Jin Medical International (Jin Medical International) Cash And Cash Equivalents : $6.93 Mil (As of Sep. 2023)

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What is Jin Medical International Cash And Cash Equivalents?

Jin Medical International's quarterly cash and cash equivalents increased from Sep. 2022 ($4.79 Mil) to Mar. 2023 ($8.68 Mil) but then stayed the same from Mar. 2023 ($8.68 Mil) to Sep. 2023 ($6.93 Mil).

Jin Medical International's annual cash and cash equivalents increased from Sep. 2021 ($3.67 Mil) to Sep. 2022 ($4.79 Mil) and increased from Sep. 2022 ($4.79 Mil) to Sep. 2023 ($6.93 Mil).

Jin Medical International Cash And Cash Equivalents Historical Data

The historical data trend for Jin Medical International'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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Jin Medical International Cash And Cash Equivalents Chart

Jin Medical International Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Cash And Cash Equivalents

1.66

3.67

4.79

6.93

Jin Medical International Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial			3.67	3.64	4.79	8.68	6.93

Jin Medical International 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.

Jin Medical International (NAS:ZJYL) 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.

Jin Medical International Cash And Cash Equivalents Related Terms

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Jin Medical International (Jin Medical International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Jin Medical International Ltd (NAS:ZJYL) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 33 Lingxiang Road,, Wujin District, Jiangsu Province, Changzhou City, CHN, KY1-1205

Website

Jin Medical International Ltd offers rehabilitation equipment. It is primarily engaged in the design, development, manufacturing, and sales of wheelchair and other living aids products to be used by people with disabilities or impaired mobility. The Company's products are sold to distributors in both China and in overseas markets. Its product offerings comprise Wheelechaire serirs, Bath products, oxygen machines, nursing products, and conlo products.