TGS ASA (OSL:TGS) Debt-to-Asset : 0.07 (As of Dec. 2023)

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What is TGS ASA Debt-to-Asset?

TGS ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr966 Mil. TGS ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr436 Mil. TGS ASA's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was kr20,639 Mil. TGS ASA's debt to asset for the quarter that ended in Dec. 2023 was 0.07.

TGS ASA Debt-to-Asset Historical Data

The historical data trend for TGS ASA's Debt-to-Asset 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.

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TGS ASA Debt-to-Asset Chart

TGS ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.02

0.05

0.08

0.07

TGS ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.08	0.06	0.06	0.03	0.07

Competitive Comparison of TGS ASA's Debt-to-Asset

For the Oil & Gas Equipment & Services subindustry, TGS ASA's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

TGS ASA's Debt-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, TGS ASA's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where TGS ASA's Debt-to-Asset falls into.

TGS ASA Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

TGS ASA's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(965.66	+	436.017)	/	20638.994
	=	0.07

TGS ASA's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(965.66	+	436.017)	/	20638.994
	=	0.07

TGS ASA (OSL:TGS) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

TGS ASA Debt-to-Asset Related Terms

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TGS ASA (OSL:TGS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TGS ASA (OSL:TGS) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

TGSGY:USA TGSo:Sweden 0MSJ:UK TGC:Germany

Address

Askekroken 11, Oslo, NOR, 0277

Website

https://www.tgs.com

TGS ASA provides geoscientific data products and services to the oil and gas industry to assist with licensing rounds and the preparation of regional data programs. It invests in multiclient data projects in frontier, emerging, and mature markets worldwide to develop a library of seismic imaging, well data, and interpretive products and services. Reportable segments are Western Hemisphere, Eastern Hemisphere, Digital Energy Solutions, Data Acquisition and Others. The company offers interpretation studies and services that integrate seismic, well logs, biostratigraphic data, core data and other geoscientific data to create basin-wide regional frameworks. TGS' geoscientists also contract consulting work in geology, geophysics, and petrophysics. Majority revenue comes from Latin America.