HGHAF (High Arctic Energy Services) Accumulated Depreciation : $-12.40 Mil (As of Dec. 2024)

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What is High Arctic Energy Services Accumulated Depreciation?

Note: A negative number here means the assets are depreciated. When depricates more, the absolute value gets bigger.

High Arctic Energy Services's quarterly accumulated depreciation declined from Jun. 2024 ($-13.01 Mil) to Sep. 2024 ($-12.61 Mil) but then stayed the same from Sep. 2024 ($-12.61 Mil) to Dec. 2024 ($-12.40 Mil).

High Arctic Energy Services's annual accumulated depreciation declined from Dec. 2022 ($-118.29 Mil) to Dec. 2023 ($-111.52 Mil) but then stayed the same from Dec. 2023 ($-111.52 Mil) to Dec. 2024 ($-12.40 Mil).

High Arctic Energy Services Accumulated Depreciation Historical Data

The historical data trend for High Arctic Energy Services's Accumulated Depreciation 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 Accumulated Depreciation Chart

High Arctic Energy Services Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accumulated Depreciation

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-183.59

-193.69

-118.29

-111.52

-12.40

High Arctic Energy Services Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Accumulated Depreciation	Get a 7-Day Free Trial															-111.52	-114.15	-13.01	-12.61	-12.40

High Arctic Energy Services Accumulated Depreciation Calculation

The cumulative depreciation of an asset up to a single point in its life. Regardless of the method used to calculate it, the depreciation of an asset during a single period is added to the previous period's accumulated depreciation to get the current accumulated depreciation.

High Arctic Energy Services Accumulated Depreciation Related Terms

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High Arctic Energy Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » High Arctic Energy Services Inc (OTCPK:HGHAF) » Definitions » Accumulated Depreciation

Comparable Companies

Traded in Other Exchanges

6LQ0:Germany HWO:Canada

Address

330 - 5th Avenue 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 Rental Services segment consists of High Arctic's oilfield rental equipment of pressure control and other oilfield equipment to exploration and production companies in Canada; and the Corporate segment provides management and administrative services to all the corporation's operations. The Rental Services segment generates the majority company's revenue.