Tsakos Energy Navigation (Tsakos Energy Navigation) Total Current Assets : $509.3 Mil (As of Dec. 2023)

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What is Tsakos Energy Navigation Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Tsakos Energy Navigation's total current assets for the quarter that ended in Dec. 2023 was $509.3 Mil.

Tsakos Energy Navigation Total Current Assets Historical Data

The historical data trend for Tsakos Energy Navigation's Total Current Assets 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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Tsakos Energy Navigation Total Current Assets Chart

Tsakos Energy Navigation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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397.01

321.47

239.66

513.11

509.34

Tsakos Energy Navigation Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Current Assets	Get a 7-Day Free Trial															513.11	475.68	644.00	393.51	509.34

Tsakos Energy Navigation Total Current Assets Calculation

Total Current Assets are the asset that can be converted to cash or used to pay current liabilities within 12 months.

Tsakos Energy Navigation's Total Current Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	372.032	+	51.985	+	22.513	+	62.806
	=	509.3

Tsakos Energy Navigation's Total Current Assets for the quarter that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	372.032	+	51.985	+	22.513	+	62.806
	=	509.3

Total Current Assets is linked to the Current Ratio, which is the result of dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations.

Total Current Assets is also linked to Working Capital, Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Tsakos Energy Navigation (NYSE:TNP) Total Current Assets Explanation

In Ben Graham's calculation of liquidation value, inventory is only considered worth half of its book value, and accounts receivable is considered worth 75% of its value. Therefore the liquidation value is lower than calculated from total current assets.

Tsakos Energy Navigation's Liquidation Value for the quarter that ended in Dec. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	372.032	-	1711.443	+	0.75 * 46.698	+	0.5 * 22.513
=	-1,293.1

Tsakos Energy Navigation Total Current Assets Related Terms

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Tsakos Energy Navigation (Tsakos Energy Navigation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tsakos Energy Navigation Ltd (NYSE:TNP) » Definitions » Total Current Assets

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Traded in Other Exchanges

TNPpF.PFD:USA TNPpE.PFD:USA TK41:Germany

Address

367 Syngrou Avenue, Ktirio Macedonia, P.O Box 79141, Palaio Faliro, Athens, GRC, 175 64

Website

https://www.tenn.gr

Tsakos Energy Navigation Ltd is a seaborne transportation service provider for crude oil and petroleum products. The company's carriers cater to national and international independent oil companies and refiners. It generates revenue through charter contracts with its clients, which include time, bareboat, and voyage charters, contracts of affreightment, and pool arrangements.