KNOT Offshore Partners LP (FRA:KO4) Cash And Cash Equivalents : €46.2 Mil (As of Mar. 2024)

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What is KNOT Offshore Partners LP Cash And Cash Equivalents?

KNOT Offshore Partners LP's quarterly cash and cash equivalents increased from Sep. 2023 (€49.84 Mil) to Dec. 2023 (€58.62 Mil) but then stayed the same from Dec. 2023 (€58.62 Mil) to Mar. 2024 (€46.22 Mil).

KNOT Offshore Partners LP's annual cash and cash equivalents declined from Dec. 2021 (€55.13 Mil) to Dec. 2022 (€44.92 Mil) but then increased from Dec. 2022 (€44.92 Mil) to Dec. 2023 (€58.62 Mil).

KNOT Offshore Partners LP Cash And Cash Equivalents Historical Data

The historical data trend for KNOT Offshore Partners LP'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.

* Premium members only.

KNOT Offshore Partners LP Cash And Cash Equivalents Chart

KNOT Offshore Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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39.17

43.22

55.13

44.92

58.62

KNOT Offshore Partners LP 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															48.90	58.26	49.84	58.62	46.22

KNOT Offshore Partners LP 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.

KNOT Offshore Partners LP (FRA:KO4) 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.

KNOT Offshore Partners LP Cash And Cash Equivalents Related Terms

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KNOT Offshore Partners LP (FRA:KO4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » KNOT Offshore Partners LP (FRA:KO4) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

KNOP:USA

Address

2 Queens Cross, Aberdeenshire, Aberdeen, GBR, AB15 4YB

Website

https://www.knotoffshorepartners.com

KNOT Offshore Partners LP owns, operates, and shuttles tankers under long-term charters in the North Sea and Brazil. The company provides crude oil loading, transportation, and storage services under time charters and bareboat charters. The Partnership is formed for acquiring ownership interests in over four shuttle tankers owned by Knutsen NYK Offshore Tankers AS (KNOT). It operates through the shuttle tanker market segment.

KNOT Offshore Partners LP (FRA:KO4) Headlines

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