Trinidad Drilling (Trinidad Drilling) Debt-to-Equity : 0.65 (As of Sep. 2018)

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What is Trinidad Drilling Debt-to-Equity?

Trinidad Drilling's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2018 was $0.0 Mil. Trinidad Drilling's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2018 was $380.6 Mil. Trinidad Drilling's Total Stockholders Equity for the quarter that ended in Sep. 2018 was $590.3 Mil. Trinidad Drilling's debt to equity for the quarter that ended in Sep. 2018 was 0.64.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Trinidad Drilling's Debt-to-Equity or its related term are showing as below:

TDGCF's Debt-to-Equity is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.44
* Ranked among companies with meaningful Debt-to-Equity only.

Trinidad Drilling Debt-to-Equity Historical Data

The historical data trend for Trinidad Drilling's Debt-to-Equity 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.

Trinidad Drilling Debt-to-Equity Chart

Trinidad Drilling Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Debt-to-Equity

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0.42

0.47

0.54

0.49

0.41

Trinidad Drilling Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Debt-to-Equity	Get a 7-Day Free Trial															0.38	0.41	0.44	0.38	0.65

Competitive Comparison of Trinidad Drilling's Debt-to-Equity

For the Oil & Gas Drilling subindustry, Trinidad Drilling's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Trinidad Drilling's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Trinidad Drilling's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Trinidad Drilling's Debt-to-Equity falls into.

Trinidad Drilling Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Trinidad Drilling's Debt to Equity Ratio for the fiscal year that ended in Dec. 2017 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	400.716)	/	989.418
	=	0.41

Trinidad Drilling's Debt to Equity Ratio for the quarter that ended in Sep. 2018 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	380.619)	/	590.252
	=	0.64

Trinidad Drilling (OTCPK:TDGCF) Debt-to-Equity Explanation

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

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Trinidad Drilling Debt-to-Equity Related Terms

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

Trinidad Drilling (Trinidad Drilling) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Trinidad Drilling Ltd (OTCPK:TDGCF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.trinidaddrilling.com

Trinidad Drilling Ltd is a Canadian company which is engaged in providing drilling services to the oil and natural gas industry. The company's operating segments are Canadian operations which include land drilling services; US and international operations which include land and barge drilling services located in both the US and international markets, excluding all joint venture operations; Joint venture operations which include all international joint venture operations; and Manufacturing operations include manufacturing work performed in each of the Canadian and US manufacturing divisions. The majority of the company's revenue comes from oilfield services.

Trinidad Drilling (Trinidad Drilling) Headlines

From GuruFocus

Trinidad Drilling Ltd. Shows Progress on Strategic Review with Sale of Saudi Arabian Rigs

By GlobeNewswire GlobeNewswire • 04-12-2018