Tsakos Energy Navigation Limited (TEN) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q4'25 | Q2'25 | Q1'25 | 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 |
|---|
| Total Current Assets | 433.86M | 452.49M | 349.58M | 450.37M | 385.9M | 576.32M | 343.99M | 507.89M | 393.5M | 643.11M | 475.68M | 511.21M | 201.43M | 171.8M | 142.97M | 237.82M | 115.63M | 138.91M | 126.9M | 319.87M |
| Cash & Short-Term Investments | 333.76M | 287.22M | 349.58M | 348.31M | 385.9M | 476.43M | 343.99M | 376.69M | 393.5M | 534.09M | 475.68M | 309.44M | 201.43M | 171.8M | 142.97M | 127.2M | 115.63M | 138.91M | 126.9M | 171.77M |
| Cash Only | 303.13M | 287.22M | 349.58M | 348.31M | 385.9M | 381.92M | 343.99M | 376.69M | 393.5M | 534.09M | 475.68M | 309.44M | 201.43M | 171.8M | 142.97M | 127.2M | 115.63M | 138.91M | 126.9M | 171.77M |
| Short-Term Investments | 30.64M | 0 | 0 | 0 | 0 | 94.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 53.85M | 49.37M | 0 | 33.66M | 0 | 38.87M | 0 | 51.98M | 0 | 44.76M | 0 | 87.09M | 0 | 0 | 0 | 57.97M | 0 | 0 | 0 | 46.06M |
| Days Sales Outstanding | 21.2 | 23.24 | - | 16.45 | - | 16.52 | - | 21.72 | - | 18.39 | - | 29.65 | - | - | - | 38.33 | - | - | - | 0.91 |
| Inventory | 12.59M | 16.18M | 0 | 18.95M | 0 | 20.64M | 0 | 22.51M | 0 | 20.99M | 0 | 26.22M | 0 | 0 | 0 | 22.92M | 0 | 0 | 0 | 21.81M |
| Days Inventory Outstanding | 10.01 | 11.32 | - | 13.42 | - | 13.84 | - | 15.98 | - | 15.09 | - | 17.2 | - | - | - | 15.23 | - | - | - | 0.51 |
| Other Current Assets | 33.65M | 99.73M | 0 | 49.44M | 0 | 40.4M | 0 | 56.7M | 0 | 43.27M | 0 | 88.47M | 0 | 0 | 0 | 29.74M | 0 | 0 | 0 | 80.23M |
| Total Non-Current Assets | 3.52B | 3.36B | 3.32B | 3.26B | 3.33B | 3.19B | 3.16B | 2.86B | 2.97B | 2.81B | 2.95B | 2.8B | 2.91B | 2.89B | 2.91B | 2.66B | 2.87B | 2.9B | 2.93B | 2.79B |
| Property, Plant & Equipment | 3.47B | 3.29B | 3.13B | 3.18B | 3.15B | 3.13B | 2.93B | 2.79B | 2.75B | 2.74B | 2.67B | 2.73B | 2.62B | 2.59B | 2.62B | 2.6B | 2.59B | 2.62B | 2.65B | 2.73B |
| Fixed Asset Turnover | 0.07x | 0.06x | 0.06x | 0.06x | 0.06x | 0.07x | 0.07x | 0.08x | 0.07x | 0.08x | 0.10x | 0.10x | 0.09x | 0.08x | 0.06x | 0.05x | 0.05x | 1.74x | 1.76x | 1.73x |
| 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 | 25.23M | 35.31M | 0 | 33.5M | 0 | 22.57M | 0 | 28.88M | 0 | 23.62M | 0 | 23.31M | 0 | 0 | 0 | 24.69M | 0 | 0 | 0 | 27.29M |
| Other Non-Current Assets | 28.28M | 31.6M | 195.5M | 40.55M | 175.85M | 39.03M | 229.79M | 39.76M | 217.18M | 46.43M | 278.87M | 46.28M | 286.1M | 299.13M | 290.48M | 36.14M | 280.31M | 276.5M | 279.44M | 33.86M |
