Western Energy Services (TSX:WRG) Debt-to-Equity : 0.39 (As of Mar. 2024)

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What is Western Energy Services Debt-to-Equity?

Western Energy Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$3.8 Mil. Western Energy Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$111.1 Mil. Western Energy Services's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$297.2 Mil. Western Energy Services's debt to equity for the quarter that ended in Mar. 2024 was 0.39.

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

TSX:WRG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.39 Med: 0.63 Max: 1.37
Current: 0.39

During the past 13 years, the highest Debt-to-Equity Ratio of Western Energy Services was 1.37. The lowest was 0.39. And the median was 0.63.

TSX:WRG's Debt-to-Equity is ranked better than
54.16% of 829 companies
in the Oil & Gas industry
Industry Median: 0.45 vs TSX:WRG: 0.39

Western Energy Services Debt-to-Equity Historical Data

The historical data trend for Western 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.

Western Energy Services Debt-to-Equity Chart

Western Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.88

1.10

1.30

0.44

0.39

Western Energy Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.44	0.42	0.40	0.39	0.39

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

For the Oil & Gas Drilling subindustry, Western 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.

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

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

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

Western Energy Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Western 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
	=	(4.047	+	111.174)	/	293.37
	=	0.39

Western Energy Services's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(3.823	+	111.109)	/	297.195
	=	0.39

Western Energy Services (TSX:WRG) 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.

Western Energy Services Debt-to-Equity Related Terms

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

Western Energy Services (TSX:WRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Western Energy Services Corp (TSX:WRG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

WEEEF:USA

Address

215 - 9th Avenue SW, Suite 1700, Calgary, AB, CAN, T2P 1K3

Website

https://www.wesc.ca

Western Energy Services Corp operates as an oilfield service industry in Canada and the United States of America. The company functions its drilling services through two segments namely, Contract drilling and Production services. Its contract drilling segment is involved in drilling rigs with ancillary equipment as well as provides such services to crude oil and natural gas exploration and production companies. The production service segment includes well servicing rigs and related equipment, and oilfield rental equipment. It generates revenue mainly through its Contract drilling operation segment.

Executives

Sime Armoyan	10% Security Holder
Tomer Cohen	Director

Western Energy Services (TSX:WRG) Headlines

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