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
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TWZ's short term assets (CA$220.6M) exceed its short term liabilities (CA$84.2M).
Long Term Liabilities: TWZ's short term assets (CA$220.6M) exceed its long term liabilities (CA$64.3M).
Debt to Equity History and Analysis
Debt Level: TWZ's net debt to equity ratio (1.1%) is considered satisfactory.
Reducing Debt: TWZ's debt to equity ratio has reduced from 4.7% to 1.7% over the past 5 years.
Debt Coverage: TWZ's debt is well covered by operating cash flow (1896.2%).
Interest Coverage: TWZ's interest payments on its debt are well covered by EBIT (59.3x coverage).