Scorpio Tankers (Scorpio Tankers) Cash And Cash Equivalents : $356 Mil (As of Dec. 2023)

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What is Scorpio Tankers Cash And Cash Equivalents?

Scorpio Tankers's quarterly cash and cash equivalents increased from Jun. 2023 ($313.92 Mil) to Sep. 2023 ($364.91 Mil) but then stayed the same from Sep. 2023 ($364.91 Mil) to Dec. 2023 ($355.55 Mil).

Scorpio Tankers's annual cash and cash equivalents increased from Dec. 2021 ($230.42 Mil) to Dec. 2022 ($376.87 Mil) but then declined from Dec. 2022 ($376.87 Mil) to Dec. 2023 ($355.55 Mil).

Scorpio Tankers Cash And Cash Equivalents Historical Data

The historical data trend for Scorpio 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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Scorpio Tankers Cash And Cash Equivalents Chart

Scorpio Tankers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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202.30

187.51

230.42

376.87

355.55

Scorpio Tankers Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															376.87	612.66	313.92	364.91	355.55

Scorpio 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.

Scorpio Tankers (NYSE:STNG) 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.

Scorpio Tankers Cash And Cash Equivalents Related Terms

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Scorpio Tankers (Scorpio Tankers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Scorpio Tankers Inc (NYSE:STNG) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

S0QA:Germany

Address

Le Millenium 9, Boulevard Charles III, Monaco, MCO, 98000

Website

https://www.scorpiotankers.com

Scorpio Tankers Inc is a provider of marine transportation of petroleum products. It owns, lease finances or bareboat charters-in 113 product tankers namely 39 LR2 tankers, 60 MR tankers and 14 Handymax tankers. The company's fleet of tankers is the largest, most eco-friendly and newest fleet on the water hauling clean petroleum products.