Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co (HKSE:09663) Cash, Cash Equivalents, Marketable Securities : HK$1,764.2 Mil (As of Dec. 2023)

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What is Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co Cash, Cash Equivalents, Marketable Securities?

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co's quarterly cash, cash equivalents, marketable securities declined from Dec. 2021 (HK$871.60 Mil) to Dec. 2022 (HK$802.90 Mil) but then increased from Dec. 2022 (HK$802.90 Mil) to Dec. 2023 (HK$1,764.21 Mil).

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co's annual cash, cash equivalents, marketable securities declined from Dec. 2021 (HK$871.60 Mil) to Dec. 2022 (HK$802.90 Mil) but then increased from Dec. 2022 (HK$802.90 Mil) to Dec. 2023 (HK$1,764.21 Mil).

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co's Cash, Cash Equivalents, Marketable Securities 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.

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co Cash, Cash Equivalents, Marketable Securities Chart

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

555.58

871.60

802.90

1,764.21

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Cash, Cash Equivalents, Marketable Securities	555.58	871.60	802.90	1,764.21

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co (HKSE:09663) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co Cash, Cash Equivalents, Marketable Securities Related Terms

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Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co Ltd (HKSE:09663) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 501-2, Block No. 37, Hangzhou Bay New Economic Park, Port District, Zhejiang Province, Jiaxing City, CHN

Website

https://www.sinosynergypower.com

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co Ltd is a technology-based hydrogen fuel cell company in the PRC focusing on research, development, production, and sales of hydrogen fuel cell stacks and hydrogen fuel cell systems. Its products include flexible graphite bipolar plates, hydrogen fuel cell stacks, and hydrogen fuel cell systems.

Executives

Silver Lion International Limited	2101 Beneficial owner
Sung Billy	2101 Beneficial owner
Huatai Securities Co., Ltd.	2201 Interest of corporation controlled by you
Yatai Nengyuan Trade Limited	2101 Beneficial owner
Dong Xing An Xin Hao Dan Yi Zi Chan Guan Li Ji Hua	2301 Trustee
Jia Xing Bin Hai Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhe Jiang Qing Neng Chan Ye Fa Zhan You Xian Gong Si	2101 Beneficial owner
Zhong Cheng Xin Tuo You Xian Ze Ren Gong Si	2301 Trustee

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