High Arctic Energy Services Balance Sheet Health
Financial Health criteria checks 5/6
High Arctic Energy Services has a total shareholder equity of CA$23.1M and total debt of CA$3.4M, which brings its debt-to-equity ratio to 14.7%. Its total assets and total liabilities are CA$33.0M and CA$9.9M respectively. High Arctic Energy Services's EBIT is CA$2.8M making its interest coverage ratio -2. It has cash and short-term investments of CA$4.1M.
Key information
14.7%
Debt to equity ratio
CA$3.40m
Debt
| Interest coverage ratio | -2x |
| Cash | CA$4.11m |
| Equity | CA$23.08m |
| Total liabilities | CA$9.89m |
| Total assets | CA$32.98m |
Recent financial health updates
These 4 Measures Indicate That High Arctic Energy Services (TSE:HWO) Is Using Debt Safely
May 22
High Arctic Energy Services (TSE:HWO) Is In A Good Position To Deliver On Growth Plans
Dec 02Is High Arctic Energy Services (TSE:HWO) Using Debt Sensibly?
Mar 07Recent updates
Investors Give High Arctic Energy Services Inc (TSE:HWO) Shares A 45% Hiding
Jul 19These 4 Measures Indicate That High Arctic Energy Services (TSE:HWO) Is Using Debt Safely
May 22Investors Still Waiting For A Pull Back In High Arctic Energy Services Inc (TSE:HWO)
Apr 09High Arctic Energy Services' (TSE:HWO) Dividend Will Be CA$0.005
Aug 29High Arctic Energy Services (TSE:HWO) Has Announced A Dividend Of CA$0.005
Jul 27High Arctic Energy Services (TSE:HWO) Has Announced A Dividend Of CA$0.005
Jun 27High Arctic Energy Services (TSE:HWO) Is Due To Pay A Dividend Of CA$0.005
May 25High Arctic Energy Services (TSE:HWO) Is In A Good Position To Deliver On Growth Plans
Dec 02Calculating The Fair Value Of High Arctic Energy Services Inc (TSE:HWO)
Sep 29Is High Arctic Energy Services (TSE:HWO) Using Debt Sensibly?
Mar 07High Arctic Energy Services' (TSE:HWO) Shareholders Are Down 68% On Their Shares
Jan 11
Financial Position Analysis
Short Term Liabilities: HWO's short term assets (CA$8.4M) exceed its short term liabilities (CA$3.4M).
Long Term Liabilities: HWO's short term assets (CA$8.4M) exceed its long term liabilities (CA$6.5M).
Debt to Equity History and Analysis
Debt Level: HWO has more cash than its total debt.
Reducing Debt: HWO's debt to equity ratio has increased from 0% to 14.7% over the past 5 years.
Debt Coverage: HWO's debt is well covered by operating cash flow (634.1%).
Interest Coverage: HWO earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/05 17:01 |
| End of Day Share Price | 2025/01/02 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
High Arctic Energy Services Inc is covered by 7 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Tim Monachello | ATB Capital Markets |
| Jason Zhang | Cormark Securities Inc. |
| Elias Foscolos | iA Capital Markets |