Trinidad Drilling (TSX:TDG) Total Assets : C$1,369.0 Mil (As of Sep. 2018)

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What is Trinidad Drilling Total Assets?

Trinidad Drilling's Total Assets for the quarter that ended in Sep. 2018 was C$1,369.0 Mil.

Total Assets is connected with ROA %. Trinidad Drilling's annualized ROA % for the quarter that ended in Sep. 2018 was -120.73%. Total Assets is also linked to Revenue through Asset Turnover. Trinidad Drilling's Asset Turnover for the quarter that ended in Sep. 2018 was 0.11.

Trinidad Drilling Total Assets Historical Data

The historical data trend for Trinidad Drilling'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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Trinidad Drilling Total Assets Chart

Trinidad Drilling Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Total Assets

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1,827.50

1,941.62

2,236.20

1,982.08

1,903.77

Trinidad Drilling Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Total Assets	Get a 7-Day Free Trial															1,901.21	1,903.77	1,927.28	1,849.93	1,368.96

Trinidad Drilling 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.

Trinidad Drilling's Total Assets for the fiscal year that ended in Dec. 2017 is calculated as

Total Assets	=	Total Equity (A: Dec. 2017 )	+	Total Liabilities (A: Dec. 2017 )
	=	1272.251	+	631.522
	=	1,903.8

Trinidad Drilling's Total Assets for the quarter that ended in Sep. 2018 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2018 )	+	Total Liabilities (Q: Sep. 2018 )
	=	769.334	+	599.624
	=	1,369.0

Trinidad Drilling (TSX:TDG) Total Assets Explanation

Total Assets is connected with ROA %.

Trinidad Drilling's annualized ROA % for the quarter that ended in Sep. 2018 is

ROA %	=	Net Income (Q: Sep. 2018 )	/	( (Total Assets (Q: Jun. 2018 )	+	Total Assets (Q: Sep. 2018 ))	/ count )
	=	-1943.016	/	( (1849.933	+	1368.958)	/ 2 )
	=	-1943.016	/	1609.4455
	=	-120.73 %

Note: The Net Income data used here is four times the quarterly (Sep. 2018) 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.

Trinidad Drilling's Asset Turnover for the quarter that ended in Sep. 2018 is

	Asset Turnover
=	Revenue (Q: Sep. 2018 )	/	( (Total Assets (Q: Jun. 2018 )	+	Total Assets (Q: Sep. 2018 ))	/ count )
=	174.792	/	( (1849.933	+	1368.958)	/ 2 )
=	174.792	/	1609.4455
=	0.11

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.

Trinidad Drilling Total Assets Related Terms

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Trinidad Drilling (TSX:TDG) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Trinidad Drilling Ltd (TSX:TDG) » Definitions » Total Assets

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Address

Website

http://www.trinidaddrilling.com

Trinidad Drilling Ltd is a Canadian company which is engaged in providing drilling services to the oil and natural gas industry. The company's operating segments are Canadian operations which include land drilling services; US and international operations which include land and barge drilling services located in both the US and international markets, excluding all joint venture operations; Joint venture operations which include all international joint venture operations; and Manufacturing operations include manufacturing work performed in each of the Canadian and US manufacturing divisions. The majority of the company's revenue comes from oilfield services.