Ocean Rig UDW (FRA:9ORN) Cash And Cash Equivalents : €579.3 Mil (As of Sep. 2018)

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What is Ocean Rig UDW Cash And Cash Equivalents?

Ocean Rig UDW's quarterly cash and cash equivalents increased from Mar. 2018 (€590.47 Mil) to Jun. 2018 (€613.98 Mil) but then stayed the same from Jun. 2018 (€613.98 Mil) to Sep. 2018 (€579.30 Mil).

Ocean Rig UDW's annual cash and cash equivalents increased from Dec. 2015 (€674.50 Mil) to Dec. 2016 (€681.31 Mil) but then declined from Dec. 2016 (€681.31 Mil) to Dec. 2017 (€622.02 Mil).

Ocean Rig UDW Cash And Cash Equivalents Historical Data

The historical data trend for Ocean Rig UDW'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.

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Ocean Rig UDW Cash And Cash Equivalents Chart

Ocean Rig UDW Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Cash And Cash Equivalents

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441.99

428.97

674.50

681.31

622.02

Ocean Rig UDW Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Cash And Cash Equivalents	Get a 7-Day Free Trial															583.75	622.02	590.47	613.98	579.30

Ocean Rig UDW 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.

Ocean Rig UDW (FRA:9ORN) 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.

Ocean Rig UDW Cash And Cash Equivalents Related Terms

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Ocean Rig UDW (FRA:9ORN) Business Description

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Website

http://www.ocean-rig.com

Ocean Rig UDW Inc is an international offshore drilling contractor. It provides oilfield services for offshore oil and gas exploration, development and production drilling and specializing in the ultra-deepwater and harsh-environment segment of the offshore drilling industry. The company employs drilling units primarily on a day rate basis for periods of between two months and six years to drill wells for its customers, typically major oil companies, integrated oil and gas companies, state-owned national oil companies and independent oil and gas companies.

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