PAO Sovcomflot (MIC:FLOT) Cash And Cash Equivalents : ₽86,885 Mil (As of Jun. 2023)

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What is PAO Sovcomflot Cash And Cash Equivalents?

PAO Sovcomflot's quarterly cash and cash equivalents declined from Sep. 2021 (₽51,603.16 Mil) to Dec. 2021 (₽45,396.38 Mil) but then increased from Dec. 2021 (₽45,396.38 Mil) to Jun. 2023 (₽86,884.52 Mil).

PAO Sovcomflot's annual cash and cash equivalents increased from Dec. 2019 (₽23,228.07 Mil) to Dec. 2020 (₽63,302.42 Mil) but then declined from Dec. 2020 (₽63,302.42 Mil) to Dec. 2021 (₽45,396.38 Mil).

PAO Sovcomflot Cash And Cash Equivalents Historical Data

The historical data trend for PAO Sovcomflot's Cash And Cash Equivalents 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.

PAO Sovcomflot Cash And Cash Equivalents Chart

PAO Sovcomflot Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Cash And Cash Equivalents

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19,939.10

18,601.86

23,228.07

63,302.42

45,396.38

PAO Sovcomflot Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun23
Cash And Cash Equivalents	Get a 7-Day Free Trial															60,976.72	62,574.03	51,603.16	45,396.38	86,884.52

PAO Sovcomflot Cash And Cash Equivalents 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.

PAO Sovcomflot (MIC:FLOT) Cash And Cash Equivalents Explanation

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.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

PAO Sovcomflot Cash And Cash Equivalents Related Terms

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PAO Sovcomflot (MIC:FLOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PAO Sovcomflot (MIC:FLOT) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

6 Gasheka Street, Moscow, RUS, 125047

Website

https://www.scf-group.ru

PAO Sovcomflot is a shipping company. It provides maritime transportation of hydrocarbons, as well as the servicing and support of offshore exploration and oil and gas production. The company's operating segment includes Offshore services; Gas transportation; Crude oil transportation; Oil products transportation and others. It generates maximum revenue from the Offshore services segment.