Ensign Energy Services (Ensign Energy Services) Debt-to-Equity : 0.94 (As of Dec. 2023)

View and export this data going back to . Start your Free Trial

What is Ensign Energy Services Debt-to-Equity?

Ensign Energy Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $89 Mil. Ensign Energy Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $828 Mil. Ensign Energy Services's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $976 Mil. Ensign Energy Services's debt to equity for the quarter that ended in Dec. 2023 was 0.94.

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 Ensign Energy Services's Debt-to-Equity or its related term are showing as below:

ESVIF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.38 Med: 0.97 Max: 1.23
Current: 0.94

During the past 13 years, the highest Debt-to-Equity Ratio of Ensign Energy Services was 1.23. The lowest was 0.38. And the median was 0.97.

ESVIF's Debt-to-Equity is ranked worse than
73.25% of 830 companies
in the Oil & Gas industry
Industry Median: 0.435 vs ESVIF: 0.94

Ensign Energy Services Debt-to-Equity Historical Data

The historical data trend for Ensign 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.

Ensign Energy Services Debt-to-Equity Chart

Ensign Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.09

1.03

1.23

1.13

0.94

Ensign Energy Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.13	1.10	1.04	1.01	0.94

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

For the Oil & Gas Drilling subindustry, Ensign 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.

Ensign Energy Services's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

Ensign Energy Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ensign Energy Services's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(88.734	+	828.293)	/	975.523
	=	0.94

Ensign Energy Services's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(88.734	+	828.293)	/	975.523
	=	0.94

Ensign Energy Services (OTCPK:ESVIF) 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.

Ensign Energy Services Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Ensign Energy Services's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Ensign Energy Services (Ensign Energy Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ensign Energy Services Inc (OTCPK:ESVIF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ENB:Germany ESI:Canada

Address

400, 5th Avenue South West, Suite 1000, Calgary, AB, CAN, T2P 0L6

Website

https://www.ensignenergy.com

Ensign Energy Services Inc provides oilfield services to the crude oil and natural gas industries in Canada, the United States, and internationally. In Canada, the Company's oilfield services business includes drilling rigs, oil sands/coring rigs, well servicing, underbalanced and managed pressure drilling, and equipment rental services. In the United States, it offers drilling rigs, directional services, well servicing, equipment rental services, and trucking services, and Internationally, It offers drilling and workover rigs. Geographically the company operates in nine countries; Canada, the United States, Argentina, Australia, Bahrain, Kuwait, Oman, United Arab Emirates, and Venezuela.