Tsakos Energy Navigation Limited (TEN-PE) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q2'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 | Q3'20 | Q2'20 |
|---|
| Total Current Assets | 452.49M | 450.37M | 0 | 576.32M | 343.99M | 507.89M | 393.5M | 644M | 475.68M | 513.11M | 201.43M | 324.76M | 433.44M | 239.66M | 395.93M | 237.06M | 406.34M | 321.47M | 527.13M | 382.73M |
| Cash & Short-Term Investments | 287.22M | 348.31M | 0 | 476.43M | 343.99M | 376.69M | 393.5M | 529.22M | 475.68M | 304.37M | 201.43M | 161.15M | 142.97M | 117.19M | 115.63M | 128.85M | 126.9M | 160.47M | 236.49M | 244.5M |
| Cash Only | 287.22M | 348.31M | 0 | 381.92M | 343.99M | 376.69M | 393.5M | 529.22M | 475.68M | 304.37M | 201.43M | 161.15M | 142.97M | 117.19M | 115.63M | 128.85M | 126.9M | 160.47M | 236.49M | 244.5M |
| Short-Term Investments | 0 | 0 | 0 | 94.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 49.37M | 33.66M | 0 | 38.87M | 0 | 51.98M | 0 | 44.76M | 0 | 87.09M | 78.2M | 78.33M | 0 | 57.97M | 0 | 48.65M | 0 | 46.06M | 0 | 61.45M |
| Days Sales Outstanding | 19.6 | 16.45 | - | 16.52 | - | 21.72 | - | 18.39 | - | 28.13 | 32.18 | 32.89 | - | 38.33 | - | 32.45 | - | 32.19 | - | 29.31 |
| Inventory | 16.18M | 18.95M | 0 | 20.64M | 0 | 22.51M | 0 | 20.99M | 0 | 26.22M | 26.22M | 32.95M | 0 | 22.92M | 0 | 24.72M | 0 | 21.81M | 0 | 14.87M |
| Days Inventory Outstanding | 12.36 | 13.42 | - | 13.83 | - | 15.98 | - | 15.09 | - | 17.2 | 18.4 | 19.7 | - | 15.23 | - | 16.56 | - | 15.94 | - | 11.46 |
| Other Current Assets | 99.73M | 49.44M | 0 | 40.4M | 0 | 56.7M | 0 | 49.03M | 0 | 6.82M | 104.33M | 3.12M | 290.48M | 1.86M | 280.31M | 1.16M | 279.44M | 1.42M | 290.64M | 2.38M |
| Total Non-Current Assets | 3.36B | 3.26B | 0 | 3.19B | 3.16B | 2.86B | 2.97B | 2.81B | 2.95B | 2.8B | 2.91B | 2.74B | 2.62B | 2.66B | 2.59B | 2.8B | 2.65B | 2.79B | 2.65B | 2.77B |
| Property, Plant & Equipment | 3.29B | 3.18B | 0 | 3.13B | 2.93B | 2.79B | 2.75B | 2.74B | 2.67B | 2.73B | 2.62B | 2.67B | 2.62B | 2.6B | 2.59B | 2.72B | 2.65B | 2.73B | 2.65B | 2.73B |
| Fixed Asset Turnover | 0.06x | 0.06x | - | 0.07x | 0.07x | 0.08x | 0.07x | 0.08x | 0.10x | 0.10x | 0.08x | 0.08x | 0.06x | 0.05x | 0.05x | 0.05x | 0.05x | 0.05x | 0.05x | 0.07x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 35.31M | 33.5M | 0 | 22.57M | 0 | 28.88M | 0 | 23.62M | 0 | 23.31M | 0 | 4.53M | 0 | 24.69M | 0 | 441K | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 31.6M | 40.55M | 0 | 39.03M | 229.79M | 39.76M | 217.18M | 45.55M | 278.87M | 44.37M | 286.1M | 68.13M | 290.48M | 34.3M | 280.31M | 74.07M | 279.44M | 59.55M | 0 | 46.47M |
