Western Energy Services Balance Sheet Health
Financial Health criteria checks 5/6
Western Energy Services has a total shareholder equity of CA$292.6M and total debt of CA$99.8M, which brings its debt-to-equity ratio to 34.1%. Its total assets and total liabilities are CA$429.6M and CA$137.0M respectively. Western Energy Services's EBIT is CA$2.3M making its interest coverage ratio 0.2. It has cash and short-term investments of CA$4.3M.
Key information
34.1%
Debt to equity ratio
CA$99.78m
Debt
| Interest coverage ratio | 0.2x |
| Cash | CA$4.28m |
| Equity | CA$292.65m |
| Total liabilities | CA$136.97m |
| Total assets | CA$429.62m |
Recent financial health updates
Is Western Energy Services (TSE:WRG) Using Too Much Debt?
Jul 18
Does Western Energy Services (TSE:WRG) Have A Healthy Balance Sheet?
Jun 27Western Energy Services (TSE:WRG) Has Debt But No Earnings; Should You Worry?
Dec 02Is Western Energy Services (TSE:WRG) Using Debt Sensibly?
Aug 04Western Energy Services (TSE:WRG) Has Debt But No Earnings; Should You Worry?
Dec 22Recent updates
Western Energy Services Corp.'s (TSE:WRG) Shareholders Might Be Looking For Exit
Sep 13Is Western Energy Services (TSE:WRG) Using Too Much Debt?
Jul 18Take Care Before Diving Into The Deep End On Western Energy Services Corp. (TSE:WRG)
Dec 22Western Energy Services (TSE:WRG) Shareholders Will Want The ROCE Trajectory To Continue
Nov 02Is There An Opportunity With Western Energy Services Corp.'s (TSE:WRG) 22% Undervaluation?
Oct 06Does Western Energy Services (TSE:WRG) Have A Healthy Balance Sheet?
Jun 27Statutory Earnings May Not Be The Best Way To Understand Western Energy Services' (TSE:WRG) True Position
Aug 02Estimating The Fair Value Of Western Energy Services Corp. (TSE:WRG)
May 30Estimating The Fair Value Of Western Energy Services Corp. (TSE:WRG)
Feb 11Western Energy Services (TSE:WRG) Has Debt But No Earnings; Should You Worry?
Dec 02Calculating The Intrinsic Value Of Western Energy Services Corp. (TSE:WRG)
Sep 28Is Western Energy Services (TSE:WRG) Using Debt Sensibly?
Aug 04Western Energy Services Corp.'s (TSE:WRG) CEO Might Not Expect Shareholders To Be So Generous This Year
Apr 21Western Energy Services (TSE:WRG) Has Debt But No Earnings; Should You Worry?
Dec 22Financial Position Analysis
Short Term Liabilities: WRG's short term assets (CA$47.7M) exceed its short term liabilities (CA$30.0M).
Long Term Liabilities: WRG's short term assets (CA$47.7M) do not cover its long term liabilities (CA$107.0M).
Debt to Equity History and Analysis
Debt Level: WRG's net debt to equity ratio (32.6%) is considered satisfactory.
Reducing Debt: WRG's debt to equity ratio has reduced from 70.1% to 34.1% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable WRG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: WRG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 1.2% per year.