CWC Energy Services Balance Sheet Health

Financial Health criteria checks 5/6

CWC Energy Services has a total shareholder equity of CA$212.3M and total debt of CA$39.9M, which brings its debt-to-equity ratio to 18.8%. Its total assets and total liabilities are CA$286.7M and CA$74.4M respectively. CWC Energy Services's EBIT is CA$28.0M making its interest coverage ratio 9.9. It has cash and short-term investments of CA$375.0K.

Key information

18.8%

Debt to equity ratio

CA$39.90m

Debt

Interest coverage ratio	9.9x
Cash	CA$375.00k
Equity	CA$212.30m
Total liabilities	CA$74.39m
Total assets	CA$286.69m

Recent financial health updates

Recent updates

Investors Will Want CWC Energy Services' (CVE:CWC) Growth In ROCE To Persist

Aug 17

We Think CWC Energy Services (CVE:CWC) Can Stay On Top Of Its Debt

Jun 28

Returns On Capital Are Showing Encouraging Signs At CWC Energy Services (CVE:CWC)

May 03

Is CWC Energy Services (CVE:CWC) Using Too Much Debt?

Jun 28

CWC Energy Services' (CVE:CWC) Earnings Are Of Questionable Quality

Mar 09

Here's Why CWC Energy Services (CVE:CWC) Can Afford Some Debt

Mar 03

Is CWC Energy Services (CVE:CWC) A Risky Investment?

Oct 19

A Look At The Fair Value Of CWC Energy Services Corp. (CVE:CWC)

Sep 15

Is CWC Energy Services (CVE:CWC) Using Too Much Debt?

Jul 16

It Looks Like CWC Energy Services Corp.'s (CVE:CWC) CEO May Expect Their Salary To Be Put Under The Microscope

Jun 10

Here's Why CWC Energy Services (CVE:CWC) Can Afford Some Debt

Feb 25

CWC Energy Services' (CVE:CWC) Stock Price Has Reduced 32% In The Past Three Years

Jan 21

Don't Ignore The Fact That This Insider Just Sold Some Shares In CWC Energy Services Corp. (CVE:CWC)

Dec 11

Financial Position Analysis

Short Term Liabilities: CWC's short term assets (CA$33.1M) exceed its short term liabilities (CA$13.1M).

Long Term Liabilities: CWC's short term assets (CA$33.1M) do not cover its long term liabilities (CA$61.3M).

Debt to Equity History and Analysis

Debt Level: CWC's net debt to equity ratio (18.6%) is considered satisfactory.

Reducing Debt: CWC's debt to equity ratio has reduced from 19.6% to 18.8% over the past 5 years.

Debt Coverage: CWC's debt is well covered by operating cash flow (114.2%).

Interest Coverage: CWC's interest payments on its debt are well covered by EBIT (9.9x coverage).

CWC Energy Services Balance Sheet Health

Financial Health criteria checks 5/6

Key information

Recent financial health updates

We Think CWC Energy Services (CVE:CWC) Can Stay On Top Of Its Debt

Is CWC Energy Services (CVE:CWC) Using Too Much Debt?

Here's Why CWC Energy Services (CVE:CWC) Can Afford Some Debt

Is CWC Energy Services (CVE:CWC) A Risky Investment?

Is CWC Energy Services (CVE:CWC) Using Too Much Debt?

Here's Why CWC Energy Services (CVE:CWC) Can Afford Some Debt

Recent updates

Precision Drilling Corporation (TSX:PD) completed the acquisition of CWC Energy Services Corp. (TSXV:CWC) from BBU Alta Investments L.P., Brookfield BBP (CANADA) LP, Canada Pension Plan Investment Board, directors, officers and others.

Precision Drilling Corporation (TSX:PD) entered into a definitive agreement to acquire CWC Energy Services Corp. (TSXV:CWC) from BBU Alta Investments L.P., Brookfield BBP (CANADA) LP, Canada Pension Plan Investment Board, directors, officers and others for approximately CAD 110 million.

