Teekay (Teekay) Cash, Cash Equivalents, Marketable Securities : $653 Mil (As of Dec. 2023)

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What is Teekay Cash, Cash Equivalents, Marketable Securities?

Teekay's quarterly cash, cash equivalents, marketable securities increased from Jun. 2023 ($451.20 Mil) to Sep. 2023 ($511.24 Mil) and increased from Sep. 2023 ($511.24 Mil) to Dec. 2023 ($652.68 Mil).

Teekay's annual cash, cash equivalents, marketable securities increased from Dec. 2021 ($120.99 Mil) to Dec. 2022 ($519.86 Mil) and increased from Dec. 2022 ($519.86 Mil) to Dec. 2023 ($652.68 Mil).

Teekay Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Teekay'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.

* Premium members only.

Teekay Cash, Cash Equivalents, Marketable Securities Chart

Teekay Annual Data

Trend

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Dec23

Cash, Cash Equivalents, Marketable Securities

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627.23

129.60

120.99

519.86

652.68

Teekay Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															519.86	460.77	451.20	511.24	652.68

Teekay 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.

Teekay (NYSE:TK) 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.

Teekay Cash, Cash Equivalents, Marketable Securities Related Terms

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Teekay (Teekay) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Teekay Corp (NYSE:TK) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

TK:Mexico TCD:Germany TCD:Germany

Address

69 Pitts Bay Road, 4th Floor, Belvedere Building, Hamilton, BMU, HM 08

Website

https://www.teekay.com

Teekay Corp is engaged in providing crude oil and gas marine transportation services. It also offers offshore oil production, storage, and offloading services, primarily under long-term, fixed-rate contracts. The company has three primary lines of business: offshore production (FPSO units), operational and maintenance marine services, and conventional tankers. It manages these businesses for the benefit of all stakeholders. The company serves energy and utility companies, oil traders, large oil and LNG consumers, petroleum product producers, government agencies, and various other entities that depend upon marine transportation.