TGSNF (TGS ASA) Debt-to-Equity : 0.42 (As of Sep. 2024)

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What is TGS ASA Debt-to-Equity?

TGS ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $146 Mil. TGS ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $728 Mil. TGS ASA's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $2,071 Mil. TGS ASA's debt to equity for the quarter that ended in Sep. 2024 was 0.42.

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 TGS ASA's Debt-to-Equity or its related term are showing as below:

TGSNF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.42
Current: 0.42

During the past 13 years, the highest Debt-to-Equity Ratio of TGS ASA was 0.42. The lowest was 0.00. And the median was 0.03.

TGSNF's Debt-to-Equity is ranked better than
53.34% of 823 companies
in the Oil & Gas industry
Industry Median: 0.47 vs TGSNF: 0.42

TGS ASA Debt-to-Equity Historical Data

The historical data trend for TGS ASA'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.

TGS ASA Debt-to-Equity Chart

TGS ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

0.08

0.12

0.10

TGS ASA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.05	0.10	0.16	0.14	0.42

Competitive Comparison of TGS ASA's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, TGS ASA'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.

TGS ASA's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

TGS ASA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TGS ASA'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
	=	(91.537	+	41.331)	/	1275.108
	=	0.10

TGS ASA's Debt to Equity Ratio for the quarter that ended in Sep. 2024 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
	=	(145.832	+	727.911)	/	2070.522
	=	0.42

TGS ASA (OTCPK:TGSNF) 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.

TGS ASA Debt-to-Equity Related Terms

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TGS ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TGS ASA (OTCPK:TGSNF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TGSGY:USA TGSo:Sweden TGS:Norway TGSo:UK 0MSJ:UK TGC:Germany

Address

Askekroken 11, Oslo, NOR, 0277

Website

https://www.tgs.com

TGS ASA S provides data, intelligence, ocean bottom node (OBN) acquisition services, processing, analytics, cloud-based data applications, and other specialized services and solutions to energy companies across the energy spectrum, whether it is oil and gas, carbon capture and storage, or wind development. Its reportable segments are divided into six overall business units: Western Hemisphere (WH), Eastern Hemisphere (EH), Digital Energy Solutions (DES), Acquisition (ACQ), Imaging, and G&A. It generates the majority of its revenue from Western Hemisphere (WH).