Precision Drilling Corporation (TSX:PD) entered into a definitive agreement to acquire CWC Energy Services Corp. (TSXV:CWC) from BBU Alta Investments L.P., Brookfield BBP (CANADA) LP, Canada Pension Plan Investment Board, directors, officers and others for approximately CAD 110 million.

Investors Will Want CWC Energy Services' (CVE:CWC) Growth In ROCE To Persist

Second quarter 2023 earnings released: CA$0.018 loss per share (vs CA$0.005 profit in 2Q 2022)

We Think CWC Energy Services (CVE:CWC) Can Stay On Top Of Its Debt

CWC Energy Services Corp. to Report Q2, 2023 Results on Jul 27, 2023

Returns On Capital Are Showing Encouraging Signs At CWC Energy Services (CVE:CWC)

First quarter 2023 earnings released: EPS: CA$0.01 (vs CA$0.007 in 1Q 2022)

CEO, President & Director exercised options to buy CA$213k worth of stock.

Independent Director recently bought CA$75k worth of stock

Full year 2022 earnings released: EPS: CA$0.081 (vs CA$0.009 in FY 2021)

CWC Energy Services Corp. to Report Q4, 2022 Results on Mar 01, 2023

Independent Director recently sold CA$64k worth of stock

Independent Director exercised options to buy CA$72k worth of stock.

Independent Director recently sold CA$64k worth of stock

Chief Financial Officer recently sold CA$75k worth of stock

Third quarter 2022 earnings released: EPS: CA$0.019 (vs CA$0.004 in 3Q 2021)

CWC Energy Services Corp. to Report Q3, 2022 Results on Oct 28, 2022

Chief Financial Officer exercised options to buy CA$50k worth of stock.

High number of new directors

Second quarter 2022 earnings released: EPS: CA$0.01 (vs CA$0.002 loss in 2Q 2021)

CEO, President & Director exercised options to buy CA$278k worth of stock.

CWC Energy Services Corp. Announces Board Changes

Is CWC Energy Services (CVE:CWC) Using Too Much Debt?

Chief Financial Officer recently sold CA$60k worth of stock

CWC Energy Services Corp. to Report Q2, 2022 Results on Jul 29, 2022

Chief Financial Officer exercised options to buy CA$57k worth of stock.

Chief Financial Officer recently sold CA$52k worth of stock

Chief Financial Officer exercised options to buy CA$56k worth of stock.

CWC Energy Services Corp., Annual General Meeting, Jun 28, 2022

First quarter 2022 earnings released: EPS: CA$0.007 (vs CA$0.001 in 1Q 2021)

Insufficient new directors

CWC Energy Services' (CVE:CWC) Earnings Are Of Questionable Quality

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Here's Why CWC Energy Services (CVE:CWC) Can Afford Some Debt

CEO, President & Director exercised options to buy CA$153k worth of stock.

Third quarter 2021 earnings released

Is CWC Energy Services (CVE:CWC) A Risky Investment?

A Look At The Fair Value Of CWC Energy Services Corp. (CVE:CWC)

An undisclosed buyer acquired Swabbing rig assets and business of CWC Energy Services Corp.

Second quarter 2021 earnings released

Is CWC Energy Services (CVE:CWC) Using Too Much Debt?

It Looks Like CWC Energy Services Corp.'s (CVE:CWC) CEO May Expect Their Salary To Be Put Under The Microscope

First quarter 2021 earnings released

CWC Energy Services Corp. Provides Impairment of Assets for the Three Months Ended March 31, 2021

Full year 2020 earnings released: CA$0.05 loss per share (vs CA$0.003 loss in FY 2019)

Here's Why CWC Energy Services (CVE:CWC) Can Afford Some Debt

CWC Energy Services Corp. to Report Q4, 2020 Results on Mar 04, 2021

CWC Energy Services' (CVE:CWC) Stock Price Has Reduced 32% In The Past Three Years

Insider exercised options to buy CA$68k worth of stock.

Don't Ignore The Fact That This Insider Just Sold Some Shares In CWC Energy Services Corp. (CVE:CWC)

Third quarter 2020 earnings released: CA$0.002 loss per share

Price target lowered to CA$0.10

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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