Tethys Petroleum (Tethys Petroleum) Debt-to-Equity

: 0.00 (As of Sep. 2023)

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Tethys Petroleum's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Tethys Petroleum's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Tethys Petroleum's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $43.32 Mil. Tethys Petroleum's debt to equity for the quarter that ended in Sep. 2023 was 0.00.

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 Tethys Petroleum's Debt-to-Equity or its related term are showing as below:

TETHF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.25 Max: 0.85
Current: 0.06

During the past 13 years, the highest Debt-to-Equity Ratio of Tethys Petroleum was 0.85. The lowest was 0.03. And the median was 0.25.

TETHF's Debt-to-Equity is ranked better than
88.92% of 830 companies
in the Oil & Gas industry
Industry Median: 0.435 vs TETHF: 0.06

Tethys Petroleum Debt-to-Equity Historical Data

The historical data trend for Tethys Petroleum'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.

Tethys Petroleum Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.60

0.85

0.22

0.29

0.07

Tethys Petroleum 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															0.11	0.07	0.08	-	-

Competitive Comparison

For the Oil & Gas E&P subindustry, Tethys Petroleum'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.

Tethys Petroleum Debt-to-Equity Distribution

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

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

Tethys Petroleum Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tethys Petroleum'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
	=	(2.51	+	0)	/	35.116
	=	0.07

Tethys Petroleum'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	+	0)	/	43.321
	=	0.00

Tethys Petroleum (OTCPK:TETHF) 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.

Tethys Petroleum Debt-to-Equity Related Terms

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Tethys Petroleum (Tethys Petroleum) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

TPL:Canada

Address

190 Elgin Avenue, George Town, Grand Cayman, CYM, KY1-9005

Website

https://www.tethys-group.com

Tethys Petroleum Ltd is engaged in the acquisition of and exploration and development of crude oil and natural gas field. The company currently operated in Kazakhstan and others. Its projects include Kyzyloi Production Contract; Akkulka Exploration Contract and Kul-Bas Block.

Tethys Petroleum (Tethys Petroleum) Headlines

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