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Okeanis Eco Tankers (Okeanis Eco Tankers) Cash, Cash Equivalents, Marketable Securities : $103.9 Mil (As of Mar. 2024)


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What is Okeanis Eco Tankers Cash, Cash Equivalents, Marketable Securities?

Okeanis Eco Tankers's quarterly cash, cash equivalents, marketable securities declined from Sep. 2023 ($76.50 Mil) to Dec. 2023 ($49.99 Mil) but then increased from Dec. 2023 ($49.99 Mil) to Mar. 2024 ($103.87 Mil).

Okeanis Eco Tankers's annual cash, cash equivalents, marketable securities increased from Dec. 2021 ($38.18 Mil) to Dec. 2022 ($81.35 Mil) but then declined from Dec. 2022 ($81.35 Mil) to Dec. 2023 ($49.99 Mil).


Okeanis Eco Tankers Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Okeanis Eco Tankers'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.

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Okeanis Eco Tankers Cash, Cash Equivalents, Marketable Securities Chart

Okeanis Eco Tankers Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash, Cash Equivalents, Marketable Securities
Get a 7-Day Free Trial 13.40 23.34 38.18 81.35 49.99

Okeanis Eco Tankers Quarterly Data
Jun19 Sep19 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 110.93 80.17 76.50 49.99 103.87

Okeanis Eco Tankers 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.


Okeanis Eco Tankers  (NYSE:ECO) 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.


Okeanis Eco Tankers Cash, Cash Equivalents, Marketable Securities Related Terms

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Okeanis Eco Tankers (Okeanis Eco Tankers) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Okeanis Eco Tankers Corp (NYSE:ECO) » Definitions » Cash, Cash Equivalents, Marketable Securities
Address
Ethnarchou Makariou av, & 2 D. Falireos street, Neo Faliro, Piraeus, GRC, 18547
Okeanis Eco Tankers Corp owns and operates tanker vessels in Greece. The business of the company is to own, charter out, and operate tanker vessels. The company owns, through its vessel-owning subsidiaries, a fleet of around seven tanker vessels and has around eight tanker vessels on order. The sailing fleet consists of around six modern Suezmax tankers, and eight VLCC tankers.

Okeanis Eco Tankers (Okeanis Eco Tankers) Headlines

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