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Coinbase Global's quarterly cash and cash equivalents increased from Sep. 2023 ($5,100.80 Mil) to Dec. 2023 ($5,139.35 Mil) and increased from Dec. 2023 ($5,139.35 Mil) to Mar. 2024 ($6,586.63 Mil).
Coinbase Global's annual cash and cash equivalents declined from Dec. 2021 ($7,123.48 Mil) to Dec. 2022 ($4,425.02 Mil) but then increased from Dec. 2022 ($4,425.02 Mil) to Dec. 2023 ($5,139.35 Mil).
The historical data trend for Coinbase Global'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.
Coinbase Global Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Cash And Cash Equivalents | 548.95 | 1,061.85 | 7,123.48 | 4,425.02 | 5,139.35 |
Coinbase Global Quarterly Data | ||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Cash And Cash Equivalents | Get a 7-Day Free Trial | 5,018.41 | 5,166.73 | 5,100.80 | 5,139.35 | 6,586.63 |
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.
Coinbase Global (NAS:COIN) 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 Coinbase Global's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
Gokul Rajaram | director | 301 CONGRESS AVENUE, SUITE 700, AUSTIN TX 78701 |
Ehrsam Frederick Ernest Iii | director | C/O COINBASE GLOBAL, INC., 100 PINE STREET, SUITE 1250, SAN FRANCISCO CA 94111 |
Emilie Choi | officer: President | C/O COINBASE GLOBAL, INC., 100 PINE STREET, SUITE 1250, SAN FRANCISCO CA 94111 |
Brian Armstrong | director, 10 percent owner, officer: Chairman and CEO | 100 PINE STREET, SUITE 1250, SAN FRANCISCO CA 94111 |
Marc L Andreessen | director, 10 percent owner | C/O ARNOLD & PORTER LLP, 3 EMBARCADERO CENTER 7TH FLOOR, SAN FRANCISCO CA 94111 |
Paul Grewal | officer: Chief Legal Officer | C/O COINBASE GLOBAL, INC., 100 PINE STREET, SUITE 1250, SAN FRANCISCO CA 94111 |
Lawrence J Brock | officer: Chief People Officer | C/O COINBASE GLOBAL, INC., 248 3RD ST #434, OAKLAND CA 94607 |
Alesia J Haas | officer: Chief Financial Officer | 3333 BEVERLY ROAD, HOFFMAN ESTATES IL 60179 |
Kathryn Haun | director | C/O COINBASE GLOBAL, INC., 100 PINE STREET, SUITE 1250, SAN FRANCISCO CA 94111 |
Jennifer N. Jones | officer: Chief Accounting Officer | C/O COINBASE GLOBAL, INC., 100 PINE STREET, SUITE 1250, SAN FRANCISCO CA 94111 |
Tobias Lutke | director | C/O SHOPIFY INC., 150 ELGIN ST., 8TH FLOOR, OTTAWA A6 K2P 1L4 |
Surojit Chatterjee | officer: Chief Product Officer | C/O COINBASE GLOBAL, INC., 100 PINE STREET, SUITE 1250, SAN FRANCISCO CA 94111 |
Andreessen Horowitz Lsv Fund I-b, L.p. | 10 percent owner | 2865 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025 |
Andreessen Horowitz Fund Iii, L.p. | 10 percent owner | 2865 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025 |
Frederick R Wilson | director, 10 percent owner |
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