Nuix (ASX:NXL) Cash, Cash Equivalents, Marketable Securities : A$24.0 Mil (As of Dec. 2023)

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What is Nuix Cash, Cash Equivalents, Marketable Securities?

Nuix's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (A$37.10 Mil) to Jun. 2023 (A$29.59 Mil) but then stayed the same from Jun. 2023 (A$29.59 Mil) to Dec. 2023 (A$23.96 Mil).

Nuix's annual cash, cash equivalents, marketable securities declined from Jun. 2021 (A$70.87 Mil) to Jun. 2022 (A$46.85 Mil) and declined from Jun. 2022 (A$46.85 Mil) to Jun. 2023 (A$29.59 Mil).

Nuix Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Nuix'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.

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Nuix Cash, Cash Equivalents, Marketable Securities Chart

Nuix Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Cash, Cash Equivalents, Marketable Securities

67.00

70.87

46.85

29.59

Nuix Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			52.52	46.85	37.10	29.59	23.96

Nuix 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.

Nuix (ASX:NXL) 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.

Nuix Cash, Cash Equivalents, Marketable Securities Related Terms

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Nuix (ASX:NXL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Nuix Ltd (ASX:NXL) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

NXLLF:USA

Address

1 Market Street, Level 27, Sydney, NSW, AUS, 2000

Website

https://www.nuix.com

Nuix Ltd is engaged in providing software-related services. It is engaged in the development and distribution of software. The company provides services to advisory firms, litigation support vendors, corporations, government and law enforcement agencies. Its products include Nuix Discover, Nuix Investigate, and Nuix Workstation among others. The group's revenue primarily consists of license fees from customers' right to use the software. Its customers are located in the regions of Asia Pacific, the Americas, and Europe, Middle East and Africa.