Tallgrass Energy (FRA:TGV) Total Assets : €23.98 Mil (As of Dec. 2012)

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What is Tallgrass Energy Total Assets?

Tallgrass Energy's Total Assets for the quarter that ended in Dec. 2012 was €23.98 Mil.

Total Assets is connected with ROA %. Tallgrass Energy's annualized ROA % for the quarter that ended in Dec. 2012 was -19.54%. Total Assets is also linked to Revenue through Asset Turnover. Tallgrass Energy's Asset Turnover for the quarter that ended in Dec. 2012 was 0.34.

Tallgrass Energy Total Assets Historical Data

The historical data trend for Tallgrass Energy's Total Assets 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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Tallgrass Energy Total Assets Chart

Tallgrass Energy Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Total Assets

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1.61

3.74

19.03

4.72

23.98

Tallgrass Energy Semi-Annual Data
	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12
Total Assets	Get a 7-Day Free Trial				1.61	3.74	19.03	4.72	23.98

Tallgrass Energy Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Tallgrass Energy's Total Assets for the fiscal year that ended in Dec. 2012 is calculated as

Total Assets	=	Total Equity (A: Dec. 2012 )	+	Total Liabilities (A: Dec. 2012 )
	=	3.067	+	20.909
	=	23.98

Tallgrass Energy's Total Assets for the quarter that ended in Dec. 2012 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2012 )	+	Total Liabilities (Q: Dec. 2012 )
	=	3.067	+	20.909
	=	23.98

Tallgrass Energy (FRA:TGV) Total Assets Explanation

Total Assets is connected with ROA %.

Tallgrass Energy's annualized ROA % for the quarter that ended in Dec. 2012 is

ROA %	=	Net Income (Q: Dec. 2012 )	/	( (Total Assets (Q: Dec. 2011 )	+	Total Assets (Q: Dec. 2012 ))	/ count )
	=	-2.803	/	( (4.717	+	23.976)	/ 2 )
	=	-2.803	/	14.3465
	=	-19.54 %

Note: The Net Income data used here is one times the annual (Dec. 2012) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Tallgrass Energy's Asset Turnover for the quarter that ended in Dec. 2012 is

	Asset Turnover
=	Revenue (Q: Dec. 2012 )	/	( (Total Assets (Q: Dec. 2011 )	+	Total Assets (Q: Dec. 2012 ))	/ count )
=	4.848	/	( (4.717	+	23.976)	/ 2 )
=	4.848	/	14.3465
=	0.34

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Tallgrass Energy Total Assets Related Terms

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Tallgrass Energy (FRA:TGV) Business Description

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http://www.tallgrassenergy.ca

Tallgrass Energy Corp was incorporated pursuant to the provisions of the Alberta Business Corporations Act on March 10, 2010. On December 31, 2012, the Company amalgamated with Anglo Canadian Oil Corp. The Company is engaged in the exploration, development and production of petroleum and natural gas in the Western Canadian Basin. The Company receives its revenue from the sale of oil, natural gas and natural gas liquids. Other revenue is derived from emulsion processing, treating, saltwater disposal fees charged to third parties as well as well operating fees and road use fees.

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