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ZJK (ZJK Industrial Co) Cash, Cash Equivalents, Marketable Securities : $8.56 Mil (As of Jun. 2024)


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What is ZJK Industrial Co Cash, Cash Equivalents, Marketable Securities?

ZJK Industrial Co's quarterly cash, cash equivalents, marketable securities declined from Jun. 2023 ($3.57 Mil) to Dec. 2023 ($2.83 Mil) but then increased from Dec. 2023 ($2.83 Mil) to Jun. 2024 ($8.56 Mil).

ZJK Industrial Co's annual cash, cash equivalents, marketable securities increased from Dec. 2021 ($1.01 Mil) to Dec. 2022 ($1.10 Mil) and increased from Dec. 2022 ($1.10 Mil) to Dec. 2023 ($2.83 Mil).

ZJK Industrial Co Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for ZJK Industrial 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.

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ZJK Industrial Co Cash, Cash Equivalents, Marketable Securities Chart

ZJK Industrial Co Annual Data
Trend Dec21 Dec22 Dec23
Cash, Cash Equivalents, Marketable Securities
1.01 1.10 2.83

ZJK Industrial Co Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Cash, Cash Equivalents, Marketable Securities Get a 7-Day Free Trial - 1.10 3.57 2.83 8.56

ZJK Industrial 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.

ZJK Industrial Co  (NAS:ZJK) 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.

ZJK Industrial Co Cash, Cash Equivalents, Marketable Securities Related Terms

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ZJK Industrial Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ZJK Industrial Co Ltd (NAS:ZJK) » Definitions » Cash, Cash Equivalents, Marketable Securities
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Traded in Other Exchanges
N/A
Address
No.8, Jingqiang Road, 138 Industrial Zone, Xiuxin Community, Kengzi Town, Pingshan New Area, Shenzhen, CHN, 518122
Website
https://www.zjk-industrial.com
ZJK Industrial Co Ltd is a high-tech enterprise specialized in the manufacturing and sale of precision fasteners, structural parts, and other precision metal parts products for new energy vehicles, circuit boards, data centers, liquid cooling systems for high-speed supercomputers widely applied in the artificial intelligence industry, and intelligent electronic equipment, such as mobile phones, smart watches, drones, and 5G communication base stations. Its products include various standard screws, nuts, bolts, turning parts, stamping parts, and Computer Numerical Control (CNC) machining parts. The products are used in new energy vehicles, mobile phones, smart watches, drones, 5G communication base stations, circuit boards, liquid cooling systems, and other electronic equipment.