Akamai Technologies (WBO:AKAM) Cash And Cash Equivalents : €430 Mil (As of Mar. 2024)

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What is Akamai Technologies Cash And Cash Equivalents?

Akamai Technologies's quarterly cash and cash equivalents increased from Sep. 2023 (€430.93 Mil) to Dec. 2023 (€448.84 Mil) but then stayed the same from Dec. 2023 (€448.84 Mil) to Mar. 2024 (€430.30 Mil).

Akamai Technologies's annual cash and cash equivalents increased from Dec. 2021 (€475.00 Mil) to Dec. 2022 (€511.97 Mil) but then declined from Dec. 2022 (€511.97 Mil) to Dec. 2023 (€448.84 Mil).

Akamai Technologies Cash And Cash Equivalents Historical Data

The historical data trend for Akamai Technologies'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.

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Akamai Technologies Cash And Cash Equivalents Chart

Akamai Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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354.37

290.10

475.00

511.97

448.84

Akamai Technologies Quarterly Data
	Jun19	Sep19	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															279.08	275.62	430.93	448.84	430.30

Akamai Technologies 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.

Akamai Technologies (WBO:AKAM) 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.

Akamai Technologies Cash And Cash Equivalents Related Terms

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Akamai Technologies (WBO:AKAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Akamai Technologies Inc (WBO:AKAM) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

AKAM:USA AK3:Germany AK3:Germany 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.