Tsakos Energy Navigation (Tsakos Energy Navigation) Scaled Net Operating Assets : 0.86 (As of Dec. 2023)

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What is Tsakos Energy Navigation Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Tsakos Energy Navigation's operating assets for the quarter that ended in Dec. 2023 was $2,992.1 Mil. Tsakos Energy Navigation's operating liabilities for the quarter that ended in Dec. 2023 was $109.7 Mil. Tsakos Energy Navigation's Total Assets for the quarter that ended in Sep. 2023 was $3,359.2 Mil. Therefore, Tsakos Energy Navigation's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.86.

Tsakos Energy Navigation Scaled Net Operating Assets Historical Data

The historical data trend for Tsakos Energy Navigation's Scaled Net Operating Assets 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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Tsakos Energy Navigation Scaled Net Operating Assets Chart

Tsakos Energy Navigation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.89

0.88

0.85

1.00

0.87

Tsakos Energy Navigation Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.93	0.83	0.79	0.81	0.86

Competitive Comparison of Tsakos Energy Navigation's Scaled Net Operating Assets

For the Oil & Gas Midstream subindustry, Tsakos Energy Navigation's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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.

Tsakos Energy Navigation's Scaled Net Operating Assets Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tsakos Energy Navigation's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Tsakos Energy Navigation's Scaled Net Operating Assets falls into.

Tsakos Energy Navigation Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Tsakos Energy Navigation's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(2992.058	-	109.654)	/	3308.575
=	0.87

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	3364.09	-	372.032
=	2992.058

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1711.443	-	1387.717	-	214.072
=	109.654

Tsakos Energy Navigation's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(2992.058	-	109.654)	/	3359.169
=	0.86

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	3364.09	-	372.032
=	2992.058

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1711.443	-	1387.717	-	214.072
=	109.654

Tsakos Energy Navigation Scaled Net Operating Assets Related Terms

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Tsakos Energy Navigation (Tsakos Energy Navigation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tsakos Energy Navigation Ltd (NYSE:TNP) » Definitions » Scaled Net Operating Assets

Comparable Companies

NGL TK PBT OSG EE NVGS SMLP BROG GEL DLNG TSX:ENB EPD ET WMB OKE MPLX TSX:TRP KMI LNG TRGP

Traded in Other Exchanges

TNPpF.PFD:USA TNPpE.PFD:USA TK41:Germany

Address

367 Syngrou Avenue, Ktirio Macedonia, P.O Box 79141, Palaio Faliro, Athens, GRC, 175 64

Website

https://www.tenn.gr

Tsakos Energy Navigation Ltd is a seaborne transportation service provider for crude oil and petroleum products. The company's carriers cater to national and international independent oil companies and refiners. It generates revenue through charter contracts with its clients, which include time, bareboat, and voyage charters, contracts of affreightment, and pool arrangements.