Comment by krrishd

Yeah that's a good flag.

To be even more specific though, "cash equivalent" and the sorts of treasuries that implies are specifically short-duration ones (ie. this cash cannot be parked in a 10-year US treasury either)

Cash equivalents are short-term commitments "with temporarily idle cash and easily convertible into a known cash amount"

https://en.wikipedia.org/wiki/Cash_and_cash_equivalents