Edifier Technology Co (SZSE:002351) Cash And Cash Equivalents : ¥1,617 Mil (As of Mar. 2024)

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What is Edifier Technology Co Cash And Cash Equivalents?

Edifier Technology Co's quarterly cash and cash equivalents declined from Sep. 2023 (¥1,682.59 Mil) to Dec. 2023 (¥1,565.97 Mil) but then increased from Dec. 2023 (¥1,565.97 Mil) to Mar. 2024 (¥1,616.95 Mil).

Edifier Technology Co's annual cash and cash equivalents increased from Dec. 2021 (¥300.91 Mil) to Dec. 2022 (¥1,292.82 Mil) and increased from Dec. 2022 (¥1,292.82 Mil) to Dec. 2023 (¥1,565.97 Mil).

Edifier Technology Co Cash And Cash Equivalents Historical Data

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

Edifier Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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136.27

261.77

300.91

1,292.82

1,565.97

Edifier Technology 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															1,474.45	1,486.34	1,682.59	1,565.97	1,616.95

Edifier 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.

Edifier Technology Co (SZSE:002351) 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.

Edifier Technology Co Cash And Cash Equivalents Related Terms

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Edifier Technology Co (SZSE:002351) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Edifier Technology Co Ltd (SZSE:002351) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

No.9998 Shennan Road, Unit 9, 22nd Floor, Wanlida Technology Building, Science and Technology Park, Nanshan District, Guangdong, Shenzhen, CHN, 518057

Website

http://www.edifier.com

Edifier Technology Co Ltd, a Chinese company, is principally engaged in the research and development of audio technology and its product applications. The company's core business products are professional multimedia audio and home audio equipment. It offers headphones, bookshelf speakers, computer speakers, TV and Home theater, sound bar, and other products. It sells its products in China and other countries.

Executives

Xiao Min	Directors, executives
Zhang Wen Dong	Directors, executives
Zhang Wen Sheng	Directors, executives
Wang Xiao Hong	Director
Wang Hong Rong	Executives
Wen Yu	Executives
Deng Long Mu	Executives
Wang Jiu Jun	Supervisors
Fan Gang Juan	Supervisors
	Director
Kong Yu Quan	Independent director
Xu Bin	Director
Wang Jiu Kui	Supervisors

Edifier Technology Co (SZSE:002351) Headlines

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