Tenaz Energy (TSX:TNZ) Total Assets : C$237.64 Mil (As of Mar. 2024)

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What is Tenaz Energy Total Assets?

Tenaz Energy's Total Assets for the quarter that ended in Mar. 2024 was C$237.64 Mil.

During the past 12 months, Tenaz Energy's average Total Assets Growth Rate was 28.70% per year. During the past 3 years, the average Total Assets Growth Rate was 76.20% per year. During the past 5 years, the average Total Assets Growth Rate was 35.30% per year. During the past 10 years, the average Total Assets Growth Rate was 26.00% per year.

During the past 13 years, Tenaz Energy's highest 3-Year average Total Assets Growth Rate was 386.60%. The lowest was -12.20%. And the median was 40.05%.

Total Assets is connected with ROA %. Tenaz Energy's annualized ROA % for the quarter that ended in Mar. 2024 was -0.94%. Total Assets is also linked to Revenue through Asset Turnover. Tenaz Energy's Asset Turnover for the quarter that ended in Mar. 2024 was 0.08.

Tenaz Energy Total Assets Historical Data

The historical data trend for Tenaz 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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Tenaz Energy Total Assets Chart

Tenaz Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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51.77

34.44

75.40

194.74

238.72

Tenaz Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															178.76	174.51	260.18	238.72	237.64

Tenaz 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.

Tenaz Energy's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	96.353	+	142.362
	=	238.72

Tenaz Energy's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	95.8	+	141.843
	=	237.64

Tenaz Energy (TSX:TNZ) Total Assets Explanation

Total Assets is connected with ROA %.

Tenaz Energy's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-2.228	/	( (238.715	+	237.643)	/ 2 )
	=	-2.228	/	238.179
	=	-0.94 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) 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.

Tenaz Energy's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	17.886	/	( (238.715	+	237.643)	/ 2 )
=	17.886	/	238.179
=	0.08

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.

Tenaz Energy Total Assets Related Terms

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Tenaz Energy (TSX:TNZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tenaz Energy Corp (TSX:TNZ) » Definitions » Total Assets

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ATUUF:USA 7F4:Germany

Address

605 - 5th Avenue South West, Suite 2500, Calgary, AB, CAN, T2P 3H5

Website

https://www.tenazenergy.com

Tenaz Energy Corp is engaged as an energy company focused on the acquisition and sustainable development of international oil and gas assets capable of returning free cash flow to shareholders. It has two operating segments Canadian business unit and the Netherlands business unit, and it derives revenue from the sale of petroleum and natural gas products such as heavy crude oil, light crude and medium crude oil, natural gas, and natural gas liquids of which key revenue is derived from the sale of heavy crude oil.

Executives

Bradley Bennett

Senior Officer

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