PXSAP.PFD (Pyxis Tankers) Cash And Cash Equivalents : $25.37 Mil (As of Sep. 2024)

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What is Pyxis Tankers Cash And Cash Equivalents?

Pyxis Tankers's quarterly cash and cash equivalents increased from Mar. 2024 ($24.30 Mil) to Jun. 2024 ($25.41 Mil) but then stayed the same from Jun. 2024 ($25.41 Mil) to Sep. 2024 ($25.37 Mil).

Pyxis Tankers's annual cash and cash equivalents increased from Dec. 2021 ($6.18 Mil) to Dec. 2022 ($7.56 Mil) and increased from Dec. 2022 ($7.56 Mil) to Dec. 2023 ($34.54 Mil).

Pyxis Tankers Cash And Cash Equivalents Historical Data

The historical data trend for Pyxis Tankers'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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Pyxis Tankers Cash And Cash Equivalents Chart

Pyxis Tankers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1.44

1.62

6.18

7.56

34.54

Pyxis Tankers Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial															31.80	34.54	24.30	25.41	25.37

Pyxis Tankers 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.

Pyxis Tankers (NAS:PXSAP.PFD) 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.

Pyxis Tankers Cash And Cash Equivalents Related Terms

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Pyxis Tankers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pyxis Tankers Inc (NAS:PXSAP.PFD) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

PXS:USA

Address

59 K. Karamanli Street, Maroussi, GRC, 15125

Website

https://www.pyxistankers.com

Pyxis Tankers Inc is an international maritime transportation company that focuses on the product tanker sector. It owns a fleet that comprises double-hull product tankers employed under a mix of short- and medium-term time charters and spot charters. The fleet owned by the company includes Pyxis Epsilon, Pyxis Theta, Pyxis Malou, Northsea Alpha, and Northsea Beta. Each of the vessels in the fleet is capable of transporting refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel, fuel oil, and other liquid bulk items, such as vegetable oils and organic chemicals.