Friend Environmental Technology Co's annual cash and cash equivalents increased from Dec. 2021 (NT$796.26 Mil) to Dec. 2022 (NT$874.08 Mil) but then declined from Dec. 2022 (NT$874.08 Mil) to Dec. 2023 (NT$759.07 Mil).

Sunny Friend Environmental Technology Co Cash And Cash Equivalents Historical Data

The historical data trend for Sunny Friend Environmental 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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Sunny Friend Environmental Technology Co Cash And Cash Equivalents Chart

Sunny Friend Environmental Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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628.10

940.16

796.26

874.08

759.07

Sunny Friend Environmental Technology 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															758.06	2,337.64	514.01	759.07	606.74

Sunny Friend Environmental 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.

Sunny Friend Environmental Technology Co (TPE:8341) 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.

Sunny Friend Environmental Technology Co Cash And Cash Equivalents Related Terms

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Sunny Friend Environmental Technology Co (TPE:8341) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Sunny Friend Environmental Technology Co (TPE:8341) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

No.1-20, Yuan Dong Road, Yuanchang Township, Yunlin County, TWN, 655

Website

https://www.sunnyfriend.com.tw

Sunny Friend Environmental Technology Co operates medical waste treatment plants. It uses technology to handle various types of hazardous waste and collects, incinerates, solidifies, and develops solutions to streamline disposal. Various subsidiaries are in Asia to provide services to medical institutions, dispose of batteries, and offer waste treatment and engineering consultations. The company works to recover materials from waste, recycle resources, and conduct environmental tests to discover innovative solutions. Removal vehicles improve communication with customers and are fully equipped to monitor and transmit all cleaning and incineration records back to Sunny Friend's data centers. It generates the majority of its revenue from waste disposal.

Sunny Friend Environmental Technology Co (TPE:8341) Headlines

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