Tullow Oil (STU:TQW) Debt-to-Asset : 0.67 (As of Dec. 2023)

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What is Tullow Oil Debt-to-Asset?

Tullow Oil's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €262 Mil. Tullow Oil's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €2,481 Mil. Tullow Oil's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was €4,089 Mil. Tullow Oil's debt to asset for the quarter that ended in Dec. 2023 was 0.67.

Tullow Oil Debt-to-Asset Historical Data

The historical data trend for Tullow Oil's Debt-to-Asset 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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Tullow Oil Debt-to-Asset Chart

Tullow Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.54

0.67

0.69

0.67

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-Asset	Get a 7-Day Free Trial															0.67	0.60	0.69	0.64	0.67

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

For the Oil & Gas E&P subindustry, Tullow Oil's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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-Asset Distribution in the Oil & Gas Industry

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

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

Tullow Oil Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Tullow Oil's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(261.987	+	2481.035)	/	4088.536
	=	0.67

Tullow Oil's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(261.987	+	2481.035)	/	4088.536
	=	0.67

Tullow Oil (STU:TQW) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Tullow Oil Debt-to-Asset Related Terms

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

Tullow Oil (STU:TQW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tullow Oil PLC (STU:TQW) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

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

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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