GlossaryCash and equivalents
Cash and equivalents
The company's liquid assets as a line in its own pane below the chart: cash, bank balances and short-term investments it can deploy right away. For treasury companies like Strategy, this is the reserve from which interest and dividends are paid without selling coins.
What is drawn
Each point is the balance of liquid assets at the end of a quarter or fiscal year, as shown on the balance sheet: cash and cash equivalents, plus short-term investments where the company reports them. Cryptocurrencies are not included; those are shown by Crypto holdings.
Since December 2025, the line for Strategy has followed the USD reserve the company reports every week, with each balance on its own day. Between two reports, the balance sheet figure stays in place if it is newer.
Each value sits on the day of the report, not on the balance sheet date. Filled dots mark the reported balances.
The label on the pane's axis shows the most recently reported balance.
How to read it
- Liquid assets vs. interest burden: If you add Interest burden alongside it, you can see how many years the reserve would cover the current interest and preferred dividends.
- Jumps come from capital increases, bonds or large purchases.
Good to know
- Stocks only. For US companies, the line usually goes back to about 2008; for others, a few fiscal years.
- The balance sheet shows the balance on the reporting date. Whatever the company takes in or spends after that only appears with the next report; for Strategy, with the next weekly report.