Tethys Oil AB (Tethys Oil AB) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Tethys Oil AB Debt-to-Equity?

Tethys Oil AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.0 Mil. Tethys Oil AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.0 Mil. Tethys Oil AB's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $260.3 Mil. Tethys Oil AB's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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 Tethys Oil AB's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Tethys Oil AB was 0.04. The lowest was 0.00. And the median was 0.00.

TTHYF's Debt-to-Equity is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.44
* Ranked among companies with meaningful Debt-to-Equity only.

Tethys Oil AB Debt-to-Equity Historical Data

The historical data trend for Tethys Oil AB'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.

Tethys Oil AB Debt-to-Equity Chart

Tethys Oil AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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Tethys Oil AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
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Competitive Comparison of Tethys Oil AB's Debt-to-Equity

For the Oil & Gas E&P subindustry, Tethys Oil AB'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.

Tethys Oil AB's Debt-to-Equity Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Tethys Oil AB's Debt-to-Equity falls into.

Tethys Oil AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tethys Oil AB'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
	=	(0	+	0)	/	258.3
	=	0.00

Tethys Oil AB's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(0	+	0)	/	260.3
	=	0.00

Tethys Oil AB (OTCPK:TTHYF) 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.

Tethys Oil AB Debt-to-Equity Related Terms

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Tethys Oil AB (Tethys Oil AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tethys Oil AB (OTCPK:TTHYF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TETY:Sweden TZB0:Germany

Address

Hovslagargatan 5B, 1 tr, Stockholm, SWE, SE-111 48

Website

https://www.tethysoil.com

Tethys Oil AB is a Sweden-based energy company. The company is focused on oil and gas exploration and production onshore areas with known discoveries. Its core area of focus is the Sultanate of Oman, where the company holds license interests in three onshore blocks Blocks 3 and 4, Block 49, Block 56, and Block 58. . Tethys Oil has licenses in three countries namely Oman, Lithuania, and France. The majority of its revenue is generated through its operations in Oman.

Tethys Oil AB (Tethys Oil AB) Headlines

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