Nanjing Iron & Steel Co (SHSE:600282) Cash And Cash Equivalents : ¥6,820 Mil (As of Mar. 2024)

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What is Nanjing Iron & Steel Co Cash And Cash Equivalents?

Nanjing Iron & Steel Co's quarterly cash and cash equivalents declined from Sep. 2023 (¥9,902.53 Mil) to Dec. 2023 (¥9,290.44 Mil) but then stayed the same from Dec. 2023 (¥9,290.44 Mil) to Mar. 2024 (¥6,819.53 Mil).

Nanjing Iron & Steel Co's annual cash and cash equivalents increased from Dec. 2021 (¥7,249.90 Mil) to Dec. 2022 (¥11,757.93 Mil) but then declined from Dec. 2022 (¥11,757.93 Mil) to Dec. 2023 (¥9,290.44 Mil).

Nanjing Iron & Steel Co Cash And Cash Equivalents Historical Data

The historical data trend for Nanjing Iron & Steel 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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Nanjing Iron & Steel Co Cash And Cash Equivalents Chart

Nanjing Iron & Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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4,265.44

5,686.92

7,249.90

11,757.93

9,290.44

Nanjing Iron & Steel Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															11,686.71	12,795.69	9,902.53	9,290.44	6,819.53

Nanjing Iron & Steel 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.

Nanjing Iron & Steel Co (SHSE:600282) 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.

Nanjing Iron & Steel Co Cash And Cash Equivalents Related Terms

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Nanjing Iron & Steel Co (SHSE:600282) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Nanjing Iron & Steel Co Ltd (SHSE:600282) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

Dejiadian, Liuhe District, Jiangsu Province, Nanjing, CHN, 210035

Website

http://www.600282.net

Nanjing Iron & Steel Co Ltd is a China-based company engaged in the business of production and selling of steel products. The company produces rolls, bars, high-speed wire, strips and other steel products. The products are used are used in LNG storage and utilization, shipbuilding and marine engineering, high-speed railway, power steel, automotive steel, bridges and other industries. The company sells its products in China and other international countries.

Executives

Tang Rui	senior management
Shao Ren Zhi	senior management
Su Bin	Director
Zhu Rui Rong	Directors, senior managers
Qian Shun Jiang	Director
Zhu Ping	senior management
Xu Xiao Chun	senior management
Zhao Rui Jiang	Supervisors
Huang Yi Xin	Director
Chu Jue Fei	senior management
Chang Jian Hua	senior management
Lin Guo Qiang	senior management
Yu Zhang Lin	senior management
Xu Lin	senior management
Yao Yong Kuan	Directors, senior managers

Nanjing Iron & Steel Co (SHSE:600282) Headlines

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