China Steel Chemical (TPE:1723) Cash And Cash Equivalents : NT$678 Mil (As of Mar. 2024)

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What is China Steel Chemical Cash And Cash Equivalents?

China Steel Chemical's quarterly cash and cash equivalents increased from Sep. 2023 (NT$641.50 Mil) to Dec. 2023 (NT$1,174.68 Mil) but then stayed the same from Dec. 2023 (NT$1,174.68 Mil) to Mar. 2024 (NT$677.58 Mil).

China Steel Chemical's annual cash and cash equivalents increased from Dec. 2021 (NT$621.62 Mil) to Dec. 2022 (NT$1,566.23 Mil) but then declined from Dec. 2022 (NT$1,566.23 Mil) to Dec. 2023 (NT$1,174.68 Mil).

China Steel Chemical Cash And Cash Equivalents Historical Data

The historical data trend for China Steel Chemical'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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China Steel Chemical Cash And Cash Equivalents Chart

China Steel Chemical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,156.67

994.32

621.62

1,566.23

1,174.68

China Steel Chemical 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															1,105.86	763.23	641.50	1,174.68	677.58

China Steel Chemical 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.

China Steel Chemical (TPE:1723) 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.

China Steel Chemical Cash And Cash Equivalents Related Terms

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China Steel Chemical (TPE:1723) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China Steel Chemical Corp (TPE:1723) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88, Chengong 2nd Road, 25th Floor, Qianzhen District, Kaohsiung, TWN

Website

https://www.cscc.com.tw

China Steel Chemical Corp is engaged in the production, processing, and sales of coal tar distillation products, Naphtha products, and coke products. Besides, it also trades related upstream and downstream products. The firm operates in three segments. The CSCC/CCSCM segment which derives the majority of revenue engages in the production and marketing of chemical products. EGI/CSCCC segment engages in the trade of chemical products. EWI segment engages in investment holding.

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