ZBAO (Zhibao Technology) Cash And Cash Equivalents : $3.86 Mil (As of Dec. 2024)

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What is Zhibao Technology Cash And Cash Equivalents?

Zhibao Technology's quarterly cash and cash equivalents declined from Dec. 2023 ($0.78 Mil) to Jun. 2024 ($0.33 Mil) but then increased from Jun. 2024 ($0.33 Mil) to Dec. 2024 ($3.86 Mil).

Zhibao Technology's annual cash and cash equivalents increased from Jun. 2022 ($0.39 Mil) to Jun. 2023 ($1.38 Mil) but then declined from Jun. 2023 ($1.38 Mil) to Jun. 2024 ($0.33 Mil).

Zhibao Technology Cash And Cash Equivalents Historical Data

The historical data trend for Zhibao Technology'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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Zhibao Technology Cash And Cash Equivalents Chart

Zhibao Technology Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Cash And Cash Equivalents

0.28

0.39

1.38

0.33

Zhibao Technology Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial			2.10	1.38	0.78	0.33	3.86

Zhibao Technology 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.

Zhibao Technology (NAS:ZBAO) 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.

Zhibao Technology Cash And Cash Equivalents Related Terms

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Zhibao Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Zhibao Technology Inc (NAS:ZBAO) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Floor 3, Building 6, Wuxing Road, Lane 727, Shanghai, CHN, 201204

Website

https://www.zhibao-tech.com

Zhibao Technology Inc is a insurance technology company engaged in providing digital insurance brokerage services in China. 2B2C digital embedded insurance is their business model which is pioneered in China. It provides customized digital insurance solutions for B-side channels (covering a wide range of industries and organizations, including but not limited to Internet platforms, large and medium-sized enterprises, and government agencies, etc.), embedding them into the channel's existing business matrix, and providing the channel with Provide digital insurance brokerage services to C-end customers.