TGS ASA
TGS ASA provides geoscience data services to the oil and gas industry in Norway and internationally. The company offers geophysical data, such as multi-client seismic data; geological data comprising well data products, and interpretive studies and services; and interpretation products and data integration solutions. It also provides imaging services, which include 2D and 3D seismic imaging solut… Read more
TGS ASA (TGSNF) - Total Assets
Latest total assets as of June 2025: $3.87 Billion USD
Based on the latest financial reports, TGS ASA (TGSNF) holds total assets worth $3.87 Billion USD as of June 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
TGS ASA - Total Assets Trend (2002–2024)
This chart illustrates how TGS ASA’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
TGS ASA - Asset Composition Analysis
Current Asset Composition (December 2024)
TGS ASA's total assets of $3.87 Billion consist of 20.5% current assets and 79.5% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 3.0% |
| Accounts Receivable | $301.39 Million | 7.5% |
| Inventory | $42.77 Million | 1.1% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $1.36 Billion | 33.6% |
| Goodwill | $560.07 Million | 13.9% |
Asset Composition Trend (2002–2024)
This chart illustrates how TGS ASA's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: TGS ASA's current assets represent 20.5% of total assets in 2024, a decrease from 86.9% in 2002.
- Cash Position: Cash and equivalents constituted 3.0% of total assets in 2024, down from 7.9% in 2002.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 46.0% of total assets, an increase from 7.0% in 2002.
- Asset Diversification: The largest asset category is intangible assets at 33.6% of total assets.
TGS ASA Competitors by Total Assets
Key competitors of TGS ASA based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Xinjiang Zhundong Petroleum
SHE:002207
|
China | CN¥399.19 Million |
|
Yantai Jereh Oilfield Services Group Co Ltd
SHE:002353
|
China | CN¥38.08 Billion |
|
China Oil HBP Science & Technology Co Ltd
SHE:002554
|
China | CN¥5.76 Billion |
|
Zhejiang Renzhi Co Ltd
SHE:002629
|
China | CN¥269.97 Million |
|
Reservoir Link Energy Bhd
KLSE:0219
|
Malaysia | RM215.28 Million |
|
Ocean Vantage Holdings Bhd
KLSE:0220
|
Malaysia | RM108.28 Million |
|
Aker Solutions OL
F:1AKA
|
Germany | €38.35 Billion |
|
Prime Oil Chemical Service Corp
TW:2904
|
Taiwan | NT$1.82 Billion |
TGS ASA - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - TGS ASA generates 0.33x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, TGS ASA generates $ 2.33 in net profit.
TGS ASA - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.64 | 0.72 | 0.71 |
| Quick Ratio | 0.64 | 0.71 | 0.71 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-400.50 Million | $ -180.02 Million | $ -214.27 Million |
TGS ASA - Advanced Valuation Insights
This section examines the relationship between TGS ASA's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.91 |
| Latest Market Cap to Assets Ratio | 0.39 |
| Asset Growth Rate (YoY) | 107.0% |
| Total Assets | $4.04 Billion |
| Market Capitalization | $1.58 Billion USD |
Valuation Analysis
Below Book Valuation: The market values TGS ASA's assets below their book value (0.39 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: TGS ASA's assets grew by 107.0% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for TGS ASA (2002–2024)
The table below shows the annual total assets of TGS ASA from 2002 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $4.04 Billion | +107.00% |
| 2023-12-31 | $1.95 Billion | +6.08% |
| 2022-12-31 | $1.84 Billion | +12.83% |
| 2021-12-31 | $1.63 Billion | -19.13% |
| 2020-12-31 | $2.02 Billion | -8.18% |
| 2019-12-31 | $2.19 Billion | +35.12% |
| 2018-12-31 | $1.62 Billion | +14.07% |
| 2017-12-31 | $1.42 Billion | -3.55% |
| 2016-12-31 | $1.48 Billion | +1.47% |
| 2015-12-31 | $1.46 Billion | -17.67% |
| 2014-12-31 | $1.77 Billion | +1.81% |
| 2013-12-31 | $1.74 Billion | +4.55% |
| 2012-12-31 | $1.66 Billion | +24.57% |
| 2011-12-31 | $1.33 Billion | +9.55% |
| 2010-12-31 | $1.22 Billion | +6.35% |
| 2009-12-31 | $1.14 Billion | +19.91% |
| 2008-12-31 | $954.32 Million | +11.92% |
| 2007-12-31 | $852.64 Million | +26.09% |
| 2006-12-31 | $676.23 Million | +45.51% |
| 2005-12-31 | $464.74 Million | +34.57% |
| 2004-12-31 | $345.34 Million | +38.29% |
| 2003-12-31 | $249.72 Million | +9.16% |
| 2002-12-31 | $228.75 Million | -- |