Zix (ZIXI) Cash, Cash Equivalents, Marketable Securities : $39.0 Mil (As of Sep. 2021)

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What is Zix Cash, Cash Equivalents, Marketable Securities?

Zix's quarterly cash, cash equivalents, marketable securities increased from Mar. 2021 ($23.75 Mil) to Jun. 2021 ($33.90 Mil) and increased from Jun. 2021 ($33.90 Mil) to Sep. 2021 ($38.97 Mil).

Zix's annual cash, cash equivalents, marketable securities declined from Dec. 2018 ($27.11 Mil) to Dec. 2019 ($13.35 Mil) but then increased from Dec. 2019 ($13.35 Mil) to Dec. 2020 ($21.36 Mil).

Zix Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Zix'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.

Zix Cash, Cash Equivalents, Marketable Securities Chart

Zix Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Cash, Cash Equivalents, Marketable Securities

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26.46

33.01

27.11

13.35

21.36

Zix Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															23.66	21.36	23.75	33.90	38.97

Zix 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.

Zix (NAS:ZIXI) 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.

Zix Cash, Cash Equivalents, Marketable Securities Related Terms

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Zix (ZIXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Zix Corp (NAS:ZIXI) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

2711 North Haskell Avenue, Suite 2200, LB 36, Dallas, TX, USA, 75204-2960

Website

https://www.zix.com

Zix Corp is a provider of security software for organizations in the healthcare, financial services, insurance, and government sectors. Its services include email encryption, data loss prevention, and bring- your-own-device security to meet data protection and compliance needs. The firm's flagship Zix Email Encryption enables transparent encrypted email delivery through its patented Best Method of Delivery, a secure and convenient method for the recipient, and Zix Gateway, which encrypts and decrypts sensitive messages. The company derives revenue from subscription fees on a one- to three-year basis. The vast majority of the firm's revenue is generated in the United States.

Executives

Taher Elgamal	director	245 SELBY LANE ATHERTON CA 94027
Di Leo John P.	officer: Chief Revenue Officer	2711 N. HASKELL AVENUE, SUITE 2300, DALLAS TX 75204
David E Rockvam	officer: CFO	2711 N. HASKELL AVENUE SUITE 2200 DALLAS TX 75204
Richard Spurr	director	6038 AZALEA LANE DALLAS TX 75230
Noah F Webster	officer: VP, General Counsel	2711 N. HASKELL AVENUE, SUITE 2300, DALLAS TX 75204
Maryclaire Campbell	director	2711 N. HASKELL AVENUE SUITE 2200 DALLAS TX 75204
David Wagner	director, officer: President, CEO	2711 N. HASKELL AVENUE, SUITE 2300, DALLAS TX 75204
Dave Robertson	officer: Vice President	2711 N HASKELL AVE STE 2300 LB 36 DALLAS TX 75204
Kelly P Haggerty	officer: Vice President	2711 N. HASKELL AVENUE SUITE 2200 DALLAS TX 75204
Maribess L Miller	director	2711 N. HASKELL AVENUE, SUITE 2300, DALLAS TX 75204
Robert C Hausmann	director	6586 INGLESIDE COURT SAN JOSE CA 95120
Mark J Bonney	director	2711 N. HASKELL AVENUE, SUITE 2300, DALLAS TX 74204
True Wind Capital Gp, Llc	director, 10 percent owner	FOUR EMBARCADERO CENTER, SUITE 2350, SAN FRANCISCO CA 94111
Zephyr Holdco, Llc	director, 10 percent owner	C/O TRUE WIND CAPITAL FOUR EMBARCADERO CENTER SUITE 2350 SAN FRANCISCO CA 94111
Greene James H Jr	director, 10 percent owner	C/O KKR, 9 W 57TH ST, NEW YORK NY 10019