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One could count marketable securities as cash equivalents for the purpose of discussion here. They can be readily converted to cash on the time scale that is re
by fspeech 5y ago
One could count marketable securities as cash equivalents for the purpose of discussion here. They can be readily converted to cash on the time scale that is relevant to this thread.
- zeusk 5y agoNo you can't, the ones that are considered equivalent are included in the line item for cash/cash equivalents. marketable securities are volatile and don't hold their value exactly when there is a liquidity crisis. Even including these securities, totals to about $60B quite shy of either $200B or $1T
- fspeech 5y agoThese securities are marked to market, which means you can sell them for roughly that value over a reasonable amount of time. There's also 134B of non-current marketable securities based on the statements you cited, which brings the total to around $200B. The equivalence standard you used is the accounting standard, which means you can get the exact amount in cash overnight if you so desire. It's too strict when considering what financial resources you have in making long term capital investments.