| Total Assets | 3.95B | 3.81B | 3.67B | 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 |
| Asset Turnover | 0.06x | 0.05x | 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 | 1.50x | 1.53x | 1.48x |
| Asset Growth % | 6.65% | 1.02% | 4.87% | 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% |
| Total Current Liabilities | 458.04M | 349.32M | 0 | 408.52M | 0 | 436.35M | 0 | 323.2M | 0 | 416.88M | 0 | 369.69M | 0 | 0 | 0 | 332.1M | 0 | 0 | 0 | 382.04M |
| Accounts Payable | 42.68M | 45.74M | 0 | 55.85M | 0 | 51.35M | 0 | 40.21M | 0 | 44.59M | 0 | 48.16M | 0 | 0 | 0 | 74.91M | 0 | 0 | 0 | 0 |
| Days Payables Outstanding | 30.75 | 32.01 | - | 39.54 | - | 34.44 | - | 28.54 | - | 32.07 | - | 31.6 | - | - | - | 49.79 | - | - | - | - |
| Short-Term Debt | 309.75M | 216.19M | 0 | 264.46M | 0 | 305M | 0 | 214.07M | 0 | 191.36M | 0 | 251.85M | 0 | 0 | 0 | 202.69M | 0 | 0 | 0 | 253.4M |
| Deferred Revenue (Current) | 17.27M | 13.93M | 0 | 37.41M | 0 | 17.65M | 0 | 31.9M | 0 | 33.37M | 0 | 26.05M | 0 | 0 | 0 | 9.02M | 0 | 0 | 0 | 12.62M |
| Other Current Liabilities | 88.34M | 73.47M | 0 | 50.81M | 0 | 62.35M | 0 | 37.02M | 0 | 147.56M | 0 | 43.63M | 0 | 0 | 0 | 45.48M | 0 | 0 | 0 | 116.01M |
| Current Ratio | 0.95x | 1.30x | - | 1.10x | - | 1.32x | - | 1.57x | - | 1.54x | - | 1.38x | - | - | - | 0.72x | - | - | - | 0.84x |
| Quick Ratio | 0.92x | 1.25x | - | 1.06x | - | 1.27x | - | 1.50x | - | 1.49x | - | 1.31x | - | - | - | 0.65x | - | - | - | 0.78x |
| Cash Conversion Cycle | 0.46 | 2.55 | - | -9.68 | - | -4.08 | - | 9.15 | - | 1.42 | - | 15.25 | - | - | - | 3.77 | - | - | - | - |
| Total Non-Current Liabilities | 1.63B | 1.65B | 0 | 1.53B | 1.97B | 1.58B | 1.82B | 1.39B | 1.73B | 1.4B | 1.75B | 1.42B | 0 | 0 | 1.72B | 1.27B | 1.63B | 1.67B | 0 | 1.35B |
| Long-Term Debt | 1.62B | 1.62B | 1.71B | 1.5B | 1.78B | 1.53B | 1.66B | 1.37B | 1.56B | 1.37B | 1.56B | 1.38B | 1.49B | 1.48B | 1.5B | 1.2B | 1.39B | 1.42B | 1.47B | 1.27B |
| Capital Lease Obligations | 0 | 0 | 0 | 4.33M | 0 | 10.64M | 0 | 17.03M | 0 | 28M | 0 | 39.13M | 0 | 0 | 0 | 58.82M | 0 | 0 | 0 | 46.13M |
| 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 | 12.79M | 36.08M | -1.71B | 31.14M | 186.22M | 38.69M | 161.48M | 524K | 172.06M | 178K | 197.69M | 5K | -1.49B | -1.48B | 212.67M | 11.85M | 247.29M | 252.12M | -1.47B | 34.35M |
| Total Liabilities | 2.09B | 2B | 1.89B | 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 |
