Meiwu Technology Co (Meiwu Technology Co) Cash And Cash Equivalents : $15.78 Mil (As of Jun. 2023)

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What is Meiwu Technology Co Cash And Cash Equivalents?

Meiwu Technology Co's quarterly cash and cash equivalents declined from Jun. 2022 ($24.47 Mil) to Dec. 2022 ($23.72 Mil) but then stayed the same from Dec. 2022 ($23.72 Mil) to Jun. 2023 ($15.78 Mil).

Meiwu Technology Co's annual cash and cash equivalents increased from Dec. 2020 ($7.03 Mil) to Dec. 2021 ($26.63 Mil) but then declined from Dec. 2021 ($26.63 Mil) to Dec. 2022 ($23.72 Mil).

Meiwu Technology Co Cash And Cash Equivalents Historical Data

The historical data trend for Meiwu 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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Meiwu Technology Co Cash And Cash Equivalents Chart

Meiwu Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

0.10

0.55

7.03

26.63

23.72

Meiwu Technology Co Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash And Cash Equivalents	Get a 7-Day Free Trial					0.49	26.63	24.47	23.72	15.78

Meiwu 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.

Meiwu Technology Co (NAS:WNW) 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.

Meiwu Technology Co Cash And Cash Equivalents Related Terms

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Meiwu Technology Co (Meiwu Technology Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Meiwu Technology Co Ltd (NAS:WNW) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 743 Zhoushi Road, Hangcheng Street, 1602, Building C, Shenye Century Industrial Center, Bao’an District, Shenzhen, CHN

Website

https://www.wnw108.com

Meiwu Technology Co Ltd operates as an online food retail store and franchise restaurants in China. The products offered include green food, organic food, intangible cultural heritage food products, agricultural products bearing geographical indications, and pollution-free products. It operates in three segments: Clean Food Platform, which generates nearly all of its revenue; Restaurant; and Others.