TCEC (TransCoastal) Debt-to-Asset : 0.76 (As of Jun. 2015)

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What is TransCoastal Debt-to-Asset?

TransCoastal's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2015 was $17.44 Mil. TransCoastal's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2015 was $1.47 Mil. TransCoastal's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2015 was $24.96 Mil. TransCoastal's debt to asset for the quarter that ended in Jun. 2015 was 0.76.

TransCoastal Debt-to-Asset Historical Data

The historical data trend for TransCoastal'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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TransCoastal Debt-to-Asset Chart

TransCoastal Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Debt-to-Asset

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1.96

3.18

0.64

0.68

TransCoastal Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
Debt-to-Asset	Get a 7-Day Free Trial															0.69	0.69	0.68	0.69	0.76

Competitive Comparison of TransCoastal's Debt-to-Asset

For the Oil & Gas E&P subindustry, TransCoastal'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.

TransCoastal's Debt-to-Asset Distribution in the Oil & Gas Industry

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

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

TransCoastal Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

TransCoastal's Debt-to-Asset for the fiscal year that ended in Dec. 2014 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(15.829	+	1.477)	/	25.425
	=	0.68

TransCoastal's Debt-to-Asset for the quarter that ended in Jun. 2015 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(17.438	+	1.474)	/	24.96
	=	0.76

TransCoastal (GREY:TCEC) 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.

TransCoastal Debt-to-Asset Related Terms

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TransCoastal Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TransCoastal Corp (GREY:TCEC) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

4975 Voyager Drive, Dallas, TX, USA, 75237

Website

http://www.transcoastal.net

TransCoastal Corp is an oil and gas exploration and production company. It is engaged in the development of oil and gas reserves in the state of Texas. The company has acquired or divested over 100 wells in Texas and has over 200 undeveloped locations on over 6000 acres of leased oil and gas property located primarily in the panhandle area of west Texas.

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