DHT Holdings (DHT Holdings) Cash And Cash Equivalents : $74.7 Mil (As of Dec. 2023)

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What is DHT Holdings Cash And Cash Equivalents?

DHT Holdings's quarterly cash and cash equivalents declined from Jun. 2023 ($130.65 Mil) to Sep. 2023 ($73.92 Mil) but then increased from Sep. 2023 ($73.92 Mil) to Dec. 2023 ($74.74 Mil).

DHT Holdings's annual cash and cash equivalents increased from Dec. 2021 ($60.37 Mil) to Dec. 2022 ($125.95 Mil) but then declined from Dec. 2022 ($125.95 Mil) to Dec. 2023 ($74.74 Mil).

DHT Holdings Cash And Cash Equivalents Historical Data

The historical data trend for DHT Holdings'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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DHT Holdings Cash And Cash Equivalents Chart

DHT Holdings Annual Data

Trend

Dec14

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Dec23

Cash And Cash Equivalents

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67.36

68.64

60.37

125.95

74.74

DHT Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															125.95	117.55	130.65	73.92	74.74

DHT Holdings 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.

DHT Holdings (NYSE:DHT) 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.

DHT Holdings Cash And Cash Equivalents Related Terms

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DHT Holdings (DHT Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » DHT Holdings Inc (NYSE:DHT) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

DHT:Mexico D8EN:Germany

Address

2 Church Street, Clarendon House, Hamilton, BMU, HM 11

Website

https://www.dhtankers.com

DHT Holdings Inc is a crude oil tanker company. It is an independent crude oil tanker company. Its fleet trades internationally and consists of crude oil tankers in the VLCC. It generates revenues from time charter and spot market operations. Its fleets consist of very large crude carriers known as VLCCs that range in size from 200,000 to 320,000 deadweight tons. Geographically, DHT operates in Monaco, Oslo, Norway, and Singapore.