Shandong Fengxiang Co (HKSE:09977) Cash, Cash Equivalents, Marketable Securities : HK$371 Mil (As of Dec. 2022)

View and export this data going back to 2020. Start your Free Trial

What is Shandong Fengxiang Co Cash, Cash Equivalents, Marketable Securities?

Shandong Fengxiang Co's quarterly cash, cash equivalents, marketable securities declined from Dec. 2021 (HK$2,271.11 Mil) to Jun. 2022 (HK$1,355.49 Mil) but then stayed the same from Jun. 2022 (HK$1,355.49 Mil) to Dec. 2022 (HK$370.92 Mil).

Shandong Fengxiang Co's annual cash, cash equivalents, marketable securities declined from Dec. 2021 (HK$2,271.11 Mil) to Dec. 2022 (HK$370.92 Mil) and declined from Dec. 2022 (HK$370.92 Mil) to Dec. 2023 (HK$217.44 Mil).

Shandong Fengxiang Co Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Shandong Fengxiang 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.

Shandong Fengxiang Co Cash, Cash Equivalents, Marketable Securities Chart

Shandong Fengxiang Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

Get a 7-Day Free Trial

626.89

1,844.69

2,271.11

370.92

217.44

Shandong Fengxiang Co Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial							2,308.27	2,271.11	1,355.49	370.92	217.44

Shandong Fengxiang 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.

Shandong Fengxiang Co (HKSE:09977) 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.

Shandong Fengxiang Co Cash, Cash Equivalents, Marketable Securities Related Terms

Thank you for viewing the detailed overview of Shandong Fengxiang Co's Cash, Cash Equivalents, Marketable Securities provided by GuruFocus.com. Please click on the following links to see related term pages.

Shandong Fengxiang Co (HKSE:09977) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shandong Fengxiang Co Ltd (HKSE:09977) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

Liumiao Village, Anle Town, Yanggu County, Shandong Province, Liaocheng, CHN

Website

http://www.fengxiang.com

Shandong Fengxiang Co Ltd is a white-feathered broiler producer in the PRC. The company produces its chicken meat products from white-feathered broilers. It also manufactures and markets a wide range of processed chicken meat products. Its main products include chicken meat products, which consist of raw chicken meat products and processed chicken meat products, and chicken breeds.

Shandong Fengxiang Co (HKSE:09977) Headlines

No Headlines