High Arctic Energy Services (TSX:HWO) Total Assets : C$129.56 Mil (As of Mar. 2024)

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What is High Arctic Energy Services Total Assets?

High Arctic Energy Services's Total Assets for the quarter that ended in Mar. 2024 was C$129.56 Mil.

During the past 12 months, High Arctic Energy Services's average Total Assets Growth Rate was -15.10% per year. During the past 3 years, the average Total Assets Growth Rate was -26.30% per year. During the past 5 years, the average Total Assets Growth Rate was -21.00% per year. During the past 10 years, the average Total Assets Growth Rate was -3.90% per year.

During the past 13 years, High Arctic Energy Services's highest 3-Year average Total Assets Growth Rate was 38.20%. The lowest was -31.70%. And the median was -0.35%.

Total Assets is connected with ROA %. High Arctic Energy Services's annualized ROA % for the quarter that ended in Mar. 2024 was 11.10%. Total Assets is also linked to Revenue through Asset Turnover. High Arctic Energy Services's Asset Turnover for the quarter that ended in Mar. 2024 was 0.14.

High Arctic Energy Services Total Assets Historical Data

The historical data trend for High Arctic Energy Services's Total 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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High Arctic Energy Services Total Assets Chart

High Arctic Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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251.80

214.16

185.45

133.96

123.14

High Arctic Energy Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															132.12	133.51	115.57	123.14	129.56

High Arctic Energy Services Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

High Arctic Energy Services's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	99.332	+	23.805
	=	123.14

High Arctic Energy Services's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	103.761	+	25.801
	=	129.56

High Arctic Energy Services (TSX:HWO) Total Assets Explanation

Total Assets is connected with ROA %.

High Arctic Energy Services's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	14.02	/	( (123.137	+	129.562)	/ 2 )
	=	14.02	/	126.3495
	=	11.10 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

High Arctic Energy Services's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	18.005	/	( (123.137	+	129.562)	/ 2 )
=	18.005	/	126.3495
=	0.14

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

High Arctic Energy Services Total Assets Related Terms

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High Arctic Energy Services (TSX:HWO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » High Arctic Energy Services Inc (TSX:HWO) » Definitions » Total Assets

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HGHAF:USA 6LQ:Germany

Address

330 - 5th Ave SW., Suite 2350, Calgary, AB, CAN, T2P 0L4

Website

https://www.haes.ca

High Arctic Energy Services Inc is engaged in providing contract drilling, well servicing, completion services, equipment rentals, and other oilfield services to the oil and natural gas industry in Papua New Guinea and Canada. The operating segments of the company are the Drilling Services segment which consists of drilling services; the Production Services segment which consists of well servicing and snubbing services; the Ancillary Services segment which provides rental equipment, nitrogen transport services, and engineering consulting to various companies within the oil and gas sector and Corporate segment. The Production Services segment generates the company's revenue.

Executives

Douglas John Strong

Director

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