Tamar Petroleum (XTAE:TMRP) Debt-to-Equity

: 1.91 (As of Dec. 2023)

View and export this data going back to 2017. Start your Free Trial

Tamar Petroleum's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪201 Mil. Tamar Petroleum's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪2,648 Mil. Tamar Petroleum's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₪1,488 Mil. Tamar Petroleum's debt to equity for the quarter that ended in Dec. 2023 was 1.91.

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

XTAE:TMRP' s Debt-to-Equity Range Over the Past 10 Years
Min: -6.22 Med: 2.47 Max: 8.09
Current: 1.91

During the past 10 years, the highest Debt-to-Equity Ratio of Tamar Petroleum was 8.09. The lowest was -6.22. And the median was 2.47.

XTAE:TMRP's Debt-to-Equity is ranked worse than
88.37% of 834 companies
in the Oil & Gas industry
Industry Median: 0.44 vs XTAE:TMRP: 1.91

Tamar Petroleum Debt-to-Equity Historical Data

The historical data trend for Tamar 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.

Tamar Petroleum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

4.59

2.97

2.47

2.22

1.91

Tamar Petroleum Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																2.22	2.14	2.08	1.98	1.91

Competitive Comparison

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

Tamar Petroleum Debt-to-Equity Distribution

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

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

Tamar Petroleum Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tamar Petroleum'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
	=	(200.63	+	2648.097)	/	1487.979
	=	1.91

Tamar Petroleum'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
	=	(200.63	+	2648.097)	/	1487.979
	=	1.91

Tamar Petroleum (XTAE:TMRP) 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.

Tamar Petroleum Debt-to-Equity Related Terms

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

Tamar Petroleum (XTAE:TMRP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tamar Petroleum Ltd (XTAE:TMRP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 Galgalei Haplada Street, Herzliya Pituach, Herzeliya, ISR, 4672211

Website

https://www.tamarpetroleum.co.il

Tamar Petroleum Ltd is an Israel based company engaged in the production, and sale of natural gas. It has interest rights in the Tamar and Dalit reservoirs located in the west of Haifa. The company's only operating segment is exploration, development, production, and sale of natural gas.

Tamar Petroleum (XTAE:TMRP) Headlines

No Headlines