Diamond Offshore Drilling OLD (Diamond Offshore Drilling OLD) Cash And Cash Equivalents : $38.39 Mil (As of Dec. 2021)

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What is Diamond Offshore Drilling OLD Cash And Cash Equivalents?

Diamond Offshore Drilling OLD's quarterly cash and cash equivalents increased from Jun. 2021 ($25.62 Mil) to Sep. 2021 ($27.30 Mil) and increased from Sep. 2021 ($27.30 Mil) to Dec. 2021 ($38.39 Mil).

Diamond Offshore Drilling OLD's annual cash and cash equivalents increased from Dec. 2019 ($156.28 Mil) to Dec. 2020 ($405.87 Mil) but then declined from Dec. 2020 ($405.87 Mil) to Dec. 2021 ($38.39 Mil).

Diamond Offshore Drilling OLD Cash And Cash Equivalents Historical Data

The historical data trend for Diamond Offshore Drilling OLD'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.

Diamond Offshore Drilling OLD Cash And Cash Equivalents Chart

Diamond Offshore Drilling OLD Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Cash And Cash Equivalents

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376.04

154.07

156.28

405.87

38.39

Diamond Offshore Drilling OLD Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Cash And Cash Equivalents	Get a 7-Day Free Trial															405.87	311.36	25.62	27.30	38.39

Diamond Offshore Drilling OLD 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.

Diamond Offshore Drilling OLD (OTCPK:DODRW) 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.

Diamond Offshore Drilling OLD Cash And Cash Equivalents Related Terms

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Diamond Offshore Drilling OLD (Diamond Offshore Drilling OLD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Diamond Offshore Drilling Inc. OLD (OTCPK:DODRW) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

15415 Katy Freeway, Suite 100, Houston, TX, USA, 77094

Website

https://www.diamondoffshore.com

Diamond Offshore Drilling Inc. OLD provides contract drilling services to the energy industry around the globe with a fleet of 14 offshore drilling rigs, consisting of four drillships and eight owned semisubmersible rigs and two managed rigs. It generates revenues from the U.S, Senegal, Spain Brazil, the UK, Australia, Malaysia and other countries.