Tullow Oil (LSE:TLW) Debt-to-Equity : -8.32 (As of Dec. 2023)

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What is Tullow Oil Debt-to-Equity?

Tullow Oil's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £226 Mil. Tullow Oil's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £2,137 Mil. Tullow Oil's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £-284 Mil. Tullow Oil's debt to equity for the quarter that ended in Dec. 2023 was -8.32.

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

LSE:TLW' s Debt-to-Equity Range Over the Past 10 Years
Min: -20.89 Med: 1.11 Max: 4.57
Current: -8.32

During the past 13 years, the highest Debt-to-Equity Ratio of Tullow Oil was 4.57. The lowest was -20.89. And the median was 1.11.

LSE:TLW's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.44 vs LSE:TLW: -8.32

Tullow Oil Debt-to-Equity Historical Data

The historical data trend for Tullow 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.

Tullow Oil Debt-to-Equity Chart

Tullow Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

4.57

-20.89

-8.01

-7.52

-8.32

Tullow Oil Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-8.01	-6.12	-7.52	-13.53	-8.32

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

For the Oil & Gas E&P subindustry, Tullow 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.

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

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

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

Tullow Oil Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tullow Oil's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(225.703	+	2137.424)	/	-283.926
	=	-8.32

Tullow Oil's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(225.703	+	2137.424)	/	-283.926
	=	-8.32

Tullow Oil (LSE:TLW) 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.

Tullow Oil Debt-to-Equity Related Terms

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

Tullow Oil (LSE:TLW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tullow Oil PLC (LSE:TLW) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TUWOY:USA TUWLF:USA TLW:Ghana TLWl:UK TQW:Germany

Address

566 Chiswick High Road, Building 9 Chiswick Park, London, GBR, W4 5XT

Website

https://www.tullowoil.com

Tullow Oil PLC is an independent oil and gas exploration and production company. The company conducts exploration, appraisal, and development activities in African and Atlantic regions. The majority of revenue is derived from West African assets, with a focus in offshore fields. Assets used in oil and gas production are acquired through licenses. Tullow depends on seismic and geophysical data to assess potential oil in its fields. The Group's reportable segment are Ghana, Non-operated, Kenya and Exploration. Traditionally, the company has paid the host government several taxes as well as land rentals, training, and ongoing license costs to operate in its primary regions.

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