Hangzhou Cable Co (SHSE:603618) Cash And Cash Equivalents : ¥1,041 Mil (As of Mar. 2024)

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What is Hangzhou Cable Co Cash And Cash Equivalents?

Hangzhou Cable Co's quarterly cash and cash equivalents increased from Sep. 2023 (¥696.21 Mil) to Dec. 2023 (¥1,212.91 Mil) but then stayed the same from Dec. 2023 (¥1,212.91 Mil) to Mar. 2024 (¥1,040.68 Mil).

Hangzhou Cable Co's annual cash and cash equivalents declined from Dec. 2021 (¥965.93 Mil) to Dec. 2022 (¥925.36 Mil) but then increased from Dec. 2022 (¥925.36 Mil) to Dec. 2023 (¥1,212.91 Mil).

Hangzhou Cable Co Cash And Cash Equivalents Historical Data

The historical data trend for Hangzhou Cable 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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Hangzhou Cable Co Cash And Cash Equivalents Chart

Hangzhou Cable Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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745.95

1,057.64

965.93

925.36

1,212.91

Hangzhou Cable 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															933.02	808.73	696.21	1,212.91	1,040.68

Hangzhou Cable 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.

Hangzhou Cable Co (SHSE:603618) 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.

Hangzhou Cable Co Cash And Cash Equivalents Related Terms

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Hangzhou Cable Co (SHSE:603618) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hangzhou Cable Co Ltd (SHSE:603618) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

6th Street 68-1, Hangzhou Economic Development Zone, Zhejiang Province, Hangzhou, CHN

Website

http://www.hzcables.com

Hangzhou Cable Co Ltd engaged in the research and development, manufacturing and sale of wire and cable. The Company researches develop, produces and markets EHV cables, plastic wire, rubber cable and aerial cable, Aluminium alloy, Power cable, Rubber sleeve cable, Overhead wire, Mining cable and Control cable.

Executives

Hu Jian Ming	senior management
Hua Jian Fei	Director
Lu Chun Xiao	Director
Ni Yi Jian	Directors, senior managers
Zhang Xu Dong	Supervisors
Yin Zhi Ping	senior management
Zhang Qin Ying	Director
Zheng Xiu Hua	Director
Sun Qing Yan	Director
Zhang Xiu Hua	senior management

Hangzhou Cable Co (SHSE:603618) Headlines

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