Trican Well Service Balance Sheet Health
Financial Health criteria checks 6/6
Trican Well Service has a total shareholder equity of CA$484.7M and total debt of CA$8.2M, which brings its debt-to-equity ratio to 1.7%. Its total assets and total liabilities are CA$633.2M and CA$148.5M respectively. Trican Well Service's EBIT is CA$146.4M making its interest coverage ratio 59.3. It has cash and short-term investments of CA$3.0M.
Key information
1.7%
Debt to equity ratio
CA$8.15m
Debt
| Interest coverage ratio | 59.3x |
| Cash | CA$3.02m |
| Equity | CA$484.74m |
| Total liabilities | CA$148.50m |
| Total assets | CA$633.24m |
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 (TSE:TCW) Is Due To Pay A Dividend Of CA$0.045
Nov 03Calculating The Fair Value Of Trican Well Service Ltd. (TSE:TCW)
Sep 07Trican Well Service Ltd. Just Recorded A 85% EPS Beat: Here's What Analysts Are Forecasting Next
Aug 01Returns on Capital Paint A Bright Future For Trican Well Service (TSE:TCW)
Jun 11Trican Well Service's (TSE:TCW) Dividend Will Be CA$0.045
May 21Trican 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 02Financial Position Analysis
Short Term Liabilities: TCW's short term assets (CA$220.6M) exceed its short term liabilities (CA$84.2M).
Long Term Liabilities: TCW's short term assets (CA$220.6M) exceed its long term liabilities (CA$64.3M).
Debt to Equity History and Analysis
Debt Level: TCW's net debt to equity ratio (1.1%) is considered satisfactory.
Reducing Debt: TCW's debt to equity ratio has reduced from 4.7% to 1.7% over the past 5 years.
Debt Coverage: TCW's debt is well covered by operating cash flow (1896.2%).
Interest Coverage: TCW's interest payments on its debt are well covered by EBIT (59.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/21 22:08 |
| End of Day Share Price | 2025/01/21 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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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
Trican Well Service Ltd. is covered by 30 analysts. 8 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 |
|---|---|
| Waqar Syed | ATB Capital Markets |
| Tim Monachello | ATB Capital Markets |
| James West | Barclays |