Addsino Co (SZSE:000547) Cash And Cash Equivalents : ¥1,347 Mil (As of Mar. 2024)

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What is Addsino Co Cash And Cash Equivalents?

Addsino Co's quarterly cash and cash equivalents increased from Sep. 2023 (¥1,045.54 Mil) to Dec. 2023 (¥1,392.87 Mil) but then stayed the same from Dec. 2023 (¥1,392.87 Mil) to Mar. 2024 (¥1,347.06 Mil).

Addsino Co's annual cash and cash equivalents increased from Dec. 2021 (¥1,417.33 Mil) to Dec. 2022 (¥1,763.25 Mil) but then declined from Dec. 2022 (¥1,763.25 Mil) to Dec. 2023 (¥1,392.87 Mil).

Addsino Co Cash And Cash Equivalents Historical Data

The historical data trend for Addsino 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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Addsino Co Cash And Cash Equivalents Chart

Addsino Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,687.86

1,993.95

1,417.33

1,763.25

1,392.87

Addsino 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															1,351.96	1,236.87	1,045.54	1,392.87	1,347.06

Addsino 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.

Addsino Co (SZSE:000547) 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.

Addsino Co Cash And Cash Equivalents Related Terms

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Addsino Co (SZSE:000547) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Addsino Co Ltd (SZSE:000547) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

67 Wuyi Road, Fujian Province, Taijiang, Fuzhou, CHN, 350009

Website

http://www.casic-addsino.com

Addsino Co Ltd is a China-based company engages in the development, manufacture, and distribution of command and control communication products. Its main products include military communication products, experimental radio frequency simulation systems, experimental and field active target simulation systems, radar simulation systems, tactical training simulation systems and electromagnetic protection products, among others.

Executives

Tong Jian Xun	Executives
Wang Wen Hai	Executives
Bian Yong Zhuang	Directors, executives
Zhang Gao Lu	Director
Cao Yang	Supervisors

Addsino Co (SZSE:000547) Headlines

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