Ningbo Ocean Shipping Co (SHSE:601022) Cash per Share : ¥0.90 (As of Mar. 2024)

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What is Ningbo Ocean Shipping Co Cash per Share?

Cash per Share is calculated as Cash, Cash Equivalents, Marketable Securities divided by Shares Outstanding (EOP). Ningbo Ocean Shipping Co's Cash per Share for the quarter that ended in Mar. 2024 was ¥0.90.

Ningbo Ocean Shipping Co Cash per Share Historical Data

The historical data trend for Ningbo Ocean Shipping Co's Cash per Share 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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Ningbo Ocean Shipping Co Cash per Share Chart

Ningbo Ocean Shipping Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash per Share

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0.57

0.53

1.19

1.08

Ningbo Ocean Shipping Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash per Share	Get a 7-Day Free Trial											1.37	1.32	1.24	1.08	0.90

Ningbo Ocean Shipping Co Cash per Share Calculation

This is the ratio of a company's available cash, including easy to liquidate short-term investment, to its total number of shares outstanding. The result indicates the percentage of a company's share price that is available to spend on company's activities, such as strengthening the business, paying down the debt and making dividend payment to shareholders. It's a reliable indicator of a company's financial health.

Ningbo Ocean Shipping Co's Cash per Share for the fiscal year that ended in Dec. 2023 is calculated as:

Cash per Share	=	Cash, Cash Equivalents, Marketable Securities	/	Shares Outstanding (EOP)
	=	1415.049	/	1,309
	=	1.08

Ningbo Ocean Shipping Co's Cash per Share for the quarter that ended in Mar. 2024 is calculated as:

Cash per Share	=	Cash, Cash Equivalents, Marketable Securities	/	Shares Outstanding (EOP)
	=	1171.949	/	1,309
	=	0.90

Ningbo Ocean Shipping Co (SHSE:601022) Cash per Share Explanation

Cash per Share represents the liquidity of a compant's assets. A high level of Cash per Share suggests that there's enough money on hand for a company to cover any emergencies and that the company has adequate money to reinvest its business or pay dividends to investors. However, if the ratio is too high, it can also suggeust the inefficiency of management for not making a full usage of the cash.

Ningbo Ocean Shipping Co Cash per Share Related Terms

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Ningbo Ocean Shipping Co (SHSE:601022) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Ningbo Ocean Shipping Co Ltd (SHSE:601022) » Definitions » Cash per Share

Traded in Other Exchanges

N/A

Address

Building 2, Bei'an Fortune Center,, Jiangbei District, Zhejiang Province, Ningbo, CHN, 315020

Website

http://www.nbosco.com

Ningbo Ocean Shipping Co Ltd specializing in the operation of cross-strait, China-Japan, China-Korea, Southeast Asia container liner routes and domestic container public transportation.

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