d'Amico International Shipping (LTS:0OEY) Cash And Cash Equivalents : €156.5 Mil (As of Mar. 2024)

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What is d'Amico International Shipping Cash And Cash Equivalents?

d'Amico International Shipping's quarterly cash and cash equivalents increased from Sep. 2023 (€98.72 Mil) to Dec. 2023 (€101.93 Mil) and increased from Dec. 2023 (€101.93 Mil) to Mar. 2024 (€156.46 Mil).

d'Amico International Shipping's annual cash and cash equivalents increased from Dec. 2021 (€38.42 Mil) to Dec. 2022 (€111.29 Mil) but then declined from Dec. 2022 (€111.29 Mil) to Dec. 2023 (€101.93 Mil).

d'Amico International Shipping Cash And Cash Equivalents Historical Data

The historical data trend for d'Amico International Shipping'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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d'Amico International Shipping Cash And Cash Equivalents Chart

d'Amico International Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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30.24

51.02

38.42

111.29

101.93

d'Amico International Shipping Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															144.93	104.58	98.72	101.93	156.46

d'Amico International Shipping 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.

d'Amico International Shipping (LTS:0OEY) 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.

d'Amico International Shipping Cash And Cash Equivalents Related Terms

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d'Amico International Shipping (LTS:0OEY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » d'Amico International Shipping SA (LTS:0OEY) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

DMCOF:USA DIS:Italy B7C0:Germany

Address

25C Boulevard Royal, 11th Floor, Luxembourg, LUX, 2449

Website

https://www.damicointernationalshipping.com

d'Amico International Shipping SA is an international marine transportation company. It provides transportation services for refined petroleum products and vegetable oil. It operates a flexible fleet of product/chemical tankers. The product tankers transport refined oil products through various double-hulled vessels. It serves oil companies and trading houses. Its revenue is generated from the employment of the vessels of its fleet under spot contracts and time charters, for the marine transportation of refined petroleum products. Geographically the activities are performed throughout Luxembourg.

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