TransGlobe Energy (TransGlobe Energy) LT-Debt-to-Total-Asset : 0.01 (As of Jun. 2022)

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What is TransGlobe Energy 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. TransGlobe Energy's long-term debt to total assests ratio for the quarter that ended in Jun. 2022 was 0.01.

TransGlobe Energy's long-term debt to total assets ratio declined from Jun. 2021 (0.03) to Jun. 2022 (0.01). It may suggest that TransGlobe Energy is progressively becoming less dependent on debt to grow their business.

TransGlobe Energy LT-Debt-to-Total-Asset Historical Data

The historical data trend for TransGlobe Energy'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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TransGlobe Energy LT-Debt-to-Total-Asset Chart

TransGlobe Energy Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

LT-Debt-to-Total-Asset

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0.21

0.16

0.12

0.04

0.01

TransGlobe Energy Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.03	0.01	0.01	0.01

TransGlobe Energy LT-Debt-to-Total-Asset Calculation

TransGlobe Energy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )	/	Total Assets (A: Dec. 2021 )
	=	3.076	/	239.095
	=	0.01

TransGlobe Energy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2022 is calculated as

LT Debt to Total Assets (Q: Jun. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2022 )	/	Total Assets (Q: Jun. 2022 )
	=	4.107	/	354.836
	=	0.01

TransGlobe Energy (NAS:TGA) 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.

TransGlobe Energy LT-Debt-to-Total-Asset Related Terms

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TransGlobe Energy (TransGlobe Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TransGlobe Energy Corp (NAS:TGA) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

444 - 5th Street SW, Suit 900, Calgary, AB, CAN, T2P 2T8

Website

http://www.trans-globe.com

TransGlobe Energy Corp and its subsidiaries are engaged in oil and natural gas exploration, development and production, and the acquisition of oil and natural gas properties in Egypt and Alberta, Canada. The company has two reportable segments namely, the Arab Republic of Egypt and Canada. The company holds 100% working interests in four Production Sharing Concessions in Egypt, namely, West Gharib Concession, North West Gharib Concession, West Bakr Concession and South Ghazalat Concession.