Adnoc Logistics & Services (ADX:ADNOCLS) Cash And Cash Equivalents : د.إ808 Mil (As of Sep. 2024)

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What is Adnoc Logistics & Services Cash And Cash Equivalents?

Adnoc Logistics & Services's quarterly cash and cash equivalents declined from Mar. 2024 (د.إ1,278.23 Mil) to Jun. 2024 (د.إ1,252.08 Mil) but then stayed the same from Jun. 2024 (د.إ1,252.08 Mil) to Sep. 2024 (د.إ807.58 Mil).

Adnoc Logistics & Services's annual cash and cash equivalents declined from Dec. 2021 (د.إ1,353.31 Mil) to Dec. 2022 (د.إ605.80 Mil) but then increased from Dec. 2022 (د.إ605.80 Mil) to Dec. 2023 (د.إ792.30 Mil).

Adnoc Logistics & Services Cash And Cash Equivalents Historical Data

The historical data trend for Adnoc Logistics & Services'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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Adnoc Logistics & Services Cash And Cash Equivalents Chart

Adnoc Logistics & Services Annual Data

Trend

Dec21

Dec22

Dec23

Cash And Cash Equivalents

1,353.31

605.80

792.30

Adnoc Logistics & Services Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial							1,425.22	792.30	1,278.23	1,252.08	807.58

Adnoc Logistics & Services 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 Logistics & Services (ADX:ADNOCLS) 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 Logistics & Services Cash And Cash Equivalents Related Terms

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Adnoc Logistics & Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Adnoc Logistics & Services PLC (ADX:ADNOCLS) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

Abu Dhabi Global Market Square, Part of Level 28, Al Sarab Tower, Al Maryah Island, Abu Dhabi, ARE, 764649

Website

https://www.adnocls.ae

Adnoc Logistics & Services PLC provides fully integrated, end-to-end services to ADNOC Group companies and its extensive range of customers in the energy maritime industry. Its business is organized into six reportable segments namely Tankers, Gas carriers, Integrated logistics, Dry bulk and containers, Marine services, and others. The majority of the company's revenue is generated from the Integrated logistics segment.

Adnoc Logistics & Services Headlines

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