Hwa Fong Rubber Ind Co (TPE:2109) Cash And Cash Equivalents : NT$2,683 Mil (As of Mar. 2024)

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What is Hwa Fong Rubber Ind Co Cash And Cash Equivalents?

Hwa Fong Rubber Ind Co's quarterly cash and cash equivalents increased from Sep. 2023 (NT$2,401.63 Mil) to Dec. 2023 (NT$2,496.58 Mil) and increased from Dec. 2023 (NT$2,496.58 Mil) to Mar. 2024 (NT$2,683.25 Mil).

Hwa Fong Rubber Ind Co's annual cash and cash equivalents increased from Dec. 2021 (NT$1,370.65 Mil) to Dec. 2022 (NT$1,702.70 Mil) and increased from Dec. 2022 (NT$1,702.70 Mil) to Dec. 2023 (NT$2,496.58 Mil).

Hwa Fong Rubber Ind Co Cash And Cash Equivalents Historical Data

The historical data trend for Hwa Fong Rubber Ind 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.

* Premium members only.

Hwa Fong Rubber Ind Co Cash And Cash Equivalents Chart

Hwa Fong Rubber Ind Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,208.18

1,561.04

1,370.65

1,702.70

2,496.58

Hwa Fong Rubber Ind 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															1,909.83	2,108.93	2,401.63	2,496.58	2,683.25

Hwa Fong Rubber Ind 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.

Hwa Fong Rubber Ind Co (TPE:2109) 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.

Hwa Fong Rubber Ind Co Cash And Cash Equivalents Related Terms

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Hwa Fong Rubber Ind Co (TPE:2109) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hwa Fong Rubber Ind Co Ltd (TPE:2109) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

No.300, Chung-Shan Road, Section 2, Ta-Tsun Hsiang, Changhua County, TWN, 515002

Website

https://www.duro.com.tw

Hwa Fong Rubber Ind Co Ltd is a Taiwan based company whose business is the manufacture, processing, domestic and foreign sales, import and export of rubber and plastic products. It engages in the manufacture, processing, distribution, and trading of inner and outer bicycle tubes for automobiles, agricultural vehicles, recreational vehicles, light trucks and radial tires. Its tire products are used in sedans, recreational and leisure vehicles, heavy trucks, trailers, grass mowers, forklifts, as well as bicycles and monocycles. The company distributes its products in the domestic market and to overseas markets.

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