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
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TWZ's short term assets (CA$297.6M) exceed its short term liabilities (CA$144.4M).
Long Term Liabilities: TWZ's short term assets (CA$297.6M) exceed its long term liabilities (CA$48.9M).
Debt to Equity History and Analysis
Debt Level: TWZ is debt free.
Reducing Debt: TWZ has no debt compared to 5 years ago when its debt to equity ratio was 4.6%.
Debt Coverage: TWZ has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TWZ has no debt, therefore coverage of interest payments is not a concern.