Trinity Exploration & Production (STU:3BE) Debt-to-Equity : 0.05 (As of Jun. 2023)

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What is Trinity Exploration & Production Debt-to-Equity?

Trinity Exploration & Production's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €2.21 Mil. Trinity Exploration & Production's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €0.22 Mil. Trinity Exploration & Production's Total Stockholders Equity for the quarter that ended in Jun. 2023 was €52.14 Mil. Trinity Exploration & Production's debt to equity for the quarter that ended in Jun. 2023 was 0.05.

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 Trinity Exploration & Production's Debt-to-Equity or its related term are showing as below:

STU:3BE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.07 Max: 0.88
Current: 0.05

During the past 13 years, the highest Debt-to-Equity Ratio of Trinity Exploration & Production was 0.88. The lowest was 0.03. And the median was 0.07.

STU:3BE's Debt-to-Equity is ranked better than
89.88% of 830 companies
in the Oil & Gas industry
Industry Median: 0.45 vs STU:3BE: 0.05

Trinity Exploration & Production Debt-to-Equity Historical Data

The historical data trend for Trinity Exploration & Production'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.

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Trinity Exploration & Production Debt-to-Equity Chart

Trinity Exploration & Production Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.03

0.08

0.06

0.07

Trinity Exploration & Production Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															0.07	0.06	0.06	0.07	0.05

Competitive Comparison of Trinity Exploration & Production's Debt-to-Equity

For the Oil & Gas E&P subindustry, Trinity Exploration & Production'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.

Trinity Exploration & Production's Debt-to-Equity Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Trinity Exploration & Production's Debt-to-Equity falls into.

Trinity Exploration & Production Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Trinity Exploration & Production's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(3.1	+	0.322)	/	52.988
	=	0.06

Trinity Exploration & Production's Debt to Equity Ratio for the quarter that ended in Jun. 2023 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
	=	(2.21	+	0.221)	/	52.14
	=	0.05

Trinity Exploration & Production (STU:3BE) 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.

Trinity Exploration & Production Debt-to-Equity Related Terms

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Trinity Exploration & Production (STU:3BE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Trinity Exploration & Production PLC (STU:3BE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TRXEF:USA TRIN.GB:UK TRIN:UK

Address

C/o Pinsent Masons LLP, 1 Park Row, Leeds, GBR, LS1 5AB

Website

https://www.trinityexploration.com

Trinity Exploration & Production PLC is an independent exploration and production company. Its activities include the exploration, development, production, and sale of crude oil. The company operates a portfolio of producing and development assets both onshore and offshore in the shallow waters off the West and East Coasts of Trinidad. It operates through one operating segment being exploration and development, production and extraction of hydrocarbons.

Trinity Exploration & Production (STU:3BE) Headlines

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