TAG Oil (TAG Oil) Debt-to-Equity : 0.01 (As of Sep. 2023)

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What is TAG Oil Debt-to-Equity?

TAG Oil's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.15 Mil. TAG Oil's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.19 Mil. TAG Oil's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $37.02 Mil. TAG Oil's debt to equity for the quarter that ended in Sep. 2023 was 0.01.

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 TAG Oil's Debt-to-Equity or its related term are showing as below:

TAOIF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.03
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of TAG Oil was 0.03. The lowest was 0.00. And the median was 0.01.

TAOIF's Debt-to-Equity is ranked better than
99.88% of 831 companies
in the Oil & Gas industry
Industry Median: 0.44 vs TAOIF: 0.01

TAG Oil Debt-to-Equity Historical Data

The historical data trend for TAG Oil'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.

TAG Oil Debt-to-Equity Chart

TAG Oil Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.02

0.01

0.03

0.01

TAG Oil Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.03	0.01	0.01	0.01	0.01

Competitive Comparison of TAG Oil's Debt-to-Equity

For the Oil & Gas E&P subindustry, TAG Oil'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.

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

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

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

TAG Oil Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TAG Oil's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(0.113	+	0.222)	/	28.511
	=	0.01

TAG Oil's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0.152	+	0.185)	/	37.02
	=	0.01

TAG Oil (OTCPK:TAOIF) 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.

TAG Oil Debt-to-Equity Related Terms

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

TAG Oil (TAG Oil) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

T0P:Germany TAO:Canada

Address

1710 - 1050 West Pender Street, Suite 2040, Vancouver, BC, CAN, V6E 3S7

Website

https://www.tagoil.com

TAG Oil Ltd is a Canada-based oil and gas exploration, development, and production company. It operates through three geographical segments namely Canada, New Zealand, and Australia. Geographically, the firm generates a majority of its revenue from New Zealand.