| Total Assets | 3.81B | 3.71B | 3.71B | 3.77B | 3.5B | 3.36B | 3.36B | 3.45B | 3.42B | 3.31B | 3.11B | 3.06B | 3.05B | 2.89B | 2.99B | 3.04B | 3.06B | 3.11B | 3.18B | 3.16B |
| Asset Turnover | 0.05x | 0.05x | 0.05x | 0.06x | 0.06x | 0.07x | 0.05x | 0.06x | 0.08x | 0.08x | 0.07x | 0.07x | 0.05x | 0.05x | 0.04x | 0.04x | 0.05x | 0.04x | 0.05x | 0.06x |
| Asset Growth % | 1.02% | 10.18% | 10.55% | 9.27% | 2.31% | 1.68% | 8.12% | 12.57% | 12.24% | 14.29% | 4.06% | 0.94% | -0.28% | -6.99% | -6.07% | -3.82% | -3.19% | -1.33% | 1.35% | -0.28% |
| Total Current Liabilities | 349.32M | 408.52M | 0 | 436.35M | 0 | 323.2M | 0 | 416.88M | 0 | 369.69M | 369.69M | 360.39M | 0 | 332.1M | 0 | 341.65M | 0 | 382.04M | 0 | 317.35M |
| Accounts Payable | 45.74M | 55.85M | 0 | 51.35M | 0 | 40.21M | 0 | 44.59M | 0 | 48.16M | 0 | 71.49M | 0 | 74.91M | 0 | 64.03M | 0 | 55.29M | 0 | 33.34M |
| Days Payables Outstanding | 35.75 | 39.54 | - | 34.41 | - | 28.54 | - | 32.07 | - | 31.6 | - | 42.73 | - | 49.79 | - | 42.89 | - | 40.42 | - | 25.7 |
| Short-Term Debt | 216.19M | 264.46M | 0 | 305M | 0 | 214.07M | 0 | 191.36M | 0 | 250.82M | 0 | 226.34M | 0 | 202.69M | 0 | 212.79M | 0 | 253.4M | 0 | 201.94M |
| Deferred Revenue (Current) | 13.93M | 37.41M | 0 | 17.65M | 0 | 31.9M | 0 | 33.37M | 0 | 26.05M | 0 | 7.08M | 0 | 9.02M | 0 | 8.34M | 0 | 12.62M | 0 | 15.02M |
| Other Current Liabilities | 73.47M | 50.81M | 0 | 62.35M | 0 | 37.02M | 0 | 147.56M | 0 | 44.67M | 0 | 55.49M | 0 | 45.48M | 0 | 56.49M | 0 | 60.72M | 0 | 67.05M |
| Current Ratio | 1.30x | 1.10x | - | 1.32x | - | 1.57x | - | 1.54x | - | 1.39x | 0.54x | 0.90x | - | 0.72x | - | 0.69x | - | 0.84x | - | 1.21x |
| Quick Ratio | 1.25x | 1.06x | - | 1.27x | - | 1.50x | - | 1.49x | - | 1.32x | 0.47x | 0.81x | - | 0.65x | - | 0.62x | - | 0.78x | - | 1.16x |
| Cash Conversion Cycle | -3.79 | -9.68 | - | -4.06 | - | 9.15 | - | 1.42 | - | 13.74 | - | 9.86 | - | 3.78 | - | 6.12 | - | 7.72 | - | 15.07 |
| Total Non-Current Liabilities | 1.65B | 1.53B | 0 | 1.58B | 1.82B | 1.39B | 1.73B | 1.4B | 1.75B | 1.42B | 1.68B | 1.33B | 1.72B | 1.27B | 1.63B | 1.33B | 1.68B | 1.35B | 1.76B | 1.36B |
| Long-Term Debt | 1.62B | 1.5B | 0 | 1.53B | 1.66B | 1.37B | 1.56B | 1.37B | 1.56B | 1.38B | 1.49B | 1.32B | 1.5B | 1.2B | 1.39B | 1.31B | 1.47B | 1.27B | 1.5B | 1.28B |
| Capital Lease Obligations | 0 | 4.33M | 0 | 10.64M | 0 | 17.03M | 0 | 28M | 0 | 39.13M | 0 | 0 | 0 | 58.82M | 0 | 0 | 0 | 46.13M | 0 | 43.61M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 36.08M | 31.14M | 0 | 38.69M | 161.48M | 524K | 172.06M | 178K | 197.69M | 5K | 188.8M | 2.8M | 212.67M | 11.85M | 247.29M | 19.43M | 210.19M | 34.35M | 262.9M | 38.66M |
| Total Liabilities | 2B | 1.94B | 1.97B | 2.02B | 1.82B | 1.71B | 1.73B | 1.81B | 1.75B | 1.79B | 1.68B | 1.69B | 1.72B | 1.6B | 1.63B | 1.67B | 1.68B | 1.73B | 1.76B | 1.68B |
