China Automotive Engineering Research Institute Co (SHSE:601965) Cash And Cash Equivalents : ¥1,839 Mil (As of Mar. 2024)

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What is China Automotive Engineering Research Institute Co Cash And Cash Equivalents?

China Automotive Engineering Research Institute Co's quarterly cash and cash equivalents increased from Sep. 2023 (¥1,572.76 Mil) to Dec. 2023 (¥2,379.99 Mil) but then stayed the same from Dec. 2023 (¥2,379.99 Mil) to Mar. 2024 (¥1,838.72 Mil).

China Automotive Engineering Research Institute Co's annual cash and cash equivalents increased from Dec. 2021 (¥1,420.25 Mil) to Dec. 2022 (¥1,798.75 Mil) and increased from Dec. 2022 (¥1,798.75 Mil) to Dec. 2023 (¥2,379.99 Mil).

China Automotive Engineering Research Institute Co Cash And Cash Equivalents Historical Data

The historical data trend for China Automotive Engineering Research Institute 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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China Automotive Engineering Research Institute Co Cash And Cash Equivalents Chart

China Automotive Engineering Research Institute Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,146.34

1,320.60

1,420.25

1,798.75

2,379.99

China Automotive Engineering Research Institute 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															1,664.21	1,866.41	1,572.76	2,379.99	1,838.72

China Automotive Engineering Research Institute 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.

China Automotive Engineering Research Institute Co (SHSE:601965) 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.

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China Automotive Engineering Research Institute Co (SHSE:601965) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Automotive Engineering Research Institute Co Ltd (SHSE:601965) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.9, Jin Yu Avenue, North District, Economic Development Zone, Chongqing, CHN

Website

http://www.caeri.com.cn

China Automotive Engineering Research Institute Co Ltd is an automobile company based in China. It is mainly engaged in the technical service for automobile and manufacturing operations of automobile including the development of various products, the technical consulting, test and the quality inspection and authentication. In addition, the company is specialized in research and development, manufacturing and marketing of special vehicles, with main products involving 5 types and 200-odd models including engineering dump trucks, concrete mixers, sanitation vehicles, logistics transport vehicles and integration vehicles.

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