Company: TEN-PE
Filing Date: 2025-09-30
Form Type: 6-K
Source: 0001193125-25-225057
Chunk: 52

Company: TSAKOS ENERGY NAVIGATION LTD
Filing Date: 2025-09-30
Form: 6-K
Chunk 52
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 amounts reflected in the accompanying interim consolidated balance sheet of cash and cash equivalents, restricted cash, trade accounts receivable, margin deposits, accounts payable and due from (to) related parties, approximate their respective fair values due to the short maturity of these instruments. The fair value of long-term debt and other financial liabilities with variable interest rates approximate the recorded values, generally due to their variable interest rates. The carrying value of the short-term receivables related to seller's credits under sale and leaseback transactions approximate their fair value. The carrying amount of investments in debt securities approximates their respective fair values due to their short maturity and/or the volatility of the underlying interest rates.

The fair values of interest rate swap agreements, bunker swap agreements and other commodities swap agreements discussed in Note 8 above and the fair values of the investments in debt securities discussed in Note 10 above, are determined through Level 2 of the fair value hierarchy as defined in FASB guidance for Fair Value Measurements and are derived principally from or corroborated by observable market data, interest rates, yield curves and other items that allow value to be determined.

The estimated fair values of the Company ’s financial instruments, other than derivatives as of June 30, 2025, and December 31, 2024, are as follows:

Financial Instruments - Schedule of Carrying Values and Estimated Fair Values of Financial Instruments (Table)

|                                      |             Carrying 
 Amount June 30, 2025 |     | Fair Value June 30, 2025 |     |                 Carrying 
 Amount December 31, 2024 |     | Fair Value December 31, 2024 |
|:-------------------------------------|---------------------:|:----|-------------------------:|:----|-------------------------:|:----|-----------------------------:|
| Financial assets (liabilities)       |                      |     |                          |     |                          |     |                              |
| Cash and cash equivalents            |              282,394 |     |                  282,394 |     |                  343,373 |     |                      343,373 |
| Restricted cash                      |                4,826 |     |                    4,826 |     |                    4,939 |     |                        4,939 |
| Margin deposits                      |                4,270 |     |                    4,270 |     |                    4,270 |     |                        4,270 |
| Short-term receivable                |               12,664 |     |