FLJ Group (FLJ Group) Cash And Cash Equivalents : $0.05 Mil (As of Sep. 2023)

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What is FLJ Group Cash And Cash Equivalents?

FLJ Group's quarterly cash and cash equivalents increased from Sep. 2022 ($0.08 Mil) to Mar. 2023 ($0.33 Mil) but then stayed the same from Mar. 2023 ($0.33 Mil) to Sep. 2023 ($0.05 Mil).

FLJ Group's annual cash and cash equivalents declined from Sep. 2021 ($2.53 Mil) to Sep. 2022 ($0.08 Mil) and declined from Sep. 2022 ($0.08 Mil) to Sep. 2023 ($0.05 Mil).

FLJ Group Cash And Cash Equivalents Historical Data

The historical data trend for FLJ Group'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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FLJ Group Cash And Cash Equivalents Chart

FLJ Group Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash And Cash Equivalents

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22.46

3.36

2.53

0.08

0.05

FLJ Group Semi-Annual Data
	Sep17	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial							2.53	1.26	0.08	0.33	0.05

FLJ Group 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.

FLJ Group (NAS:FLJ) 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.

FLJ Group Cash And Cash Equivalents Related Terms

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FLJ Group (FLJ Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » FLJ Group Ltd (NAS:FLJ) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18, Gongping Road, 2nd Floor, Building 5, Hongkou District, Shanghai, CHN, 200082

Website

http://www.qk365.com

FLJ Group Ltd is engaged in providing an apartment rental platform in China. The company leases apartments from landlords and transforms these apartments, into standardized furnished rooms to lease to people seeking residence in cities. It cooperates with third parties, including professional home service providers, e-commerce companies, and other service providers to facilitate value-added services for its tenants.