Zhejiang Expressway Co (LSE:ZHEH) Cash And Cash Equivalents : £2,637 Mil (As of Dec. 2023)

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What is Zhejiang Expressway Co Cash And Cash Equivalents?

Zhejiang Expressway Co's quarterly cash and cash equivalents declined from Jun. 2023 (£2,748.15 Mil) to Sep. 2023 (£0.00 Mil) but then increased from Sep. 2023 (£0.00 Mil) to Dec. 2023 (£2,636.63 Mil).

Zhejiang Expressway Co's annual cash and cash equivalents increased from Dec. 2021 (£2,032.39 Mil) to Dec. 2022 (£2,825.13 Mil) but then declined from Dec. 2022 (£2,825.13 Mil) to Dec. 2023 (£2,636.63 Mil).

Zhejiang Expressway Co Cash And Cash Equivalents Historical Data

The historical data trend for Zhejiang Expressway 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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Zhejiang Expressway Co Cash And Cash Equivalents Chart

Zhejiang Expressway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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880.16

983.58

2,032.39

2,825.13

2,636.63

Zhejiang Expressway Co Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Jun19	Sep19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															2,825.13	2,748.15	-	2,636.63	-

Zhejiang Expressway 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.

Zhejiang Expressway Co (LSE:ZHEH) 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.

Zhejiang Expressway Co Cash And Cash Equivalents Related Terms

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Zhejiang Expressway Co (LSE:ZHEH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zhejiang Expressway Co Ltd (LSE:ZHEH) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

ZHEXF:USA 00576:Hong Kong ZHJ:Germany

Address

199 Wuxing Road, 5th Floor, No. 2, Mingzhu International Business Center, Zhejiang Province, Hangzhou, CHN, 310020

Website

https://www.zjec.com.cn

Zhejiang Expressway Co Ltd is a Chinese infrastructure company which, through its subsidiaries, develops, maintains, and operates high-grade roads. The company organizes itself into three segments: toll road business, securities business, and other business. The company derives the majority of revenue and earnings from the toll road business. The securities business, the next most significant segment, provides brokerage services, including advisory, margin lending, and asset management. The company earns the entirety of revenue domestically.

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