Tsakos Energy Navigation (Tsakos Energy Navigation) Debt-to-Equity

: 0.99 (As of Sep. 2023)

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Tsakos Energy Navigation's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.0 Mil. Tsakos Energy Navigation's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1,559.6 Mil. Tsakos Energy Navigation's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $1,575.9 Mil. Tsakos Energy Navigation's debt to equity for the quarter that ended in Sep. 2023 was 0.99.

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 Tsakos Energy Navigation's Debt-to-Equity or its related term are showing as below:

TNP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.96 Med: 1.1 Max: 1.4
Current: 0.99

During the past 13 years, the highest Debt-to-Equity Ratio of Tsakos Energy Navigation was 1.40. The lowest was 0.96. And the median was 1.10.

TNP's Debt-to-Equity is ranked worse than
74.52% of 832 companies
in the Oil & Gas industry
Industry Median: 0.44 vs TNP: 0.99

Tsakos Energy Navigation Debt-to-Equity Historical Data

The historical data trend for Tsakos Energy Navigation'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.

Tsakos Energy Navigation Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

1.07

1.16

1.18

1.13

Tsakos Energy Navigation 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																1.09	1.13	0.96	1.00	0.99

Competitive Comparison

For the Oil & Gas Midstream subindustry, Tsakos Energy Navigation'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.

Tsakos Energy Navigation Debt-to-Equity Distribution

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

* The bar in red indicates where Tsakos Energy Navigation's Debt-to-Equity falls into.

Tsakos Energy Navigation Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tsakos Energy Navigation'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
	=	(251.847	+	1415.964)	/	1471.897
	=	1.13

Tsakos Energy Navigation'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	+	1559.61)	/	1575.852
	=	0.99

Tsakos Energy Navigation (NYSE:TNP) 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.

Tsakos Energy Navigation Debt-to-Equity 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 » Debt-to-Equity

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.