Sinopec Oilfield Service (HKSE:01033) Cash And Cash Equivalents : HK$2,010 Mil (As of Mar. 2024)

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What is Sinopec Oilfield Service Cash And Cash Equivalents?

Sinopec Oilfield Service's quarterly cash and cash equivalents increased from Sep. 2023 (HK$2,160.36 Mil) to Dec. 2023 (HK$3,080.21 Mil) but then stayed the same from Dec. 2023 (HK$3,080.21 Mil) to Mar. 2024 (HK$2,010.11 Mil).

Sinopec Oilfield Service's annual cash and cash equivalents declined from Dec. 2021 (HK$3,071.24 Mil) to Dec. 2022 (HK$2,052.78 Mil) but then increased from Dec. 2022 (HK$2,052.78 Mil) to Dec. 2023 (HK$3,080.21 Mil).

Sinopec Oilfield Service Cash And Cash Equivalents Historical Data

The historical data trend for Sinopec Oilfield Service'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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Sinopec Oilfield Service Cash And Cash Equivalents Chart

Sinopec Oilfield Service Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,857.00

1,839.15

3,071.24

2,052.78

3,080.21

Sinopec Oilfield Service Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															2,092.43	2,004.99	2,160.36	3,080.21	2,010.11

Sinopec Oilfield Service 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.

Sinopec Oilfield Service (HKSE:01033) 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.

Sinopec Oilfield Service Cash And Cash Equivalents Related Terms

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Sinopec Oilfield Service (HKSE:01033) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sinopec Oilfield Service Corp (HKSE:01033) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

YZCFF:USA YIZH:Germany 600871:China

Address

No. 9 Jishikou Road, Changyang District, Beijing, CHN, 100728

Website

https://ssc.sinopec.com

Sinopec Oilfield Service Corp engages in the provision of onshore and offshore oil and natural gas, exploration, provision of contracting, design, and construction services for the oil and gas projects. It operates through five segments: Geophysics, which provides technical and development, exploration geophysical services; Drilling engineering segment, which provides drilling design, and construction, technical services; Logging and mud logging segment; Special downhole segment, which provides oil engineering technical and construction services; and Engineering construction segment, which provides a package of services, including feasibility studies, procurement, and others. Its geographical segments are, The PRC, Middle East and Other countries.

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