Hebei Yichen Industrial Group (HKSE:01596) Cash, Cash Equivalents, Marketable Securities : HK$209 Mil (As of Dec. 2023)

View and export this data going back to 2016. Start your Free Trial

What is Hebei Yichen Industrial Group Cash, Cash Equivalents, Marketable Securities?

Hebei Yichen Industrial Group's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (HK$321.04 Mil) to Jun. 2023 (HK$298.45 Mil) but then stayed the same from Jun. 2023 (HK$298.45 Mil) to Dec. 2023 (HK$209.36 Mil).

Hebei Yichen Industrial Group's annual cash, cash equivalents, marketable securities declined from Dec. 2021 (HK$323.48 Mil) to Dec. 2022 (HK$321.04 Mil) and declined from Dec. 2022 (HK$321.04 Mil) to Dec. 2023 (HK$209.36 Mil).

Hebei Yichen Industrial Group Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Hebei Yichen Industrial Group's Cash, Cash Equivalents, Marketable Securities 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.

Hebei Yichen Industrial Group Cash, Cash Equivalents, Marketable Securities Chart

Hebei Yichen Industrial Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

Get a 7-Day Free Trial

451.79

390.46

323.48

321.04

209.36

Hebei Yichen Industrial Group Semi-Annual Data
	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															323.48	355.25	321.04	298.45	209.36

Hebei Yichen Industrial Group Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Hebei Yichen Industrial Group (HKSE:01596) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Hebei Yichen Industrial Group Cash, Cash Equivalents, Marketable Securities Related Terms

Thank you for viewing the detailed overview of Hebei Yichen Industrial Group's Cash, Cash Equivalents, Marketable Securities provided by GuruFocus.com. Please click on the following links to see related term pages.

Hebei Yichen Industrial Group (HKSE:01596) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hebei Yichen Industrial Group Corp Ltd (HKSE:01596) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

HE2:Germany

Address

No. 1 Yichen North Street, Gaocheng District, Hebei Province, Shijiazhuang, CHN

Website

http://www.hbyc.com.cn

Hebei Yichen Industrial Group Corp Ltd is one of the leading rail fastening system providers in the PRC, with the business focusing on three business segments namely Rail Fastening System Products; Welding Wire Products; and Railway Sleeper Products. Its maximum revenue is generated by the Rail fastening system segment. Some of its product includes the Spring bar type IV fastener system; the WJ-7 type fastener system; the DT-VI2 fastener system; Double-layer nonlinear shock-absorbing fastener system; the Spring bar II type fastener system and others.

Executives

Brainstorming Cafe Limited	2201 Interest of corporation controlled by you
Flowing Cloud Technology Ltd	2101 Beneficial owner
Lyh. Ltd.	2201 Interest of corporation controlled by you
Wanglei Co., Ltd.	2201 Interest of corporation controlled by you
Cyber Warrior Holdings Limited	2201 Interest of corporation controlled by you
Vistra Trust (singapore) Pte. Limited	2201 Interest of corporation controlled by you
Wang Lei	2201 Interest of corporation controlled by you
Feng Da Sha	2202 Interest of your spouse
Zhang Zi Mo	2202 Interest of your spouse
Li Yan Hao	2201 Interest of corporation controlled by you
Guo Zhong Yan	2101 Beneficial owner
Sino Wealthy Limited	2101 Beneficial owner

Hebei Yichen Industrial Group (HKSE:01596) Headlines

No Headlines