Okta (STU:0OK) Cash And Cash Equivalents : €285 Mil (As of Oct. 2024)

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What is Okta Cash And Cash Equivalents?

Okta's quarterly cash and cash equivalents increased from Apr. 2024 (€300.10 Mil) to Jul. 2024 (€474.83 Mil) but then stayed the same from Jul. 2024 (€474.83 Mil) to Oct. 2024 (€284.58 Mil).

Okta's annual cash and cash equivalents increased from Jan. 2022 (€229.84 Mil) to Jan. 2023 (€244.99 Mil) and increased from Jan. 2023 (€244.99 Mil) to Jan. 2024 (€306.61 Mil).

Okta Cash And Cash Equivalents Historical Data

The historical data trend for Okta'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.

* Premium members only.

Okta Cash And Cash Equivalents Chart

Okta Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Cash And Cash Equivalents

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468.56

356.81

229.84

244.99

306.61

Okta Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Cash And Cash Equivalents	Get a 7-Day Free Trial															378.80	306.61	300.10	474.83	284.58

Okta Cash And Cash Equivalents 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.

Okta (STU:0OK) 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.

Okta Cash And Cash Equivalents Related Terms

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Okta Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Okta Inc (STU:0OK) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

OKTA:USA OKTA:Mexico 0KB7:UK O1KT34:Brazil

Address

100 First Street, Suite 600, San Francisco, CA, USA, 94105

Website

https://www.okta.com

Okta is a cloud-native security company that focuses on identity and access management. The San Francisco-based firm went public in 2017 and focuses on two key client stakeholder groups: workforces and customers. Okta's workforce offerings enable a company's employees to securely access its cloud-based and on-premises resources. The firm's customer offerings allow its clients' customers to securely access the client's applications.

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