v3.25.2
Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2025
Financial Instruments  
Schedule of estimated fair values of the financial instruments

As of June 30, 2025

As of December 31, 2024

    

Book Value

    

Fair Value

    

Book Value

    

Fair Value

(in thousands of $)

Cash and cash equivalents

$

546,164

$

546,164

$

453,384

$

453,384

Marketable securities

$

107,919

$

107,919

$

60,850

$

60,850

Secured long-term debt, including current portion(1)

$

507,560

$

507,560

$

481,780

$

481,780

Unsecured long-term debt(1)

$

262,766

$

226,291

$

262,766

$

259,834

Schedule of estimated fair value of the financial instruments that are measured at fair value on a recurring basis

    

Fair Value Measurements as of June 30, 2025

    

Total

    

(Level I)

    

(Level II)

    

(Level III)

(in thousands of $)

Marketable securities

$

107,919

$

107,919

$

$

Fair Value Measurements as of December 31, 2024

    

Total

    

(Level I)

    

(Level II)

    

(Level III)

 

(in thousands of $)

Marketable securities

$

60,850

$

60,850

$

$

Schedule of estimated fair value of the financial instruments, categorized based upon the fair value hierarchy

Fair Value Measurements as of June 30, 2025

    

Total

    

(Level I)

    

 (Level II)

    

(Level III)

(in thousands of $)

Cash and cash equivalents

$

546,164

$

546,164

$

$

Secured long-term debt, including current portion(1)

$

507,560

$

$

507,560

$

Unsecured long-term debt(1)

$

226,291

$

226,291

$

$

Fair Value Measurements as of December 31, 2024

    

Total

    

(Level I)

    

(Level II)

    

(Level III)

(in thousands of $)

Cash and cash equivalents

$

453,384

$

453,384

$

$

Secured long-term debt, including current portion(1)

$

481,780

$

$

481,780

$

Unsecured long-term debt(1)

$

259,834

$

259,834

$

$

(1)Secured and unsecured long-term debt, including current portion is presented gross of deferred finance costs of $9.1 million and $9.8 million as of June 30, 2025 and December 31, 2024, respectively. The fair value of the Company’s secured debt is estimated based on currently available debt with similar contract terms, interest rate and remaining maturities.