Recon Technology (FRA:HRC) Cash And Cash Equivalents : €13.42 Mil (As of Jun. 2023)

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What is Recon Technology Cash And Cash Equivalents?

Recon Technology's quarterly cash and cash equivalents declined from Jun. 2022 (€44.79 Mil) to Dec. 2022 (€36.44 Mil) but then stayed the same from Dec. 2022 (€36.44 Mil) to Jun. 2023 (€13.42 Mil).

Recon Technology's annual cash and cash equivalents increased from Jun. 2021 (€44.44 Mil) to Jun. 2022 (€44.79 Mil) but then declined from Jun. 2022 (€44.79 Mil) to Jun. 2023 (€13.42 Mil).

Recon Technology Cash And Cash Equivalents Historical Data

The historical data trend for Recon Technology's Cash And Cash Equivalents 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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Recon Technology Cash And Cash Equivalents Chart

Recon Technology Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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0.58

3.80

44.44

44.79

13.42

Recon Technology Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash And Cash Equivalents	Get a 7-Day Free Trial															44.44	46.25	44.79	36.44	13.42

Recon Technology Cash And Cash Equivalents 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.

Recon Technology (FRA:HRC) Cash And Cash Equivalents Explanation

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.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Recon Technology Cash And Cash Equivalents Related Terms

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Recon Technology (FRA:HRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Recon Technology Ltd (FRA:HRC) » Definitions » Cash And Cash Equivalents

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RCON:USA

Address

No. 1 Shui’an South Street, Room 601, Chaoyang District, Beijing, CHN, 100012

Website

http://www.recon.cn

Recon Technology Ltd is an oilfield service company. The company is engaged in the sale of oilfield automation products, equipment for oil and gas production and transportation, and engineering services. It has four reportable operating segments: Automation Product and Software, Equipment and Accessories, Platform outsourcing services, and Oilfield Environmental Protection. Majority of the firm's revenue comes from the Automation Product and Software segment.