HGHAF (High Arctic Energy Services) Debt-to-Equity : 0.21 (As of Sep. 2024)

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What is High Arctic Energy Services Debt-to-Equity?

High Arctic Energy Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.35 Mil. High Arctic Energy Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $3.18 Mil. High Arctic Energy Services's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $17.04 Mil. High Arctic Energy Services's debt to equity for the quarter that ended in Sep. 2024 was 0.21.

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

HGHAF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.05 Max: 0.21
Current: 0.21

During the past 13 years, the highest Debt-to-Equity Ratio of High Arctic Energy Services was 0.21. The lowest was 0.00. And the median was 0.05.

HGHAF's Debt-to-Equity is ranked better than
69.3% of 824 companies
in the Oil & Gas industry
Industry Median: 0.47 vs HGHAF: 0.21

High Arctic Energy Services Debt-to-Equity Historical Data

The historical data trend for High Arctic 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.

High Arctic Energy Services Debt-to-Equity Chart

High Arctic Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.05

0.11

0.05

0.06

High Arctic Energy Services Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.06	0.06	0.06	0.08	0.21

Competitive Comparison of High Arctic Energy Services's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, High Arctic 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.

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

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

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

High Arctic Energy Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

High Arctic 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
	=	(0.845	+	3.885)	/	74.04
	=	0.06

High Arctic Energy Services's Debt to Equity Ratio for the quarter that ended in Sep. 2024 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
	=	(0.345	+	3.183)	/	17.04
	=	0.21

High Arctic Energy Services (OTCPK:HGHAF) 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.

High Arctic Energy Services Debt-to-Equity 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 » Debt-to-Equity

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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 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.