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
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: W1T's short term assets (CA$47.7M) exceed its short term liabilities (CA$30.0M).
Long Term Liabilities: W1T'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: W1T's net debt to equity ratio (32.6%) is considered satisfactory.
Reducing Debt: W1T'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 W1T has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: W1T 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.