cash and equivalents

Cash and equivalents

The value of assets that can be converted into cash immediately, as reported by a company. Usually includes bank accounts and marketable securities, such as bonds and Banker's Acceptances. Cash equivalents on balance sheets include securities (e.g., notes) that mature within 90 days.

cash and equivalents

The sum of cash and short-term assets that can be easily converted to cash. This measure of corporate liquidity indicates a firm's ability to meet its short-term obligations.
References in periodicals archive ?
Following the acquisition, Wheaton River has approximately CAD$31 million in cash and equivalents.