Euronav NV (Euronav NV) Cash And Cash Equivalents : $429 Mil (As of Dec. 2023)

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What is Euronav NV Cash And Cash Equivalents?

Euronav NV's quarterly cash and cash equivalents declined from Jun. 2023 ($164.53 Mil) to Sep. 2023 ($160.40 Mil) but then increased from Sep. 2023 ($160.40 Mil) to Dec. 2023 ($429.37 Mil).

Euronav NV's annual cash and cash equivalents increased from Dec. 2021 ($152.53 Mil) to Dec. 2022 ($179.93 Mil) and increased from Dec. 2022 ($179.93 Mil) to Dec. 2023 ($429.37 Mil).

Euronav NV Cash And Cash Equivalents Historical Data

The historical data trend for Euronav NV'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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Euronav NV Cash And Cash Equivalents Chart

Euronav NV Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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296.95

161.48

152.53

179.93

429.37

Euronav NV 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															179.93	209.25	164.53	160.40	429.37

Euronav NV 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.

Euronav NV (NYSE:EURN) 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.

Euronav NV Cash And Cash Equivalents Related Terms

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Euronav NV (Euronav NV) Business Description

Industry

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Traded in Other Exchanges

0K9A:UK OCW:Germany EURN:Belgium

Address

De Gerlachekaai 20, Antwerpen, BEL, B-2000

Website

http://www.euronav.com

Euronav NV owns and operates a fleet of vessels for international maritime shipping and storage of crude oil and petroleum products. The company organises itself into two segments: tankers and floating storage and offloading activities, or FSO. The tankers segment, which generates the majority of revenue, operates crude oil tankers on international markets. The FSO segment conducts floating production, floating storage, and offloading operations for crude oil and petroleum products.