1. Coins and currency on hand and in bank account balances. Because cash is a nonearning asset, individuals and companies usually keep their cash balances to the minimum level required to sustain operations. 2. The value of assets that can be converted into cash immediately. Usually includes bank accounts and marketable securities, such as government bonds etc. Cash equivalents on balance sheets include securities that mature within 90 days.
Leadership Advocate | Co-Founder Goldzone Group. I help leaders to master the new rules of leadership for the new economy. Over the past 30 years, I have visited over 500 cities in 54 countries to explore, learn from, and help many of the world’s leading companies, leaders, and luminaries in the fields of science, technology, health, finance, entrepreneurship, and leadership.