Essential Energy Services (Essential Energy Services) Debt-to-Equity : 0.12 (As of Jun. 2023)

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What is Essential Energy Services Debt-to-Equity?

Essential Energy Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $2.4 Mil. Essential Energy Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $8.1 Mil. Essential Energy Services's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $84.2 Mil. Essential Energy Services's debt to equity for the quarter that ended in Jun. 2023 was 0.12.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Essential Energy Services's Debt-to-Equity or its related term are showing as below:

EEYUF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.13 Max: 0.22
Current: 0.12

During the past 13 years, the highest Debt-to-Equity Ratio of Essential Energy Services was 0.22. The lowest was 0.08. And the median was 0.13.

EEYUF's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.44 vs EEYUF: 0.12

Essential Energy Services Debt-to-Equity Historical Data

The historical data trend for Essential Energy Services's Debt-to-Equity 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.

Essential Energy Services Debt-to-Equity Chart

Essential Energy Services Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

Get a 7-Day Free Trial

0.17

0.15

0.09

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
Debt-to-Equity	Get a 7-Day Free Trial															0.09	0.12	0.09	0.10	0.12

Competitive Comparison of Essential Energy Services's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, Essential Energy Services's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Essential Energy Services's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Essential Energy Services's Debt-to-Equity falls into.

Essential Energy Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Essential Energy Services's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(3.119	+	4.779)	/	86.406
	=	0.09

Essential Energy Services's Debt to Equity Ratio for the quarter that ended in Jun. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(2.363	+	8.052)	/	84.206
	=	0.12

Essential Energy Services (OTCPK:EEYUF) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Essential Energy Services Debt-to-Equity Related Terms

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Essential Energy Services (Essential Energy Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Essential Energy Services Ltd (OTCPK:EEYUF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

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.