TAG Oil (TAG Oil) Debt-to-Asset : 0.01 (As of Sep. 2023)

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What is TAG Oil Debt-to-Asset?

TAG Oil's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.15 Mil. TAG Oil's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.19 Mil. TAG Oil's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2023 was $39.44 Mil. TAG Oil's debt to asset for the quarter that ended in Sep. 2023 was 0.01.

TAG Oil Debt-to-Asset Historical Data

The historical data trend for TAG 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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TAG Oil Debt-to-Asset Chart

TAG Oil Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Asset

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0.01

0.03

0.01

TAG Oil Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Asset	Get a 7-Day Free Trial															0.03	0.01	0.01	0.01	0.01

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

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

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

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

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

TAG Oil Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

TAG Oil's Debt-to-Asset for the fiscal year that ended in Mar. 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
	=	(0.113	+	0.222)	/	30.006
	=	0.01

TAG Oil's Debt-to-Asset for the quarter that ended in Sep. 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
	=	(0.152	+	0.185)	/	39.443
	=	0.01

TAG Oil (OTCPK:TAOIF) 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.

TAG Oil Debt-to-Asset Related Terms

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TAG Oil (TAG Oil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TAG Oil Ltd (OTCPK:TAOIF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

T0P:Germany TAO:Canada

Address

1710 - 1050 West Pender Street, Suite 2040, Vancouver, BC, CAN, V6E 3S7

Website

https://www.tagoil.com

TAG Oil Ltd is a Canada-based oil and gas exploration, development, and production company. It operates through three geographical segments namely Canada, New Zealand, and Australia. Geographically, the firm generates a majority of its revenue from New Zealand.