Tuscany International Drilling, (FRA:TS1) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2014)

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What is Tuscany International Drilling, LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Tuscany International Drilling,'s long-term debt to total assests ratio for the quarter that ended in Mar. 2014 was 0.00.

Tuscany International Drilling,'s long-term debt to total assets ratio declined from Mar. 2013 (0.26) to Mar. 2014 (0.00). It may suggest that Tuscany International Drilling, is progressively becoming less dependent on debt to grow their business.

Tuscany International Drilling, LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tuscany International Drilling,'s LT-Debt-to-Total-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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Tuscany International Drilling, LT-Debt-to-Total-Asset Chart

Tuscany International Drilling, Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

LT-Debt-to-Total-Asset

0.26

0.27

0.28

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
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.26	0.24	-	-	-

Tuscany International Drilling, LT-Debt-to-Total-Asset Calculation

Tuscany International Drilling,'s Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2013 is calculated as

LT Debt to Total Assets (A: Dec. 2013 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2013 )	/	Total Assets (A: Dec. 2013 )
	=	0	/	271.632
	=	0.00

Tuscany International Drilling,'s Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2014 is calculated as

LT Debt to Total Assets (Q: Mar. 2014 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2014 )	/	Total Assets (Q: Mar. 2014 )
	=	0	/	252.888
	=	0.00

Tuscany International Drilling, (FRA:TS1) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Tuscany International Drilling, LT-Debt-to-Total-Asset Related Terms

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Tuscany International Drilling, (FRA:TS1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tuscany International Drilling, Inc. (FRA:TS1) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.tuscanydrilling.com

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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