Sineng Electric Co (SZSE:300827) Cash And Cash Equivalents : ¥1,095 Mil (As of Mar. 2024)

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What is Sineng Electric Co Cash And Cash Equivalents?

Sineng Electric Co's quarterly cash and cash equivalents increased from Sep. 2023 (¥1,294.38 Mil) to Dec. 2023 (¥2,027.63 Mil) but then stayed the same from Dec. 2023 (¥2,027.63 Mil) to Mar. 2024 (¥1,094.61 Mil).

Sineng Electric Co's annual cash and cash equivalents increased from Dec. 2021 (¥786.24 Mil) to Dec. 2022 (¥1,482.52 Mil) and increased from Dec. 2022 (¥1,482.52 Mil) to Dec. 2023 (¥2,027.63 Mil).

Sineng Electric Co Cash And Cash Equivalents Historical Data

The historical data trend for Sineng Electric 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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Sineng Electric Co Cash And Cash Equivalents Chart

Sineng Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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321.01

637.62

786.24

1,482.52

2,027.63

Sineng Electric 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															1,077.91	1,218.77	1,294.38	2,027.63	1,094.61

Sineng Electric 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.

Sineng Electric Co (SZSE:300827) 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.

Sineng Electric Co Cash And Cash Equivalents Related Terms

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Sineng Electric Co (SZSE:300827) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sineng Electric Co Ltd (SZSE:300827) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

No. 6 Hehui Road, Huishan District, Jiangsu Province, Wuxi, CHN, 214174

Website

http://www.si-neng.com

Sineng Electric Co Ltd is engaged in production and sales of power electronic equipment. The company is deeply involved in the field of power electronics energy conversion and control, providing users with products and solutions such as photovoltaic grid-connected inversion, photovoltaic power station operation and maintenance, photovoltaic power station development, power quality control, and energy storage bidirectional conversion. Its business covers the entire power generation, supply and distribution, and electricity consumption systems, and it is a leading equipment manufacturer and solution provider in related industries.

Executives

Chen Gan Feng	Directors, executives
Duan Yu He	Directors, executives
Li Jian Fei	Directors, executives
Zhao Long	Supervisors

Sineng Electric Co (SZSE:300827) Headlines

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