TGS ASA (OSL:TGS) Debt-to-EBITDA : 0.27 (As of Dec. 2023)

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What is TGS ASA Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

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 annualized EBITDA for the quarter that ended in Dec. 2023 was kr5,235 Mil. TGS ASA's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.27.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for TGS ASA's Debt-to-EBITDA or its related term are showing as below:

OSL:TGS' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.01 Med: 0.21 Max: 0.39
Current: 0.34

During the past 13 years, the highest Debt-to-EBITDA Ratio of TGS ASA was 0.39. The lowest was 0.01. And the median was 0.21.

OSL:TGS's Debt-to-EBITDA is ranked better than
83.82% of 717 companies
in the Oil & Gas industry
Industry Median: 1.73 vs OSL:TGS: 0.34

TGS ASA Debt-to-EBITDA Historical Data

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

* Premium members only.

TGS ASA Debt-to-EBITDA Chart

TGS ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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0.07

0.39

0.21

0.28

0.34

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-EBITDA	Get a 7-Day Free Trial															0.25	0.46	0.30	0.14	0.27

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

For the Oil & Gas Equipment & Services subindustry, TGS ASA's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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-EBITDA Distribution in the Oil & Gas Industry

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

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

TGS ASA Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

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

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(965.66	+	436.017)	/	4146.674
	=	0.34

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

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(965.66	+	436.017)	/	5234.948
	=	0.27

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Dec. 2023) EBITDA data.

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

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

TGS ASA Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of TGS ASA's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

TGS ASA (OSL:TGS) Business Description

Industry

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

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.