Cash or Cash Equivalents are the most liquid of all assets found on company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Nokia
Cash
=
Greens
+
Liquids
=
13.51 B
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually 3 months).
In accordance with recently published financial statements Nokia Corporation has 13.51 B in Cash and Equivalents. This is 621.26% higher than that of Technology sector, and 735.48% higher than that of Communication Equipment industry, The Cash and Equivalents for all stocks is 392.44% lower than the firm.
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Cash and Equivalents Comparison
Nokia is considered to be number one stock in cash and equivalents category among related companies.
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