Qingdao Hanhe Cable Co (SZSE:002498) Cash per Share : ¥0.43 (As of Sep. 2023)

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What is Qingdao Hanhe Cable Co Cash per Share?

Cash per Share is calculated as Cash, Cash Equivalents, Marketable Securities divided by Shares Outstanding (EOP). Qingdao Hanhe Cable Co's Cash per Share for the quarter that ended in Sep. 2023 was ¥0.43.

Qingdao Hanhe Cable Co Cash per Share Historical Data

The historical data trend for Qingdao Hanhe Cable 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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Qingdao Hanhe Cable Co Cash per Share Chart

Qingdao Hanhe Cable Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash per Share

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0.57

0.29

0.39

0.50

0.47

Qingdao Hanhe Cable Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash per Share	Get a 7-Day Free Trial															0.42	0.47	0.47	0.44	0.43

Qingdao Hanhe Cable 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.

Qingdao Hanhe Cable Co's Cash per Share for the fiscal year that ended in Dec. 2022 is calculated as:

Cash per Share	=	Cash, Cash Equivalents, Marketable Securities	/	Shares Outstanding (EOP)
	=	1547.721	/	3,327
	=	0.47

Qingdao Hanhe Cable Co's Cash per Share for the quarter that ended in Sep. 2023 is calculated as:

Cash per Share	=	Cash, Cash Equivalents, Marketable Securities	/	Shares Outstanding (EOP)
	=	1433.998	/	3,327
	=	0.43

Qingdao Hanhe Cable Co (SZSE:002498) 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.

Qingdao Hanhe Cable Co Cash per Share Related Terms

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Qingdao Hanhe Cable Co (SZSE:002498) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qingdao Hanhe Cable Co Ltd (SZSE:002498) » Definitions » Cash per Share

Traded in Other Exchanges

N/A

Address

No.6 Lishan(E) Industrial Park, Qingdao, Shandong, CHN, 266102

Website

http://www.hanhe-cable.com

Qingdao Hanhe Cable Co Ltd is engaged in the research, development, and manufacture of wires and cables in China. The company offers power cables, cable accessories, submarine cables, optical power composite cables, electrical equipment wires and cables, overhead conductors, communication cables, radio-frequency cables, bus bar and prefabricated branch cables, nuclear plant cables, fire-resistant cables, and DC series cables.

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