Trican Well Service Balance Sheet Health
Financial Health criteria checks 6/6
Trican Well Service has a total shareholder equity of CA$517.1M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$710.4M and CA$193.4M respectively. Trican Well Service's EBIT is CA$160.6M making its interest coverage ratio 62.1. It has cash and short-term investments of CA$88.8M.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | 62.1x |
| Cash | CA$88.75m |
| Equity | CA$517.07m |
| Total liabilities | CA$193.38m |
| Total assets | CA$710.44m |
Recent financial health updates
These 4 Measures Indicate That Trican Well Service (TSE:TCW) Is Using Debt Reasonably Well
Sep 23
We Think Trican Well Service (TSE:TCW) Can Stay On Top Of Its Debt
Jun 17Recent updates
Trican Well Service's (TSE:TCW) Dividend Will Be Increased To CA$0.045
Mar 01If EPS Growth Is Important To You, Trican Well Service (TSE:TCW) Presents An Opportunity
Feb 03Shareholders Would Enjoy A Repeat Of Trican Well Service's (TSE:TCW) Recent Growth In Returns
Nov 10Trican Well Service Ltd. (TSE:TCW) Shares Could Be 49% Below Their Intrinsic Value Estimate
Sep 16Trican Well Service (TSE:TCW) Is Achieving High Returns On Its Capital
Aug 04The Return Trends At Trican Well Service (TSE:TCW) Look Promising
Mar 19Trican Well Service Ltd. (TSE:TCW) Shares Could Be 30% Below Their Intrinsic Value Estimate
Dec 08These 4 Measures Indicate That Trican Well Service (TSE:TCW) Is Using Debt Reasonably Well
Sep 23Trican Well Service (TSE:TCW) Is Doing The Right Things To Multiply Its Share Price
Jul 10We Think Trican Well Service (TSE:TCW) Can Stay On Top Of Its Debt
Jun 17Robust Earnings May Not Tell The Whole Story For Trican Well Service (TSE:TCW)
Mar 02When Will Trican Well Service Ltd. (TSE:TCW) Turn A Profit?
May 12Trican Well Service (TSE:TCW) Shareholders Have Enjoyed An Impressive 113% Share Price Gain
Mar 02A Look At The Fair Value Of Trican Well Service Ltd. (TSE:TCW)
Jan 01
Financial Position Analysis
Short Term Liabilities: TCW's short term assets (CA$297.6M) exceed its short term liabilities (CA$144.4M).
Long Term Liabilities: TCW's short term assets (CA$297.6M) exceed its long term liabilities (CA$48.9M).
Debt to Equity History and Analysis
Debt Level: TCW is debt free.
Reducing Debt: TCW has no debt compared to 5 years ago when its debt to equity ratio was 4.6%.
Debt Coverage: TCW has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TCW has no debt, therefore coverage of interest payments is not a concern.