Jiangsu Changbao Steeltube Co (SZSE:002478) Cash per Share : ¥2.57 (As of Mar. 2024)

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What is Jiangsu Changbao Steeltube Co Cash per Share?

Cash per Share is calculated as Cash, Cash Equivalents, Marketable Securities divided by Shares Outstanding (EOP). Jiangsu Changbao Steeltube Co's Cash per Share for the quarter that ended in Mar. 2024 was ¥2.57.

Jiangsu Changbao Steeltube Co Cash per Share Historical Data

The historical data trend for Jiangsu Changbao Steeltube 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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Jiangsu Changbao Steeltube Co Cash per Share Chart

Jiangsu Changbao Steeltube Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash per Share

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1.69

1.74

1.41

1.89

2.52

Jiangsu Changbao Steeltube Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash per Share	Get a 7-Day Free Trial															2.31	2.63	2.42	2.52	2.57

Jiangsu Changbao Steeltube 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.

Jiangsu Changbao Steeltube 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)
	=	2267.693	/	901
	=	2.52

Jiangsu Changbao Steeltube 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)
	=	2317.729	/	901
	=	2.57

Jiangsu Changbao Steeltube Co (SZSE:002478) 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.

Jiangsu Changbao Steeltube Co Cash per Share Related Terms

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Jiangsu Changbao Steeltube Co (SZSE:002478) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jiangsu Changbao Steeltube Co Ltd (SZSE:002478) » Definitions » Cash per Share

Traded in Other Exchanges

N/A

Address

NO.21 Chang-qi ROAD, Changzhou, Jiangsu, CHN, 213018

Website

http://www.cbsteeltube.com

Jiangsu Changbao Steeltube Co Ltd is a manufacturing service company specialized in the production of seamless tubes. The company offers OCTG products for the petroleum industry, including connection tubings and casings, coupling stocks, perforating gun carrier pipes, petroleum tool pipes, drill pipes, and slotted pipes; boiler tubes for power generation; steel tubes for auto industry comprising automobile precision tubes.

Executives

Zhu Hong Zhang	Director
Han Qiao Lin	Directors, executives
Ding Wei	Supervisors
Zhu Hai Rong	Supervisors
Gao Huai Zhen	Supervisors
Zhang Lan Yong	Directors, executives
Cao Jian	Director
Yao Wei Min	Executives
Zhang Ming Hua	Supervisors
Zhou Xu Dong	Independent director
An Ning	Securities Affairs Representative
Yuan Li Ping	Supervisors
Zhou Jia Hua	Directors, executives
Chen Pu An	Director

Jiangsu Changbao Steeltube Co (SZSE:002478) Headlines

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