Dynagas LNG Partners LP (Dynagas LNG Partners LP) Cash And Cash Equivalents : $64.91 Mil (As of Sep. 2023)

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What is Dynagas LNG Partners LP Cash And Cash Equivalents?

Dynagas LNG Partners LP's quarterly cash and cash equivalents increased from Mar. 2023 ($52.88 Mil) to Jun. 2023 ($52.90 Mil) and increased from Jun. 2023 ($52.90 Mil) to Sep. 2023 ($64.91 Mil).

Dynagas LNG Partners LP's annual cash and cash equivalents increased from Dec. 2020 ($24.98 Mil) to Dec. 2021 ($47.02 Mil) and increased from Dec. 2021 ($47.02 Mil) to Dec. 2022 ($48.60 Mil).

Dynagas LNG Partners LP Cash And Cash Equivalents Historical Data

The historical data trend for Dynagas LNG Partners LP'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.

* Premium members only.

Dynagas LNG Partners LP Cash And Cash Equivalents Chart

Dynagas LNG Partners LP Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

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109.92

16.21

24.98

47.02

48.60

Dynagas LNG Partners LP Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial															97.73	48.60	52.88	52.90	64.91

Dynagas LNG Partners LP 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.

Dynagas LNG Partners LP (NYSE:DLNGpA.PFD) 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.

Dynagas LNG Partners LP Cash And Cash Equivalents Related Terms

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Dynagas LNG Partners LP (Dynagas LNG Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Dynagas LNG Partners LP (NYSE:DLNGpA.PFD) » Definitions » Cash And Cash Equivalents

Comparable Companies

MMLP BPT CWPE PXS IMPP BANL SNMP MARPS SMLP GPP TSX:ENB EPD WMB ET LNG OKE MPLX KMI TSX:TRP CQP

Traded in Other Exchanges

DLNGpB.PFD:USA DLNG:USA

Address

Poseidonos Avenue and Foivis 2 Street, 166 74 Glyfada, Athens, GRC, 98000

Website

http://www.dynagaspartners.com

Dynagas LNG Partners LP is a limited partnership company focused on owning and operating high specification and versatile LNG carriers that are employed on multi-year contracts with international energy companies, providing the benefits of stable cash flows and high utilization rates. The company defines charters of two years or more as multi-year charters. Its current LNG Carrier fleet is optimized for trading flexibility. In addition to conventional trade, part of LNG Carrier fleet is assigned with Ice Class 1A FS notation and are winterized which enables trade in subzero and ice bound conditions.