NICE (NICE) Cash, Cash Equivalents, Marketable Securities : $1,408 Mil (As of Dec. 2023)

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What is NICE Cash, Cash Equivalents, Marketable Securities?

NICE's quarterly cash, cash equivalents, marketable securities declined from Jun. 2023 ($1,662.38 Mil) to Sep. 2023 ($1,651.59 Mil) but then stayed the same from Sep. 2023 ($1,651.59 Mil) to Dec. 2023 ($1,407.84 Mil).

NICE's annual cash, cash equivalents, marketable securities increased from Dec. 2021 ($1,424.75 Mil) to Dec. 2022 ($1,571.54 Mil) but then declined from Dec. 2022 ($1,571.54 Mil) to Dec. 2023 ($1,407.84 Mil).

NICE Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for NICE'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.

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NICE Cash, Cash Equivalents, Marketable Securities Chart

NICE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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439.10

1,463.88

1,424.75

1,571.54

1,407.84

NICE Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															1,571.54	1,684.85	1,662.38	1,651.59	1,407.84

NICE 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.

NICE (NAS:NICE) 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.

NICE Cash, Cash Equivalents, Marketable Securities Related Terms

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NICE (NICE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NICE Ltd (NAS:NICE) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

NICE:Israel NSY:Germany N1IC34:Brazil

Address

13 Zarchin Street, P.O. Box 690, NICE 1, 2, 3, Ra'anana, ISR, 4310602

Website

https://www.nice.com

Nice is an enterprise software company that serves the customer engagement and financial crime and compliance markets. The company provides data analytics-based solutions through both a cloud platform and on-premises infrastructure. Within customer engagement, Nice's CXone platform delivers solutions focused on contact center software and workforce engagement management, or WEM. Contact center offerings include solutions for digital self-service, customer journey and experience optimization, and compliance. WEM products optimize call center efficiency, leveraging data and AI analytics for call volume forecasting and agent scheduling. Within financial crime and compliance, Nice offers risk and investigation management, fraud prevention, anti-money laundering, and compliance solutions.