Deewin Tianxia Co (HKSE:02418) Cash And Cash Equivalents : HK$1,069 Mil (As of Dec. 2023)

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What is Deewin Tianxia Co Cash And Cash Equivalents?

Deewin Tianxia Co's quarterly cash and cash equivalents declined from Dec. 2022 (HK$1,283.07 Mil) to Jun. 2023 (HK$1,224.13 Mil) but then stayed the same from Jun. 2023 (HK$1,224.13 Mil) to Dec. 2023 (HK$1,068.51 Mil).

Deewin Tianxia Co's annual cash and cash equivalents increased from Dec. 2021 (HK$261.23 Mil) to Dec. 2022 (HK$1,283.07 Mil) but then declined from Dec. 2022 (HK$1,283.07 Mil) to Dec. 2023 (HK$1,068.51 Mil).

Deewin Tianxia Co Cash And Cash Equivalents Historical Data

The historical data trend for Deewin Tianxia 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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Deewin Tianxia Co Cash And Cash Equivalents Chart

Deewin Tianxia Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

812.47

233.43

261.23

1,283.07

1,068.51

Deewin Tianxia Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial			261.23	797.91	1,283.07	1,224.13	1,068.51

Deewin Tianxia 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.

Deewin Tianxia Co (HKSE:02418) 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.

Deewin Tianxia Co Cash And Cash Equivalents Related Terms

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Deewin Tianxia Co (HKSE:02418) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Deewin Tianxia Co Ltd (HKSE:02418) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

29 West Section of Xijin Road, Building 1, Jingwei Centre, 16th Floor, Unit 1, Economic and Technological Development Zone, Jingwei New City, Shaanxi, Xi’an, CHN

Website

http://www.deewintx.com

Deewin Tianxia Co Ltd is principally engaged in the business of logistics and supply chain service including supply chain business, automobile sales business and aftermarket product business, supply chain financial service including financial leasing business, factoring business and insurance brokerage business, and internet of vehicle and data service in China to players along the commercial automobile industry chain. Commercial automobiles, mainly include trucks, pickups, trailers, buses and lorries.

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