| Total Debt | 1.93B | 1.83B | 1.71B | 1.76B | 1.78B | 1.85B | 1.66B | 1.6B | 1.56B | 1.59B | 1.56B | 1.67B | 1.49B | 1.48B | 1.5B | 1.46B | 1.39B | 1.42B | 1.47B | 1.57B |
| Net Debt | 1.63B | 1.54B | 1.36B | 1.42B | 1.39B | 1.47B | 1.32B | 1.23B | 1.17B | 1.05B | 1.08B | 1.36B | 1.29B | 1.3B | 1.36B | 1.33B | 1.27B | 1.28B | 1.35B | 1.4B |
| Debt / Equity | 1.04x | 1.01x | 0.96x | 1.00x | 1.02x | 1.05x | 0.99x | 0.97x | 0.96x | 0.97x | 0.93x | 1.10x | 1.05x | 1.07x | 1.13x | 1.13x | 1.03x | 1.03x | 1.07x | 1.13x |
| Debt / EBITDA | 15.36x | 19.88x | 16.77x | 21.01x | 20.28x | 12.97x | 14.59x | 16.98x | 17.46x | 13.48x | 6.64x | 10.44x | 14.42x | 16.17x | 35.04x | 49.45x | 69.26x | 5.28x | 4.29x | 4.02x |
| Net Debt / EBITDA | 12.94x | 16.76x | 13.34x | 16.86x | 15.88x | 10.29x | 11.57x | 12.99x | 13.06x | 8.95x | 4.61x | 8.50x | 12.48x | 14.29x | 31.71x | 45.14x | 63.49x | 4.76x | 3.92x | 3.58x |
| Interest Coverage | 3.76x | 2.23x | 2.62x | 1.79x | 1.77x | 3.49x | 3.16x | 2.19x | 2.20x | 3.09x | 8.24x | 5.86x | 4.50x | 5.25x | 2.91x | -9.89x | -1.96x | -1.40x | 0.32x | -4.42x |
| Total Equity | 1.86B | 1.81B | 1.78B | 1.77B | 1.75B | 1.75B | 1.68B | 1.65B | 1.63B | 1.64B | 1.67B | 1.52B | 1.42B | 1.38B | 1.33B | 1.29B | 1.35B | 1.37B | 1.38B | 1.38B |
| Equity Growth % | 5.42% | 3.16% | 6.04% | 6.93% | 7.43% | 7.11% | 0.64% | 8.52% | 14.33% | 18.66% | 25.27% | 17.89% | 5.31% | 0.71% | -3.1% | -6.52% | -4.86% | -7.52% | -5.98% | -6.15% |
| Book Value per Share | 62.48 | 60.91 | 60.12 | 59.65 | 59.04 | 59.36 | 56.99 | 56.01 | 55.16 | 55.42 | 56.63 | 52.17 | 49.19 | 48.52 | 52.16 | 58.97 | 68.30 | 27.17 | 27.33 | 27.44 |
| Total Shareholders' Equity | 1.82B | 1.76B | 1.78B | 1.73B | 1.75B | 1.72B | 1.68B | 1.62B | 1.63B | 1.58B | 1.67B | 1.47B | 1.42B | 1.38B | 1.33B | 1.24B | 1.35B | 1.37B | 1.38B | 1.35B |
| Common Stock | 151.54M | 151.54M | 0 | 151.54M | 0 | 150.92M | 0 | 150.92M | 0 | 150.92M | 0 | 150.92M | 0 | 0 | 0 | 126.22M | 0 | 0 | 0 | 95.97M |
| Retained Earnings | 738.35M | 685.62M | 0 | 652.65M | 0 | 647.45M | 0 | 548.24M | 0 | 510.61M | 0 | 311.73M | 0 | 0 | 0 | 149.5M | 0 | 0 | 0 | 338.8M |
| Treasury Stock | -6.79M | -6.79M | 0 | -6.79M | 0 | -6.79M | 0 | -6.79M | 0 | -6.79M | 0 | -6.79M | 0 | 0 | 0 | -6.79M | 0 | 0 | 0 | -9.83M |
| Accumulated OCI | -1.89M | -1.53M | 0 | -904K | 0 | 494K | 0 | 2.48M | 0 | 5.04M | 0 | 7.67M | 0 | 0 | 0 | -17.18M | 0 | 0 | 0 | -36.99M |
| Minority Interest | 43.53M | 42.14M | 0 | 39.49M | 0 | 35.68M | 0 | 34.09M | 0 | 51.65M | 0 | 51.02M | 0 | 0 | 0 | 50.99M | 0 | 0 | 0 | 28.14M |