TGS ASA (OSL:TGS) Cash And Cash Equivalents : kr2,060 Mil (As of Dec. 2023)

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What is TGS ASA Cash And Cash Equivalents?

TGS ASA's quarterly cash and cash equivalents increased from Jun. 2023 (kr1,553.83 Mil) to Sep. 2023 (kr2,147.59 Mil) but then stayed the same from Sep. 2023 (kr2,147.59 Mil) to Dec. 2023 (kr2,059.88 Mil).

TGS ASA's annual cash and cash equivalents declined from Dec. 2021 (kr1,920.47 Mil) to Dec. 2022 (kr1,848.67 Mil) but then increased from Dec. 2022 (kr1,848.67 Mil) to Dec. 2023 (kr2,059.88 Mil).

TGS ASA Cash And Cash Equivalents Historical Data

The historical data trend for TGS ASA'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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TGS ASA Cash And Cash Equivalents Chart

TGS ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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2,910.46

1,690.75

1,920.47

1,848.67

2,059.88

TGS ASA 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															1,848.67	2,190.78	1,553.83	2,147.59	2,059.88

TGS ASA 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.

TGS ASA (OSL:TGS) 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.

TGS ASA Cash And Cash Equivalents Related Terms

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TGS ASA (OSL:TGS) Business Description

Industry

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TGSGY:USA TGSo:Sweden 0MSJ:UK TGC:Germany

Address

Askekroken 11, Oslo, NOR, 0277

Website

https://www.tgs.com

TGS ASA provides geoscientific data products and services to the oil and gas industry to assist with licensing rounds and the preparation of regional data programs. It invests in multiclient data projects in frontier, emerging, and mature markets worldwide to develop a library of seismic imaging, well data, and interpretive products and services. Reportable segments are Western Hemisphere, Eastern Hemisphere, Digital Energy Solutions, Data Acquisition and Others. The company offers interpretation studies and services that integrate seismic, well logs, biostratigraphic data, core data and other geoscientific data to create basin-wide regional frameworks. TGS' geoscientists also contract consulting work in geology, geophysics, and petrophysics. Majority revenue comes from Latin America.