Tamar Petroleum (XTAE:TMRP) Debt-to-Asset : 0.62 (As of Dec. 2023)

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What is Tamar Petroleum Debt-to-Asset?

Tamar Petroleum's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪194 Mil. Tamar Petroleum's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪2,560 Mil. Tamar Petroleum's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was ₪4,476 Mil. Tamar Petroleum's debt to asset for the quarter that ended in Dec. 2023 was 0.62.

Tamar Petroleum Debt-to-Asset Historical Data

The historical data trend for Tamar Petroleum'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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Tamar Petroleum Debt-to-Asset Chart

Tamar Petroleum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.78

0.71

0.67

0.64

0.62

Tamar Petroleum 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															0.64	0.63	0.62	0.63	0.62

Competitive Comparison of Tamar Petroleum's Debt-to-Asset

For the Oil & Gas E&P subindustry, Tamar Petroleum'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.

Tamar Petroleum's Debt-to-Asset Distribution in the Oil & Gas Industry

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

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

Tamar Petroleum Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Tamar Petroleum'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
	=	(193.95	+	2559.934)	/	4475.915
	=	0.62

Tamar Petroleum'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
	=	(193.95	+	2559.934)	/	4475.915
	=	0.62

Tamar Petroleum (XTAE:TMRP) 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.

Tamar Petroleum Debt-to-Asset Related Terms

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Tamar Petroleum (XTAE:TMRP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tamar Petroleum Ltd (XTAE:TMRP) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 Galgalei Haplada Street, Herzliya Pituach, Herzeliya, ISR, 4672211

Website

https://www.tamarpetroleum.co.il

Tamar Petroleum Ltd is an Israel based company engaged in the production, and sale of natural gas. It has interest rights in the Tamar and Dalit reservoirs located in the west of Haifa. The company's only operating segment is exploration, development, production, and sale of natural gas.

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