Tourmaline Oil (Tourmaline Oil) Debt-to-Asset : 0.06 (As of Dec. 2023)

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What is Tourmaline Oil Debt-to-Asset?

Tourmaline Oil's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4 Mil. Tourmaline Oil's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $835 Mil. Tourmaline Oil's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $14,980 Mil. Tourmaline Oil's debt to asset for the quarter that ended in Dec. 2023 was 0.06.

Tourmaline Oil Debt-to-Asset Historical Data

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

Tourmaline Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.15

0.06

0.03

0.06

Tourmaline Oil Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.03	0.03	0.03	0.03	0.06

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

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

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

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

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

Tourmaline Oil Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Tourmaline 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
	=	(4.32	+	835.38)	/	14980.154
	=	0.06

Tourmaline 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
	=	(4.32	+	835.38)	/	14980.154
	=	0.06

Tourmaline Oil (OTCPK:TRMLF) 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.

Tourmaline Oil Debt-to-Asset Related Terms

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Tourmaline Oil (Tourmaline Oil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tourmaline Oil Corp (OTCPK:TRMLF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

TOU:Mexico 08T:Germany TOU:Canada

Address

250 - 6th Avenue S.W., Suite 2900, Calgary, AB, CAN, T2P 3H7

Website

https://www.tourmalineoil.com

Tourmaline Oil Corp is a Canadian energy company engaged in natural gas and crude oil acquisition, exploration, development, and production in the Western Canada Sedimentary Basin. It includes the Alberta Deep Basin, the Northeast British Columbia Montney, and the Peace River Triassic Oil complex.

Tourmaline Oil (Tourmaline Oil) Headlines

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