Luzhou Xinglu Water (Group) Co (HKSE:02281) Cash And Cash Equivalents : HK$427 Mil (As of Dec. 2023)

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What is Luzhou Xinglu Water (Group) Co Cash And Cash Equivalents?

Luzhou Xinglu Water (Group) Co's quarterly cash and cash equivalents increased from Dec. 2022 (HK$680.92 Mil) to Jun. 2023 (HK$756.21 Mil) but then stayed the same from Jun. 2023 (HK$756.21 Mil) to Dec. 2023 (HK$427.13 Mil).

Luzhou Xinglu Water (Group) Co's annual cash and cash equivalents declined from Dec. 2021 (HK$1,067.42 Mil) to Dec. 2022 (HK$680.92 Mil) and declined from Dec. 2022 (HK$680.92 Mil) to Dec. 2023 (HK$427.13 Mil).

Luzhou Xinglu Water (Group) Co Cash And Cash Equivalents Historical Data

The historical data trend for Luzhou Xinglu Water (Group) Co'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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Luzhou Xinglu Water (Group) Co Cash And Cash Equivalents Chart

Luzhou Xinglu Water (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,219.44

1,228.34

1,067.42

680.92

427.13

Luzhou Xinglu Water (Group) Co Semi-Annual Data
	Dec13	Dec14	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														1,067.42	1,044.33	680.92	756.21	427.13

Luzhou Xinglu Water (Group) Co 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.

Luzhou Xinglu Water (Group) Co (HKSE:02281) 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.

Luzhou Xinglu Water (Group) Co Cash And Cash Equivalents Related Terms

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Luzhou Xinglu Water (Group) Co (HKSE:02281) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Luzhou Xinglu Water (Group) Co Ltd (HKSE:02281) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 16, Baizi Road, Jiangyang District, Sichuan Province, Luzhou, CHN

Website

http://www.lzss.com

Luzhou Xinglu Water (Group) Co Ltd is a China-based company engages in the provision of integrated municipal water-related public utility services. The company is engaged in the provision of tap water supply and related installation and maintenance service, wastewater treatment service and construction service. It operates through two main segments the Tap Water Supply and Wastewater Treatment segments. The company derives maximum revenue from Tap Water Supply segment. Geographically, it operates in People's Republic of China.

Executives

Hwabao Trust Co., Ltd	2301 Trustee
Fei Zhanbo	2201 Interest of corporation controlled by you
Xin Tian Zhi Neng Xiang Gang You Xian Gong Si	2101 Beneficial owner
Xin Tian Ke Ji Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

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