Huaqin Technology Co (SHSE:603296) Cash And Cash Equivalents : ¥12,913 Mil (As of Mar. 2024)

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What is Huaqin Technology Co Cash And Cash Equivalents?

Huaqin Technology Co's quarterly cash and cash equivalents declined from Sep. 2023 (¥16,154.93 Mil) to Dec. 2023 (¥12,755.99 Mil) but then increased from Dec. 2023 (¥12,755.99 Mil) to Mar. 2024 (¥12,913.08 Mil).

Huaqin Technology Co's annual cash and cash equivalents increased from Dec. 2021 (¥6,360.79 Mil) to Dec. 2022 (¥7,851.19 Mil) and increased from Dec. 2022 (¥7,851.19 Mil) to Dec. 2023 (¥12,755.99 Mil).

Huaqin Technology Co Cash And Cash Equivalents Historical Data

The historical data trend for Huaqin Technology 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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Huaqin Technology Co Cash And Cash Equivalents Chart

Huaqin Technology Co Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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4,707.15

6,026.84

6,360.79

7,851.19

12,755.99

Huaqin Technology Co Quarterly Data
	Dec11	Mar12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															17,187.81	9,244.65	16,154.93	12,755.99	12,913.08

Huaqin Technology 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.

Huaqin Technology Co (SHSE:603296) 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.

Huaqin Technology Co Cash And Cash Equivalents Related Terms

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Huaqin Technology Co (SHSE:603296) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Huaqin Technology Co Ltd (SHSE:603296) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

Building 1, No. 399 Keyuan Road, China (Shanghai) Pilot Free Trade Zone, Pudong New Area, Shanghai, CHN, 201203

Website

https://www.huaqin.com

Huaqin Technology Co Ltd is engaged in the research & development, design, manufacturing and operation of intelligent hardware products. The company provides global technology brand customers with end-to-end services at product level, system level, software and hardware research and development, and operation and manufacturing.

Executives

Wu Zhen Hai	Directors, senior managers
Qiu Wen Sheng	Directors, senior managers

Huaqin Technology Co (SHSE:603296) Headlines

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