Akamai Technologies (LTS:0HBQ) Cash, Cash Equivalents, Marketable Securities : $864 Mil (As of Dec. 2023)

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What is Akamai Technologies Cash, Cash Equivalents, Marketable Securities?

Akamai Technologies's quarterly cash, cash equivalents, marketable securities increased from Jun. 2023 ($790.56 Mil) to Sep. 2023 ($939.26 Mil) but then stayed the same from Sep. 2023 ($939.26 Mil) to Dec. 2023 ($864.44 Mil).

Akamai Technologies's annual cash, cash equivalents, marketable securities increased from Dec. 2021 ($1,078.20 Mil) to Dec. 2022 ($1,105.32 Mil) but then declined from Dec. 2022 ($1,105.32 Mil) to Dec. 2023 ($864.44 Mil).

Akamai Technologies Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Akamai Technologies'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.

Akamai Technologies Cash, Cash Equivalents, Marketable Securities Chart

Akamai Technologies Annual Data

Trend

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Dec23

Cash, Cash Equivalents, Marketable Securities

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1,536.99

1,098.07

1,078.20

1,105.32

864.44

Akamai Technologies 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															1,105.32	751.91	790.56	939.26	864.44

Akamai Technologies 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.

Akamai Technologies (LTS:0HBQ) 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.

Akamai Technologies Cash, Cash Equivalents, Marketable Securities Related Terms

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Akamai Technologies (LTS:0HBQ) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Akamai Technologies Inc (LTS:0HBQ) » Definitions » Cash, Cash Equivalents, Marketable Securities

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AKAM:USA AK3:Germany A1KA34:Brazil

Address

145 Broadway, Cambridge, MA, USA, 02142

Website

https://www.akamai.com

Akamai operates a content delivery network, or CDN, which entails locating servers at the edges of networks so its customers, which store content on Akamai servers, can reach their own customers faster, more securely, and with better quality. Akamai has over 325,000 servers distributed over 4,100 points of presence in more than 1,000 cities worldwide. Its customers generally include media companies, which stream video content or make video games available for download, and other enterprises that run interactive or high-traffic websites, such as e-commerce firms and financial institutions. Akamai also has a significant security business, which is integrated with its core delivery and computing businesses to protect customers from cyberthreats.

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