Fortune Valley Treasures (Fortune Valley Treasures) Cash And Cash Equivalents : $0.29 Mil (As of Dec. 2023)

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What is Fortune Valley Treasures Cash And Cash Equivalents?

Fortune Valley Treasures's quarterly cash and cash equivalents declined from Jun. 2023 ($0.08 Mil) to Sep. 2023 ($0.01 Mil) but then increased from Sep. 2023 ($0.01 Mil) to Dec. 2023 ($0.29 Mil).

Fortune Valley Treasures's annual cash and cash equivalents increased from Dec. 2021 ($0.12 Mil) to Dec. 2022 ($0.17 Mil) and increased from Dec. 2022 ($0.17 Mil) to Dec. 2023 ($0.29 Mil).

Fortune Valley Treasures Cash And Cash Equivalents Historical Data

The historical data trend for Fortune Valley Treasures'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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Fortune Valley Treasures Cash And Cash Equivalents Chart

Fortune Valley Treasures Annual Data

Trend

Aug15

Aug16

Aug17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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0.04

0.25

0.12

0.17

0.29

Fortune Valley Treasures Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.17	0.02	0.08	0.01	0.29

Fortune Valley Treasures 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.

Fortune Valley Treasures (OTCPK:FVTI) 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.

Fortune Valley Treasures Cash And Cash Equivalents Related Terms

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Fortune Valley Treasures (Fortune Valley Treasures) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Fortune Valley Treasures Inc (OTCPK:FVTI) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 139 Liansheng Road, B1601 Oriental Impression Building 2, Humen Town, Dongguan, Guangdong, CHN, 523900

Website

http://www.fvti.show

Fortune Valley Treasures Inc is engaged in operations of wholesale distribution and retail sales of food and beverage products in the People's Republic of China. The company is into acquiring businesses that are in the food, beverage, and alcohol industries. Its products include a variety of wines, such as dry red wine, dry white wine, rose wine, and sweet wine, and other products. Its products are sold to retailers, such as wine shops, convenience stores, and supermarkets.

Executives

Kaihong Lin	director, officer: CFO, Treasurer, Director	NO. 10 OF TUANJIE 2ND ROAD, BEICE, HUMEN, DONGGUAN, GUANGDONG F4 518000
Xinlong Shen	director, officer: CEO, CFO	19F, LIANHE TOWER, 1069 NANHAI AVE,, NANSHAN DISTRICT, SHENZHEN F4 518000

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