Weiqiao Textile Co (Weiqiao Textile Co) Cash And Cash Equivalents : $1,412 Mil (As of Jun. 2023)

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What is Weiqiao Textile Co Cash And Cash Equivalents?

Weiqiao Textile Co's quarterly cash and cash equivalents increased from Jun. 2022 ($1,610.28 Mil) to Dec. 2022 ($1,635.47 Mil) but then stayed the same from Dec. 2022 ($1,635.47 Mil) to Jun. 2023 ($1,411.73 Mil).

Weiqiao Textile Co's annual cash and cash equivalents increased from Dec. 2020 ($1,721.61 Mil) to Dec. 2021 ($1,815.87 Mil) but then declined from Dec. 2021 ($1,815.87 Mil) to Dec. 2022 ($1,635.47 Mil).

Weiqiao Textile Co Cash And Cash Equivalents Historical Data

The historical data trend for Weiqiao Textile 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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Weiqiao Textile Co Cash And Cash Equivalents Chart

Weiqiao Textile Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

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1,394.10

1,408.01

1,721.61

1,815.87

1,635.47

Weiqiao Textile Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash And Cash Equivalents	Get a 7-Day Free Trial															1,850.52	1,815.87	1,610.28	1,635.47	1,411.73

Weiqiao Textile 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.

Weiqiao Textile Co (OTCPK:WQTEF) 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.

Weiqiao Textile Co Cash And Cash Equivalents Related Terms

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Weiqiao Textile Co (Weiqiao Textile Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Weiqiao Textile Co Ltd (OTCPK:WQTEF) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

02698:Hong Kong WEZ:Germany

Address

No. 1, Wei Fang Road, Zouping Economic Development Zone, Zouping City, Shandong Province, Binzhou, CHN, 256200

Website

http://www.wqfz.com

Weiqiao Textile Co Ltd produces, sells, and distributes textiles including cotton yarn, grey fabric, and denim. Its geographical segment includes Mainland China, Southeast Asia, Hong Kong, South Asia, East Asia, and Other regions. The majority of the company's revenue is generated from Mainland China. It operates in two segments. The textile products segment produces and sells cotton yarn, grey fabric, and denim. The electricity and steam segment generates electricity and steam for internal use in the production of textile products and also for sale to external customers.

Weiqiao Textile Co (Weiqiao Textile Co) Headlines

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