Yixin Group (HKSE:02858) Cash And Cash Equivalents : HK$3,806 Mil (As of Dec. 2023)

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What is Yixin Group Cash And Cash Equivalents?

Yixin Group's quarterly cash and cash equivalents increased from Dec. 2022 (HK$3,833.89 Mil) to Jun. 2023 (HK$4,134.71 Mil) but then stayed the same from Jun. 2023 (HK$4,134.71 Mil) to Dec. 2023 (HK$3,805.86 Mil).

Yixin Group's annual cash and cash equivalents increased from Dec. 2021 (HK$3,736.73 Mil) to Dec. 2022 (HK$3,833.89 Mil) but then declined from Dec. 2022 (HK$3,833.89 Mil) to Dec. 2023 (HK$3,805.86 Mil).

Yixin Group Cash And Cash Equivalents Historical Data

The historical data trend for Yixin Group'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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Yixin Group Cash And Cash Equivalents Chart

Yixin Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,765.73

3,214.37

3,736.73

3,833.89

3,805.86

Yixin Group Semi-Annual Data
	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													3,736.73	4,885.98	3,833.89	4,134.71	3,805.86

Yixin Group 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.

Yixin Group (HKSE:02858) 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.

Yixin Group Cash And Cash Equivalents Related Terms

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Yixin Group (HKSE:02858) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Yixin Group Ltd (HKSE:02858) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

1YX:Germany

Address

No. 365 Linhong Road, 1 North, Zhongguancun Hongqiao Innovation Center, Changning District, Shanghai, CHN

Website

http://www.yixincars.com

Yixin Group Ltd is an online automobile retail transaction platform in China. The company operates in two segments namely Transaction platform services and Self-operated financing business. The transaction platform segment is comprised of facilitation and value-added services, and advertising and subscription services. Self-operated financing segment comprises financing lease services and operating lease services. The company generates a majority of its revenue from the Self-operated financing business.

Executives

Zhang Xuan	2101 Beneficial owner
Jd.com Investment Limited	2201 Interest of corporation controlled by you
Jd.com, Inc.	2201 Interest of corporation controlled by you
Liu Qiangdong Richard	2305 Beneficiary of a trust
Max Smart Limited	2201 Interest of corporation controlled by you
Jd Financial Investment Limited	2101 Beneficial owner
Ubs Trustees (b.v.i.) Limited	2301 Trustee
Tsang Ling Kay Rodney	2501 Other
Tencent Holdings Limited	2201 Interest of corporation controlled by you
Hammer Capital Opportunities Fund L.p.	2201 Interest of corporation controlled by you
Cheung Siu Fai	2201 Interest of corporation controlled by you
Cheng Chi Kong	2201 Interest of corporation controlled by you
Woodbury Capital Management Limited	2201 Interest of corporation controlled by you
Silver Oryx Limited	2201 Interest of corporation controlled by you
Hammer Capital Partners Ltd.	2201 Interest of corporation controlled by you

Yixin Group (HKSE:02858) Headlines

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