Trinity Exploration & Production plc
Trinity Exploration & Production plc, an independent oil company, engages in the exploration, development, and production of crude oil in Trinidad & Tobago. The company holds 100% working interest on onshore assets located in the Southern Basin and Central Range; and east and west coast assets located in the Columbus Basin and Gulf of Paria. It also operates producing wells onshore. Trinity Explo… Read more
Trinity Exploration & Production plc (TRXEF) - Total Assets
Latest total assets as of June 2024: $112.14 Million USD
Based on the latest financial reports, Trinity Exploration & Production plc (TRXEF) holds total assets worth $112.14 Million USD as of June 2024.
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.
Trinity Exploration & Production plc - Total Assets Trend (2008–2023)
This chart illustrates how Trinity Exploration & Production plc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Trinity Exploration & Production plc - Asset Composition Analysis
Current Asset Composition (December 2023)
Trinity Exploration & Production plc's total assets of $112.14 Million consist of 22.7% current assets and 77.3% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 8.6% |
| Accounts Receivable | $4.37 Million | 3.8% |
| Inventory | $3.92 Million | 3.4% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $1.16 Million | 1.0% |
| Goodwill | $29.74 Million | 26.1% |
Asset Composition Trend (2008–2023)
This chart illustrates how Trinity Exploration & Production plc'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: Trinity Exploration & Production plc's current assets represent 22.7% of total assets in 2023, a decrease from 99.7% in 2008.
- Cash Position: Cash and equivalents constituted 8.6% of total assets in 2023, down from 99.4% in 2008.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 27.0% of total assets, an increase from 0.0% in 2008.
- Asset Diversification: The largest asset category is goodwill at 26.1% of total assets.
Trinity Exploration & Production plc Competitors by Total Assets
Key competitors of Trinity Exploration & Production plc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Bounty Oil & Gas NL
PINK:BYOGF
|
USA | $8.51 Million |
|
Shanxi Blue Flame Holding Co Ltd
SHE:000968
|
China | CN¥11.13 Billion |
|
Oriental Energy Co Ltd
SHE:002221
|
China | CN¥40.74 Billion |
|
P/F Atlantic Petroleum
CO:ATLA-DKK
|
Denmark | Dkr7.35 Million |
|
East West Minerals Ltd.
F:37A0
|
Germany | €4.02 Million |
|
Hibiscus Petroleum BHD
KLSE:5199
|
Malaysia | RM7.43 Billion |
|
Reach Energy Bhd
KLSE:5256
|
Malaysia | RM861.30 Million |
|
Geo-Jade Petroleum Corp
SHG:600759
|
China | CN¥12.56 Billion |
Trinity Exploration & Production plc - 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
Moderate asset utilization - Trinity Exploration & Production plc generates 0.61x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Trinity Exploration & Production plc is currently not profitable relative to its asset base.
Trinity Exploration & Production plc - 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 | 1.88 | 1.70 | 2.86 |
| Quick Ratio | 1.58 | 1.37 | 2.40 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $11.77 Million | $ 10.80 Million | $ 21.20 Million |
Trinity Exploration & Production plc - Advanced Valuation Insights
This section examines the relationship between Trinity Exploration & Production plc'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 | 0.41 |
| Latest Market Cap to Assets Ratio | 0.06 |
| Asset Growth Rate (YoY) | -8.2% |
| Total Assets | $114.12 Million |
| Market Capitalization | $7.24 Million USD |
Valuation Analysis
Below Book Valuation: The market values Trinity Exploration & Production plc's assets below their book value (0.06 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Trinity Exploration & Production plc's assets decreased by 8.2% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Trinity Exploration & Production plc (2008–2023)
The table below shows the annual total assets of Trinity Exploration & Production plc from 2008 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $114.12 Million | -8.23% |
| 2022-12-31 | $124.36 Million | -4.18% |
| 2021-12-31 | $129.78 Million | +19.21% |
| 2020-12-31 | $108.87 Million | -2.28% |
| 2019-12-31 | $111.41 Million | -3.83% |
| 2018-12-31 | $115.84 Million | +10.50% |
| 2017-12-31 | $104.84 Million | -3.34% |
| 2016-12-31 | $108.46 Million | -15.79% |
| 2015-12-31 | $128.79 Million | -37.83% |
| 2014-12-31 | $207.16 Million | -44.87% |
| 2013-12-31 | $375.79 Million | +167.20% |
| 2012-12-31 | $140.64 Million | +3.20% |
| 2011-12-31 | $136.28 Million | +188.22% |
| 2010-12-31 | $47.28 Million | +31.12% |
| 2009-12-31 | $36.06 Million | +46.85% |
| 2008-12-31 | $24.56 Million | -- |