Cofco Sugar Holding Co (SHSE:600737) Cash And Cash Equivalents : ¥2,600 Mil (As of Mar. 2024)

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What is Cofco Sugar Holding Co Cash And Cash Equivalents?

Cofco Sugar Holding Co's quarterly cash and cash equivalents declined from Sep. 2023 (¥4,158.05 Mil) to Dec. 2023 (¥1,006.06 Mil) but then increased from Dec. 2023 (¥1,006.06 Mil) to Mar. 2024 (¥2,600.47 Mil).

Cofco Sugar Holding Co's annual cash and cash equivalents declined from Dec. 2021 (¥1,670.54 Mil) to Dec. 2022 (¥1,353.04 Mil) and declined from Dec. 2022 (¥1,353.04 Mil) to Dec. 2023 (¥1,006.06 Mil).

Cofco Sugar Holding Co Cash And Cash Equivalents Historical Data

The historical data trend for Cofco Sugar Holding 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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Cofco Sugar Holding Co Cash And Cash Equivalents Chart

Cofco Sugar Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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2,343.93

974.13

1,670.54

1,353.04

1,006.06

Cofco Sugar Holding 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															2,065.03	1,591.27	4,158.05	1,006.06	2,600.47

Cofco Sugar Holding 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.

Cofco Sugar Holding Co (SHSE:600737) 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.

Cofco Sugar Holding Co Cash And Cash Equivalents Related Terms

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Cofco Sugar Holding Co (SHSE:600737) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Cofco Sugar Holding Co Ltd (SHSE:600737) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

Xinjiang Uygur Autonomous Region, W101, 1st Floor, Building 54, Yutang Village, Daxiqu Town District, Changji Prefecture, Changji, CHN, 830000

Website

http://www.cofcotunhe.com

Cofco Sugar Holding Co Ltd is engaged in sugar business and tomato processing business. The company also takes care of sugar imports, port sugar refining, and sugar storage and logistics. Some of the company's products are raw sugar, white sugar, organic white granulated sugar, refined sugar, brown sugar, molasses, beet ordinary granules, and plus honey granules.

Executives

Li Feng Chun	senior management
Yu Tian Chi	senior management
Yang Hong	senior management

Cofco Sugar Holding Co (SHSE:600737) Headlines

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