Torchlight Energy Resources (Torchlight Energy Resources) Tangible Book per Share : $0.38 (As of Mar. 2021)

Torchlight Energy Resources Tangible Book per Share Chart

Torchlight Energy Resources Annual Data
	Trend	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20
Tangible Book per Share		Get a 7-Day Free Trial					0.13	0.25	0.26	0.20	0.12

Torchlight Energy Resources Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Tangible Book per Share	Get a 7-Day Free Trial															0.18	0.17	0.16	0.12	0.38

Competitive Comparison of Torchlight Energy Resources's Tangible Book per Share

For the Oil & Gas E&P subindustry, Torchlight Energy Resources's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.

Torchlight Energy Resources's Price-to-Tangible-Book Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Torchlight Energy Resources's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Torchlight Energy Resources's Price-to-Tangible-Book falls into.

Torchlight Energy Resources Tangible Book per Share Calculation

Torchlight Energy Resources's Tangible Book Value Per Share for the fiscal year that ended in Dec. 2020 is calculated as

Torchlight Energy Resources's Tangible Book Value Per Share for the quarter that ended in Mar. 2021 is calculated as

* 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.

Theoretically it is what the shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets less total liabilities of the company. Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.

Torchlight Energy Resources  (NAS:TRCH) Tangible Book per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.

Torchlight Energy Resources Tangible Book per Share Related Terms

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Torchlight Energy Resources (Torchlight Energy Resources) Business Description