Xinyi Solar Holdings (HKSE:00968) Cash And Cash Equivalents : HK$2,822 Mil (As of Dec. 2023)

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What is Xinyi Solar Holdings Cash And Cash Equivalents?

Xinyi Solar Holdings's quarterly cash and cash equivalents declined from Dec. 2022 (HK$5,325.71 Mil) to Jun. 2023 (HK$3,951.92 Mil) but then stayed the same from Jun. 2023 (HK$3,951.92 Mil) to Dec. 2023 (HK$2,822.02 Mil).

Xinyi Solar Holdings's annual cash and cash equivalents declined from Dec. 2021 (HK$7,458.27 Mil) to Dec. 2022 (HK$5,325.71 Mil) and declined from Dec. 2022 (HK$5,325.71 Mil) to Dec. 2023 (HK$2,822.02 Mil).

Xinyi Solar Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Xinyi Solar Holdings'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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Xinyi Solar Holdings Cash And Cash Equivalents Chart

Xinyi Solar Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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2,221.06

9,291.19

7,458.27

5,325.71

2,822.02

Xinyi Solar Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															7,458.27	7,003.22	5,325.71	3,951.92	2,822.02

Xinyi Solar Holdings 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.

Xinyi Solar Holdings (HKSE:00968) 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.

Xinyi Solar Holdings Cash And Cash Equivalents Related Terms

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Xinyi Solar Holdings (HKSE:00968) Business Description

Industry

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XISHY:USA XNYIF:USA 13X:Germany

Address

Xinyi PV Glass Industrial Zone, 2 Xinyi Road, Wuhu Economic and Technology Development Zone, Anhui Province, Wuhu, CHN, 241009

Website

https://www.xinyisolar.com

Xinyi Solar Holdings Ltd is an investment holding company. Its activities consist of the production and sale of solar glass products, the development and operation of solar farms, and the provision of engineering, procurement, and construction (EPC) services. The company's segments include sales of solar glass; solar farm business which includes solar farm development and solar power generation; and EPC services. It derives revenue from two core business segments, namely the sale and manufacturing of solar glass and solar farm business. Its operations are held in the People's Republic of China and Other countries.

Executives

Tung Ching Sai	2202 Interest of your spouse
Lee Yin Yee	2401 A concert party to an agreement to buy shares
Tung Ching Bor	2401 A concert party to an agreement to buy shares
Lee Sing Din	2401 A concert party to an agreement to buy shares
Li Ching Leung	2401 A concert party to an agreement to buy shares
Li Ching Wai	2401 A concert party to an agreement to buy shares
Ng Ngan Ho	2401 A concert party to an agreement to buy shares
Sze Nang Sze	2401 A concert party to an agreement to buy shares
Xinyi Glass Holdings Limited	2101 Beneficial owner
Blackrock, Inc.	2201 Interest of corporation controlled by you
Jpmorgan Chase & Co.	2102 Investment manager
Realbest Investment Limited	2101 Beneficial owner

Xinyi Solar Holdings (HKSE:00968) Headlines

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