Tethys Oil AB
Tethys Oil AB (publ) explores for and produces oil and natural gas properties in the Sultanate of Oman. It holds 100% interests in the Block 49 covering approximately 15,439 square kilometers; 30% interest in the Blocks 3&4 covering approximately 29,130 square kilometers; 65% interest in the Block 56 covering approximately 5,808 square kilometers; and 100% interest in the Block 58 covering approx… Read more
Tethys Oil AB (TETY) - Total Assets
Latest total assets as of September 2024: Skr311.10 Million SEK
Based on the latest financial reports, Tethys Oil AB (TETY) holds total assets worth Skr311.10 Million SEK as of September 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.
Tethys Oil AB - Total Assets Trend (2003–2023)
This chart illustrates how Tethys Oil AB’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Tethys Oil AB - Asset Composition Analysis
Current Asset Composition (December 2023)
Tethys Oil AB's total assets of Skr311.10 Million consist of 15.8% current assets and 84.2% non-current assets.
| Asset Category | Amount (SEK) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Skr0.00 | 8.9% |
| Accounts Receivable | Skr10.30 Million | 3.5% |
| Inventory | Skr1.00 | 0.0% |
| Property, Plant & Equipment | Skr0.00 | 0.0% |
| Intangible Assets | Skr0.00 | 0.0% |
| Goodwill | Skr0.00 | 0.0% |
Asset Composition Trend (2003–2023)
This chart illustrates how Tethys Oil AB'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: Tethys Oil AB's current assets represent 15.8% of total assets in 2023, an increase from 0.0% in 2003.
- Cash Position: Cash and equivalents constituted 8.9% of total assets in 2023, down from 26.8% in 2003.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2003.
- Asset Diversification: The largest asset category is accounts receivable at 3.5% of total assets.
Tethys Oil AB Competitors by Total Assets
Key competitors of Tethys Oil AB 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 |
Tethys Oil AB - 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 - Tethys Oil AB generates 0.47x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Tethys Oil AB is currently not profitable relative to its asset base.
Tethys Oil AB - 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 | 1.99 | 1.83 | 6.81 |
| Quick Ratio | 1.99 | 1.83 | 7.74 |
| Cash Ratio | 0.00 | 1.02 | 0.00 |
| Working Capital | Skr20.10 Million | Skr 22.60 Million | Skr 75.00 Million |
Tethys Oil AB - Advanced Valuation Insights
This section examines the relationship between Tethys Oil AB'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 | 0.62 |
| Latest Market Cap to Assets Ratio | 0.44 |
| Asset Growth Rate (YoY) | -7.9% |
| Total Assets | Skr291.10 Million |
| Market Capitalization | $127.55 Million USD |
Valuation Analysis
Below Book Valuation: The market values Tethys Oil AB's assets below their book value (0.44 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Tethys Oil AB's assets decreased by 7.9% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Tethys Oil AB (2003–2023)
The table below shows the annual total assets of Tethys Oil AB from 2003 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | Skr291.10 Million | -7.88% |
| 2022-12-31 | Skr316.00 Million | +11.07% |
| 2021-12-31 | Skr284.50 Million | +1.50% |
| 2020-12-31 | Skr280.30 Million | -6.63% |
| 2019-12-31 | Skr300.20 Million | +3.02% |
| 2018-12-31 | Skr291.40 Million | +19.08% |
| 2017-12-31 | Skr244.70 Million | +2.43% |
| 2016-12-31 | Skr238.90 Million | -7.17% |
| 2015-12-31 | Skr257.35 Million | +10.07% |
| 2014-12-31 | Skr233.81 Million | -4.05% |
| 2013-12-31 | Skr243.67 Million | +15.42% |
| 2012-12-31 | Skr211.11 Million | +212.52% |
| 2011-12-31 | Skr67.55 Million | +18.87% |
| 2010-12-31 | Skr56.83 Million | +82.60% |
| 2009-12-31 | Skr31.12 Million | +36.14% |
| 2008-12-31 | Skr22.86 Million | -78.35% |
| 2007-12-31 | Skr105.59 Million | -11.26% |
| 2006-12-31 | Skr118.98 Million | +116.99% |
| 2005-12-31 | Skr54.83 Million | -20.65% |
| 2004-12-31 | Skr69.10 Million | +1569.53% |
| 2003-12-31 | Skr4.14 Million | -- |