Transocean Partners LLC (Transocean Partners LLC) Cash, Cash Equivalents, Marketable Securities : $221.0 Mil (As of Sep. 2016)

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What is Transocean Partners LLC Cash, Cash Equivalents, Marketable Securities?

Transocean Partners LLC's quarterly cash, cash equivalents, marketable securities increased from Mar. 2016 ($155.00 Mil) to Jun. 2016 ($171.00 Mil) and increased from Jun. 2016 ($171.00 Mil) to Sep. 2016 ($221.00 Mil).

Transocean Partners LLC's annual cash, cash equivalents, marketable securities increased from Dec. 2013 ($0.00 Mil) to Dec. 2014 ($86.00 Mil) and increased from Dec. 2014 ($86.00 Mil) to Dec. 2015 ($159.00 Mil).

Transocean Partners LLC Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Transocean Partners LLC's Cash, Cash Equivalents, Marketable Securities 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.

Transocean Partners LLC Cash, Cash Equivalents, Marketable Securities Chart

Transocean Partners LLC Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Cash, Cash Equivalents, Marketable Securities

86.00

159.00

Transocean Partners LLC Quarterly Data
	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial											140.00	159.00	155.00	171.00	221.00

Transocean Partners LLC Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Transocean Partners LLC (NYSE:RIGP) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Transocean Partners LLC Cash, Cash Equivalents, Marketable Securities Related Terms

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Transocean Partners LLC (Transocean Partners LLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Transocean Partners LLC (NYSE:RIGP) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.transoceanpartners.com

Transocean Partners LLC was formed on February 6, 2014, to own, operate and acquire modern, technologically advanced offshore drilling rigs. The Company's drilling units in the fleet are currently located in the United States, Gulf of Mexico. Its initial assets consists of approximately 51 percent interest in the RigCos that own and operate three ultra-deepwater drilling rigs operating in the U.S. Gulf of Mexico. The Company's drilling rigs operate under the long-term contracts with the Chevron and BP.

Executives

Kathleen S Mcallister	director, officer: President, CEO and CFO	DEEPWATER HOUSE, KINGSWELLS CAUSEWAY, PRIME FOUR BUSINESS PARK, ABERDEEN, SCOTLAND X0 AB15 8PU
Norman J Szydlowski	director	6120 S. YALE, SUITE 700, TULSA OK 74136
Brady K Long	director	5847 SAN FELIPE, SUITE 3300, HOUSTON TX 77057
Mark-anthony Lovell Mey	director	15835 PARK TEN PLACE DRIVE, HOUSTON TX 77084
Glyn Anthony Barker	director	10 CHEMIN DE BLANDONNET, VERNIER, GENEVA V8 1214
Samuel J. Merksamer	director	C/O ICAHN CAPITAL LP, 767 FIFTH AVENUE, 47TH FLOOR, NEW YORK NY 10153
Esa Ikaheimonen	director	10 CHEMIN DE GLANDONNET, GENEVA V8 1214

Transocean Partners LLC (Transocean Partners LLC) Headlines

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