| Total Debt | 1.83B | 1.76B | 0 | 1.85B | 1.66B | 1.6B | 1.56B | 1.59B | 1.56B | 1.67B | 1.49B | 1.55B | 1.5B | 1.46B | 1.39B | 1.52B | 1.47B | 1.57B | 1.5B | 1.52B |
| Net Debt | 1.54B | 1.42B | 0 | 1.47B | 1.32B | 1.23B | 1.17B | 1.06B | 1.08B | 1.36B | 1.29B | 1.39B | 1.36B | 1.34B | 1.27B | 1.39B | 1.35B | 1.41B | 1.26B | 1.28B |
| Debt / Equity | 1.01x | 1.00x | - | 1.05x | 0.99x | 0.97x | 0.99x | 0.97x | 0.96x | 1.09x | 1.05x | 1.12x | 1.13x | 1.13x | 1.03x | 1.11x | 1.07x | 1.13x | 1.05x | 1.03x |
| Debt / EBITDA | 19.80x | 21.01x | - | 16.82x | 17.01x | 13.27x | 27.66x | 18.30x | 6.64x | 10.43x | 21.93x | 16.92x | 156.79x | - | - | - | 659.61x | - | 99.48x | 18.70x |
| Net Debt / EBITDA | 16.69x | 16.86x | - | 13.34x | 13.48x | 10.15x | 20.68x | 12.20x | 4.61x | 8.52x | 18.98x | 15.16x | 141.89x | - | - | - | 602.76x | - | 83.74x | 15.69x |
| Interest Coverage | 2.19x | 1.87x | 1.87x | 3.52x | 3.16x | 2.06x | 2.34x | 3.45x | 8.24x | 4.74x | 4.47x | 5.40x | 2.91x | -5.91x | -1.96x | -1.70x | 0.32x | -1.79x | 1.11x | 3.49x |
| Total Equity | 1.81B | 1.77B | 1.71B | 1.75B | 1.68B | 1.65B | 1.58B | 1.64B | 1.62B | 1.52B | 1.42B | 1.38B | 1.33B | 1.29B | 1.35B | 1.37B | 1.38B | 1.38B | 1.42B | 1.48B |
| Equity Growth % | 3.16% | 6.93% | 8.68% | 7.11% | 3.81% | 8.52% | 10.7% | 18.66% | 21.44% | 17.89% | 5.31% | 0.71% | -3.1% | -6.52% | -4.86% | -7.52% | -5.98% | -6.15% | -2.7% | 2.54% |
| Book Value per Share | 60.91 | 59.65 | 57.84 | 59.36 | 56.99 | 56.01 | 53.41 | 55.42 | 54.90 | 52.17 | 49.19 | 48.01 | 52.16 | 50.52 | 68.30 | 73.32 | 75.62 | 75.91 | 76.36 | 77.51 |
| Total Shareholders' Equity | 1.76B | 1.73B | 1.71B | 1.72B | 1.68B | 1.62B | 1.58B | 1.58B | 1.62B | 1.47B | 1.37B | 1.33B | 1.28B | 1.24B | 1.31B | 1.32B | 1.35B | 1.35B | 1.39B | 1.45B |
| Common Stock | 151.54M | 151.54M | 0 | 150.92M | 0 | 150.92M | 1.63B | 150.92M | 1.67B | 150.92M | 150.92M | 146.54M | 1.33B | 126.22M | 1.35B | 102.19M | 1.38B | 95.97M | 1.42B | 95.97M |
| Retained Earnings | 685.62M | 652.65M | 0 | 647.45M | 0 | 548.24M | 0 | 510.61M | 0 | 311.73M | 311.73M | 181.01M | 0 | 149.5M | 0 | 294.09M | 0 | 338.8M | 0 | 390.54M |
| Treasury Stock | -6.79M | -6.79M | 0 | -6.79M | 0 | -6.79M | 0 | -6.79M | 0 | -6.79M | 0 | 0 | 0 | -6.79M | 0 | 0 | 0 | -9.83M | 0 | -5.07M |
| Accumulated OCI | -1.53M | -904K | 0 | 494K | 0 | 2.48M | 0 | 5.04M | 0 | 7.67M | -477.65M | 4M | 0 | -17.18M | 0 | -26.53M | 0 | -36.99M | 0 | -42.67M |
| Minority Interest | 42.14M | 39.49M | 0 | 35.68M | 0 | 34.09M | 0 | 51.65M | 0 | 51.02M | 50.87M | 50.87M | 50.99M | 50.99M | 46.41M | 46.41M | 28.14M | 28.14M | 27.47M | 27.47M |