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

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What is Ocean Rig UDW Cash, Cash Equivalents, Marketable Securities?

Ocean Rig UDW's quarterly cash, cash equivalents, marketable securities 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, cash equivalents, marketable securities 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, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Ocean Rig UDW'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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Ocean Rig UDW Cash, Cash Equivalents, Marketable Securities Chart

Ocean Rig UDW Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Cash, Cash Equivalents, Marketable Securities

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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, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															583.75	622.02	590.47	613.98	579.30

Ocean Rig UDW 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.

Ocean Rig UDW (FRA:9ORN) 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.

Ocean Rig UDW Cash, Cash Equivalents, Marketable Securities 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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