TXGE (Texas Gulf Energy) LT-Debt-to-Total-Asset: 0.00 (As of Sep. 2014)


What is Texas Gulf Energy LT-Debt-to-Total-Asset?

Texas Gulf Energy TXGE LT-Debt-to-Total-Asset is 0.00 as of Sep. 2014.

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. Texas Gulf Energy's long-term debt to total assests ratio for the quarter that ended in Sep. 2014 was 0.00.

Texas Gulf Energy's long-term debt to total assets ratio declined from Sep. 2013 (0.15) to Sep. 2014 (0.00). It may suggest that Texas Gulf Energy is progressively becoming less dependent on debt to grow their business.

Texas Gulf Energy  (OTCPK:TXGE) 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.

Texas Gulf Energy LT-Debt-to-Total-Asset Related Terms

Texas Gulf Energy LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for Texas Gulf 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.

Texas Gulf Energy LT-Debt-to-Total-Asset Chart

Texas Gulf Energy Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial 0.00 0.00 0.00 0.12 0.15

Texas Gulf Energy Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
LT-Debt-to-Total-Asset 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 0.15 0.15 0.16 0.27 0.00

Texas Gulf Energy LT-Debt-to-Total-Asset Calculation

Texas Gulf Energy'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 )
=0.586/3.901
=0.15

Texas Gulf Energy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2014 is calculated as

LT Debt to Total Assets (Q: Sep. 2014 )=Long-Term Debt & Capital Lease Obligation (Q: Sep. 2014 )/Total Assets (Q: Sep. 2014 )
=0/0.997
=0.00

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.00 mean?
Texas Gulf Energy (TXGE) has a LT-Debt-to-Total-Asset of 0.00 as of Sep. 2014. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Texas Gulf Energy and its competitors.
Is Texas Gulf Energy's LT-Debt-to-Total-Asset too high?
Texas Gulf Energy's current LT-Debt-to-Total-Asset is 0.00.
How does Texas Gulf Energy's LT-Debt-to-Total-Asset compare to BMMCF and ESES?
Texas Gulf Energy's LT-Debt-to-Total-Asset of 0.00 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for an Oil & Gas company?
A good LT-Debt-to-Total-Asset depends on the Oil & Gas industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Texas Gulf Energy and its competitors. Texas Gulf Energy's current LT-Debt-to-Total-Asset is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Texas Gulf Energy stock overvalued right now?
Texas Gulf Energy (TXGE) has a current LT-Debt-to-Total-Asset of 0.00. The current LT-Debt-to-Total-Asset is 0.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Texas Gulf Energy (TXGE), the current LT-Debt-to-Total-Asset is 0.00 as of Sep. 2014. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Texas Gulf Energy Business Description

Industry EnergyOil & Gas
Address 1602 Old Underwood Road, La Porte, TX, USA, 77571
Texas Gulf Energy Inc is active in the oil and gas industry domain. It is engaged in providing construction, maintenance, turnaround management, professional services, project management services, and fabrication and field services. The company offers services to the refining, chemicals, liquefied natural gas, oil and gas, and midstream and upstream industries.