Tsakos Energy Navigation (Tsakos Energy Navigation) Total Assets : $3,364.1 Mil (As of Dec. 2023)

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What is Tsakos Energy Navigation Total Assets?

Tsakos Energy Navigation's Total Assets for the quarter that ended in Dec. 2023 was $3,364.1 Mil.

During the past 12 months, Tsakos Energy Navigation's average Total Assets Growth Rate was -0.40% per year. During the past 3 years, the average Total Assets Growth Rate was 0.50% per year. During the past 5 years, the average Total Assets Growth Rate was -0.10% per year. During the past 10 years, the average Total Assets Growth Rate was 1.90% per year.

During the past 13 years, Tsakos Energy Navigation's highest 3-Year average Total Assets Growth Rate was 38.40%. The lowest was -2.50%. And the median was 4.45%.

Total Assets is connected with ROA %. Tsakos Energy Navigation's annualized ROA % for the quarter that ended in Dec. 2023 was 3.78%. Total Assets is also linked to Revenue through Asset Turnover. Tsakos Energy Navigation's Asset Turnover for the quarter that ended in Dec. 2023 was 0.07.

Tsakos Energy Navigation Total Assets Historical Data

The historical data trend for Tsakos Energy Navigation's Total 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 Total Assets Chart

Tsakos Energy Navigation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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3,154.10

3,112.28

2,894.81

3,308.58

3,364.09

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
Total Assets	Get a 7-Day Free Trial															3,308.58	3,423.62	3,449.36	3,359.17	3,364.09

Tsakos Energy Navigation Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Tsakos Energy Navigation's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	1652.647	+	1711.443
	=	3,364.1

Tsakos Energy Navigation's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	1652.647	+	1711.443
	=	3,364.1

Tsakos Energy Navigation (NYSE:TNP) Total Assets Explanation

Total Assets is connected with ROA %.

Tsakos Energy Navigation's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	127.048	/	( (3359.169	+	3364.09)	/ 2 )
	=	127.048	/	3361.6295
	=	3.78 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Tsakos Energy Navigation's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	220.241	/	( (3359.169	+	3364.09)	/ 2 )
=	220.241	/	3361.6295
=	0.07

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Tsakos Energy Navigation Total 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 » Total Assets

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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.