TGSGY (TGS ASA) LT-Debt-to-Total-Asset : 0.15 (As of Dec. 2024)

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What is TGS ASA 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. TGS ASA's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.15.

TGS ASA's long-term debt to total assets ratio increased from Dec. 2023 (0.02) to Dec. 2024 (0.15). It may suggest that TGS ASA is progressively becoming more dependent on debt to grow their business.

TGS ASA LT-Debt-to-Total-Asset Historical Data

The historical data trend for TGS ASA'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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TGS ASA LT-Debt-to-Total-Asset Chart

TGS ASA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.02

0.15

TGS ASA Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.06	0.05	0.18	0.15

TGS ASA LT-Debt-to-Total-Asset Calculation

TGS ASA's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	622.571	/	4037.784
	=	0.15

TGS ASA's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	622.571	/	4037.784
	=	0.15

TGS ASA (OTCPK:TGSGY) 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.

TGS ASA LT-Debt-to-Total-Asset Related Terms

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TGS ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TGS ASA (OTCPK:TGSGY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

TGSNF:USA TGSo:Sweden TGS:Norway TGSo:UK 0MSJ:UK TGC:Germany

Address

Askekroken 11, Oslo, NOR, 0277

Website

https://www.tgs.com

TGS ASA S provides data, intelligence, ocean bottom node (OBN) acquisition services, processing, analytics, cloud-based data applications, and other specialized services and solutions to energy companies across the energy spectrum, whether it is oil and gas, carbon capture and storage, or wind development. Its reportable segments are divided into six overall business units: Western Hemisphere (WH), Eastern Hemisphere (EH), Digital Energy Solutions (DES), Acquisition (ACQ), Imaging, and G&A. It generates the majority of its revenue from Western Hemisphere (WH).