Western Energy Services Balance Sheet Health
Financial Health criteria checks 5/6
Western Energy Services has a total shareholder equity of CA$299.4M and total debt of CA$108.8M, which brings its debt-to-equity ratio to 36.4%. Its total assets and total liabilities are CA$441.8M and CA$142.4M respectively.
Key information
36.4%
Debt to equity ratio
CA$108.83m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$3.76m |
| Equity | CA$299.36m |
| Total liabilities | CA$142.42m |
| Total assets | CA$441.78m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: W1T's short term assets (CA$54.7M) exceed its short term liabilities (CA$25.2M).
Long Term Liabilities: W1T's short term assets (CA$54.7M) do not cover its long term liabilities (CA$117.2M).
Debt to Equity History and Analysis
Debt Level: W1T's net debt to equity ratio (35.1%) is considered satisfactory.
Reducing Debt: W1T's debt to equity ratio has reduced from 66.7% to 36.4% 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.