Calfrac Well Services Ltd.

TSX:CFW Stock Report

Market Cap: CA$363.5m

Calfrac Well Services Balance Sheet Health

Financial Health criteria checks 5/6

Calfrac Well Services has a total shareholder equity of CA$623.7M and total debt of CA$314.9M, which brings its debt-to-equity ratio to 50.5%. Its total assets and total liabilities are CA$1.2B and CA$542.6M respectively. Calfrac Well Services's EBIT is CA$144.8M making its interest coverage ratio 5.3. It has cash and short-term investments of CA$58.2M.

Key information

50.5%

Debt to equity ratio

CA$314.95m

Debt

Interest coverage ratio5.3x
CashCA$58.24m
EquityCA$623.74m
Total liabilitiesCA$542.62m
Total assetsCA$1.17b

Recent financial health updates

Recent updates

Here's Why We Think Calfrac Well Services (TSE:CFW) Is Well Worth Watching

May 01
Here's Why We Think Calfrac Well Services (TSE:CFW) Is Well Worth Watching

Calfrac Well Services (TSE:CFW) Seems To Use Debt Quite Sensibly

Mar 15
Calfrac Well Services (TSE:CFW) Seems To Use Debt Quite Sensibly

Investors Holding Back On Calfrac Well Services Ltd. (TSE:CFW)

Jan 25
Investors Holding Back On Calfrac Well Services Ltd. (TSE:CFW)

Returns On Capital Are A Standout For Calfrac Well Services (TSE:CFW)

Nov 11
Returns On Capital Are A Standout For Calfrac Well Services (TSE:CFW)

Is Calfrac Well Services Ltd. (TSE:CFW) Trading At A 42% Discount?

Aug 17
Is Calfrac Well Services Ltd. (TSE:CFW) Trading At A 42% Discount?

Does Calfrac Well Services (TSE:CFW) Have A Healthy Balance Sheet?

May 11
Does Calfrac Well Services (TSE:CFW) Have A Healthy Balance Sheet?

Why Calfrac Well Services' (TSE:CFW) Shaky Earnings Are Just The Beginning Of Its Problems

Nov 09
Why Calfrac Well Services' (TSE:CFW) Shaky Earnings Are Just The Beginning Of Its Problems

Financial Position Analysis

Short Term Liabilities: CFW's short term assets (CA$469.9M) exceed its short term liabilities (CA$182.6M).

Long Term Liabilities: CFW's short term assets (CA$469.9M) exceed its long term liabilities (CA$360.0M).


Debt to Equity History and Analysis

Debt Level: CFW's net debt to equity ratio (41.2%) is considered high.

Reducing Debt: CFW's debt to equity ratio has reduced from 197.7% to 50.5% over the past 5 years.

Debt Coverage: CFW's debt is well covered by operating cash flow (77.6%).

Interest Coverage: CFW's interest payments on its debt are well covered by EBIT (5.3x coverage).


Balance Sheet


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