ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) Cash And Cash Equivalents : د.إ1,301 Mil (As of Dec. 2023)

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What is ADNOC Drilling Company PJSC Cash And Cash Equivalents?

ADNOC Drilling Company PJSC's quarterly cash and cash equivalents increased from Jun. 2023 (د.إ1,161.01 Mil) to Sep. 2023 (د.إ2,023.32 Mil) but then stayed the same from Sep. 2023 (د.إ2,023.32 Mil) to Dec. 2023 (د.إ1,300.66 Mil).

ADNOC Drilling Company PJSC's annual cash and cash equivalents declined from Dec. 2021 (د.إ1,664.20 Mil) to Dec. 2022 (د.إ1,195.58 Mil) but then increased from Dec. 2022 (د.إ1,195.58 Mil) to Dec. 2023 (د.إ1,300.66 Mil).

ADNOC Drilling Company PJSC Cash And Cash Equivalents Historical Data

The historical data trend for ADNOC Drilling Company PJSC'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.

ADNOC Drilling Company PJSC Cash And Cash Equivalents Chart

ADNOC Drilling Company PJSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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491.46

3,501.98

1,664.20

1,195.58

1,300.66

ADNOC Drilling Company PJSC Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial											1,195.58	1,699.04	1,161.01	2,023.32	1,300.66

ADNOC Drilling Company PJSC 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.

ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) 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.

ADNOC Drilling Company PJSC Cash And Cash Equivalents Related Terms

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ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

P.O Box 4017, Abu Dhabi, ARE

Website

https://www.adnoc.ae

ADNOC Drilling Company PJSC is engaged in providing drilling services and supporting marine equipment, and the hiring out of onshore and offshore drilling rigs on behalf of related parties involved in onshore and offshore oil and gas exploration. The operating business segments are Onshore, Offshore Jack-up, Offshore Island, and OilField Service, with maximum revenue from Onshore segment.

ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) Headlines

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