JY Gas (HKSE:01407) Cash And Cash Equivalents : HK$139.5 Mil (As of Dec. 2023)

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What is JY Gas Cash And Cash Equivalents?

JY Gas's quarterly cash and cash equivalents declined from Dec. 2022 (HK$193.22 Mil) to Jun. 2023 (HK$172.01 Mil) but then stayed the same from Jun. 2023 (HK$172.01 Mil) to Dec. 2023 (HK$139.51 Mil).

JY Gas's annual cash and cash equivalents increased from Dec. 2021 (HK$45.76 Mil) to Dec. 2022 (HK$193.22 Mil) but then declined from Dec. 2022 (HK$193.22 Mil) to Dec. 2023 (HK$139.51 Mil).

JY Gas Cash And Cash Equivalents Historical Data

The historical data trend for JY Gas'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.

* Premium members only.

JY Gas Cash And Cash Equivalents Chart

JY Gas Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

29.24

46.92

45.76

193.22

139.51

JY Gas Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial			45.76	-	193.22	172.01	139.51

JY Gas 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.

JY Gas (HKSE:01407) 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.

JY Gas Cash And Cash Equivalents Related Terms

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JY Gas (HKSE:01407) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » JY Gas Ltd (HKSE:01407) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2568 Shi’an Road (West), 3rd Floor, Jiaoyun Group Building, Gaomi City, Weifang Municipality, Shandong Provinc, Weifang, CHN

Website

http://www.gmjytrq.com

JY Gas Ltd is a natural gas operator in Gaomi City, Weifang Municipality of Shandong Province. The company derives revenue from the sale of natural gas. Natural gas which it sells includes pipeline natural gas, compressed natural gas and liquefied natural gas. The sale of pipelined natural gas is its principal business.

Executives

Luan Xiaolong	2201 Interest of corporation controlled by you
Zhou Zhan	2202 Interest of your spouse
Lxl Phoenix Limited	2101 Beneficial owner
Cui Shuhua	2202 Interest of your spouse
Llj Phoenix Limited	2101 Beneficial owner
Luan Linjiang	2201 Interest of corporation controlled by you
Sdjy Holding Limited	2201 Interest of corporation controlled by you
Segm Holding Limited	2101 Beneficial owner

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