Essential Energy Services (TSX:ESN) Scaled Net Operating Assets : 0.79 (As of Jun. 2023)

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What is Essential Energy Services Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Essential Energy Services's operating assets for the quarter that ended in Jun. 2023 was C$144.4 Mil. Essential Energy Services's operating liabilities for the quarter that ended in Jun. 2023 was C$20.8 Mil. Essential Energy Services's Total Assets for the quarter that ended in Mar. 2023 was C$155.7 Mil. Therefore, Essential Energy Services's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2023 was 0.79.

Essential Energy Services Scaled Net Operating Assets Historical Data

The historical data trend for Essential Energy Services's Scaled Net Operating Assets 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.

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Essential Energy Services Scaled Net Operating Assets Chart

Essential Energy Services Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Scaled Net Operating Assets

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0.81

0.86

0.73

0.80

0.79

Essential Energy Services Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.79	0.91	0.80	0.86	0.79

Competitive Comparison of Essential Energy Services's Scaled Net Operating Assets

For the Oil & Gas Equipment & Services subindustry, Essential Energy Services's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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.

Essential Energy Services's Scaled Net Operating Assets Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Essential Energy Services's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Essential Energy Services's Scaled Net Operating Assets falls into.

Essential Energy Services Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Essential Energy Services's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2022 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2022 )
=	(Operating Assets (A: Dec. 2022 )	-	Operating Liabilities (A: Dec. 2022 ))	/	Total Assets (A: Dec. 2021 )
=	(148.463	-	22.415)	/	159.086
=	0.79

where

	Operating Assets		(A: Dec. 2022 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	150.526	-	2.063
=	148.463

	Operating Liabilities		(A: Dec. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	33.144	-	6.492	-	4.237
=	22.415

Essential Energy Services's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Jun. 2023 )
=	(Operating Assets (Q: Jun. 2023 )	-	Operating Liabilities (Q: Jun. 2023 ))	/	Total Assets (Q: Mar. 2023 )
=	(144.407	-	20.847)	/	155.653
=	0.79

where

	Operating Assets		(Q: Jun. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	146.56	-	2.153
=	144.407

	Operating Liabilities		(Q: Jun. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	34.684	-	10.698	-	3.139
=	20.847

Essential Energy Services Scaled Net Operating Assets Related Terms

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Essential Energy Services (TSX:ESN) Business Description

Industry

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Address

250 - 2nd Street SW, Suite 1100, Livingston Place West, Calgary, AB, CAN, T2P 0C1

Website

https://www.essentialenergy.ca

Essential Energy Services Ltd provides oilfield services to oil and natural gas producers, primarily in Western Canada. It operates through two segments: The Essential Coil Well Service segment provides completion, production, and workover services with its fleet of coiled tubing rigs, fluid pumpers, nitrogen pumpers, and ancillary equipment. Tryton segment provides downhole tools and rental services in Canada and the U.S. The majority of revenue is from the ECWS segment.

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