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Tuscany International Drilling, (FRA:TS1) Liabilities-to-Assets : 0.79 (As of Mar. 2014)


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What is Tuscany International Drilling, Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Tuscany International Drilling,'s Total Liabilities for the quarter that ended in Mar. 2014 was €198.8 Mil. Tuscany International Drilling,'s Total Assets for the quarter that ended in Mar. 2014 was €252.9 Mil. Therefore, Tuscany International Drilling,'s Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2014 was 0.79.


Tuscany International Drilling, Liabilities-to-Assets Historical Data

The historical data trend for Tuscany International Drilling,'s Liabilities-to-Assets 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.

Tuscany International Drilling, Liabilities-to-Assets Chart

Tuscany International Drilling, Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13
Liabilities-to-Assets
0.11 0.33 0.44 0.49 0.78

Tuscany International Drilling, Quarterly Data
Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14
Liabilities-to-Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.50 0.51 0.63 0.78 0.79

Competitive Comparison of Tuscany International Drilling,'s Liabilities-to-Assets

For the Oil & Gas Equipment & Services subindustry, Tuscany International Drilling,'s Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.


Tuscany International Drilling,'s Liabilities-to-Assets Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tuscany International Drilling,'s Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Tuscany International Drilling,'s Liabilities-to-Assets falls into.



Tuscany International Drilling, Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Tuscany International Drilling,'s Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2013 is calculated as:

Liabilities-to-Assets (A: Dec. 2013 )=Total Liabilities/Total Assets
=212.373/271.632
=0.78

Tuscany International Drilling,'s Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2014 is calculated as

Liabilities-to-Assets (Q: Mar. 2014 )=Total Liabilities/Total Assets
=198.803/252.888
=0.79

* 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.


Tuscany International Drilling,  (FRA:TS1) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.


Tuscany International Drilling, Liabilities-to-Assets Related Terms

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Tuscany International Drilling, (FRA:TS1) Business Description

Traded in Other Exchanges
N/A
Address
Tuscany International Drilling Inc was incorporated on April 6, 2004, pursuant to the provisions of the Business Corporations Act Alberta. The company is a Canadian-based oilfield services company; offering drilling, completion and workover services to the oil and natural gas industry, in South America. It is comprised of 26 owned drilling and workover rigs. It competes directly with various international and local companies in each region in which it operate.

Tuscany International Drilling, (FRA:TS1) Headlines

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