DigitalOcean Holdings (DigitalOcean Holdings) Cash, Cash Equivalents, Marketable Securities : $419.1 Mil (As of Mar. 2024)

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What is DigitalOcean Holdings Cash, Cash Equivalents, Marketable Securities?

DigitalOcean Holdings's quarterly cash, cash equivalents, marketable securities increased from Sep. 2023 ($384.08 Mil) to Dec. 2023 ($411.77 Mil) and increased from Dec. 2023 ($411.77 Mil) to Mar. 2024 ($419.06 Mil).

DigitalOcean Holdings's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($1,713.39 Mil) to Dec. 2022 ($864.23 Mil) and declined from Dec. 2022 ($864.23 Mil) to Dec. 2023 ($411.77 Mil).

DigitalOcean Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for DigitalOcean Holdings'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.

* Premium members only.

DigitalOcean Holdings Cash, Cash Equivalents, Marketable Securities Chart

DigitalOcean Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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32.91

100.31

1,713.39

864.23

411.77

DigitalOcean Holdings Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial														612.55	550.51	384.08	411.77	419.06

DigitalOcean Holdings 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.

DigitalOcean Holdings (NYSE:DOCN) 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.

DigitalOcean Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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DigitalOcean Holdings (DigitalOcean Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » DigitalOcean Holdings Inc (NYSE:DOCN) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

0SU:Germany 0SU:Germany

Address

101 6th Avenue, New York, NY, USA, 10013

Website

https://www.digitalocean.com

DigitalOcean Holdings Inc is a cloud computing platform offering on-demand infrastructure and platform tools for developers, start-ups and small and medium-sized businesses. The customers use the platform for a wide range of cases, such as web and mobile applications, website hosting, e-commerce, media and gaming, personal web projects, and managed services, among many others. The group has a business presence in North America, Europe, Asia and Other countries.

Executives

Yancey L. Spruill	director, officer: Chief Executive Officer	1601 DRY CREEK DRIVE, SUITE 260, LONGMONT CO 80503
Megan Wood	officer: Chief Strategy Officer	C/O DIGITALOCEAN HOLDINGS, INC., 101 6TH AVENUE, NEW YORK NY 10013
Jeffrey Scott Guy	officer: Chief Operating Officer	C/O DIGITALOCEAN HOLDINGS, INC., 101 6TH AVENUE, NEW YORK NY 10013
Warren Jenson	director	30 FREDRICK AVE, ATHERTON CA 94027
Harold Matthew Norman	officer: Chief People Officer	C/O DIGITALOCEAN HOLDINGS, INC., 101 6TH AVENUE, NEW YORK NY 10013
Christopher Merritt	director	C/O DIGITALOCEAN HOLDINGS, INC., 101 6TH AVENUE, NEW YORK NY 10013
Carly D Brantz	officer: Chief Marketing Officer	C/O DIGITALOCEAN HOLDINGS, INC., 101 6TH AVENUE, NEW YORK NY 10013
Alan Shapiro	officer: General Counsel
Amy S Butte	director	C/O L CATTERTON MANAGEMENT, 599 WEST PUTNAM AVENUE, GREENWICH CT 06830
Matt Steinfort	officer: Chief Financial Officer	1805 29TH STREET SUITE 2050, BOULDER CO 80301
Muhammad Aaqib Gadit	officer: Chief Revenue Officer	C/O DIGITALOCEAN HOLDINGS, INC., 101 6TH AVENUE, NEW YORK NY 10013
Gabriel Monroy	officer: Chief Product Officer	C/O DIGITALOCEAN HOLDINGS, INC., 101 6TH AVENUE, NEW YORK NY 10013
Adrienne Elizabeth Calderone	officer: SVP, Chief Accounting Officer	101 6TH AVENUE, NEW YORK NY 10013
Andreessen Horowitz Fund Iii, L.p.	10 percent owner	2865 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Ah Capital Management, L.l.c.	10 percent owner	2865 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025