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Nextdoor Holdings's quarterly cash and cash equivalents declined from Jun. 2023 ($74.27 Mil) to Sep. 2023 ($48.44 Mil) but then increased from Sep. 2023 ($48.44 Mil) to Dec. 2023 ($60.23 Mil).
Nextdoor Holdings's annual cash and cash equivalents declined from Dec. 2021 ($521.81 Mil) to Dec. 2022 ($55.24 Mil) but then increased from Dec. 2022 ($55.24 Mil) to Dec. 2023 ($60.23 Mil).
The historical data trend for Nextdoor Holdings'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.
Nextdoor Holdings Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Cash And Cash Equivalents | - | 83.64 | 521.81 | 55.24 | 60.23 |
Nextdoor Holdings Quarterly Data | |||||||||||||||
Dec19 | Jun20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Cash And Cash Equivalents | Get a 7-Day Free Trial | 55.24 | 67.82 | 74.27 | 48.44 | 60.23 |
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.
Nextdoor Holdings (NYSE:KIND) 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.
Thank you for viewing the detailed overview of Nextdoor Holdings's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
John Orta | officer: Head of Legal and Secretary | C/O NEXTDOOR HOLDINGS, INC., 420 TAYLOR STREET, SAN FRANCISCO CA 94012 |
Dana L Evan | director | 550 EAST TIMPANOGOS CIRCLE, *, OREM UT 84097 |
Greylock 16 Gp Llc | other: Member of 10% owner group | 2550 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025 |
David L Sze | director | GREYLOCK, 880 WINTER STREET SUITE 300, WALTHAM MA 02451 |
Mary G Meeker | director | 2750 SAND HILL ROAD, MENLO PARK CA 94025 |
Jason Pressman | director | 2440 SAND HILL ROAD, SUITE 300, MENLO PARK CA 94025 |
Greylock 16 Limited Partnership | other: Member of 10% owner group | 1600 DISTRICT AVENUE, SUITE 104, BURLINGTON MA 01803 |
Greylock 16-a Limited Partnership | other: Member of 10% owner group | 1600 DISTRICT AVENUE, SUITE 104, BURLINGTON MA 01803 |
Greylock 16 Principals Lp | other: Member of 10% owner group | 1600 DISTRICT AVENUE, SUITE 104, BURLINGTON MA 01803 |
Shasta Ventures Ii Gp, Llc | 10 percent owner | 2440 SAND HILL ROAD, SUITE 300, MENLO PARK CA 94025 |
Greylock Discovery Fund Llc | 10 percent owner | 2550 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025 |
Sarah Friar | director, officer: CEO and President | C/O NEXTDOOR HOLDINGS, INC., 420 TAYLOR STREET, SAN FRANCISCO CA 94102 |
Andrea M Wishom | director | 651 BRANNAN ST., SAN FRANCISCO CA 94107 |
Benchmark Capital Management Co. Viii, L.l.c. | 10 percent owner | 2965 WOODSIDE ROAD, WOODSIDE CA 94062 |
Benchmark Capital Partners Viii, L.p. | 10 percent owner | 2965 WOODSIDE ROAD, WOODSIDE CA 94062 |
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