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Akita Drilling (Akita Drilling) Debt-to-Revenue : 0.37 (As of Dec. 2023)


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What is Akita Drilling Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

Akita Drilling's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.5 Mil. Akita Drilling's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $52.0 Mil. Akita Drilling's annualized Revenue for the quarter that ended in Dec. 2023 was $141.1 Mil. Akita Drilling's annualized Debt-to-Revenue for the quarter that ended in Dec. 2023 was 0.37.


Akita Drilling Debt-to-Revenue Historical Data

The historical data trend for Akita Drilling's Debt-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Akita Drilling Debt-to-Revenue Chart

Akita Drilling Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.50 0.65 0.80 0.47 0.31

Akita Drilling Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.40 0.36 0.35 0.37 0.37

Competitive Comparison of Akita Drilling's Debt-to-Revenue

For the Oil & Gas Drilling subindustry, Akita Drilling's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Akita Drilling's Debt-to-Revenue Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Akita Drilling's Debt-to-Revenue distribution charts can be found below:

* The bar in red indicates where Akita Drilling's Debt-to-Revenue falls into.



Akita Drilling Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

Akita Drilling's Debt-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0.481 + 52.005) / 168.067
=0.31

Akita Drilling's annualized Debt-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0.481 + 52.005) / 141.076
=0.37

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Dec. 2023) Revenue data.


Akita Drilling Debt-to-Revenue Related Terms

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Akita Drilling (Akita Drilling) Business Description

Traded in Other Exchanges
Address
333-7th Avenue SW, Suite 1000, Calgary, AB, CAN, T2P 2Z1
Akita Drilling Ltd is a Canadian oil and gas drilling contractor. The company is engaged in providing contract drilling services, primarily to the oil and gas industry, in Canada and the United States. The company owns and operates over 35 drilling rigs. It is also involved in the drilling related to potash mining and the development of storage caverns.

Akita Drilling (Akita Drilling) Headlines