Trican Well ServiceTSX:TCW -1.63%74 Interest Coverage is 32.19 as of Mar. 2026, which is 18% below its 10-year median of 39.42. GuruFocus rates TSX:TCW with a GF Score™ of 74/100 and a GF Value™ of C$6.12 (Fairly Valued). The stock has 1 warning sign investors should review. Among 731 Oil & Gas companies, Trican Well Service ranks better than 77.15% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Trican Well Service's
Operating Income
for the
three
months ended in Mar. 2026 was C$41 Mil. Trican Well Service's Interest Expense for the
three
months ended in Mar. 2026 was C$-1 Mil.
Trican Well Service's interest coverage for the quarter that ended in Mar. 2026 was 32.19.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Trican Well Service's Interest Coverage or its related term are showing as below:
TSX:TCW'
s Interest Coverage Range Over the Past 10 Years
Min: 4 Med: 39.42 Max: 62.53
Current: 30.04
TSX:TCW's Interest Coverage is ranked better than 77.15% of 731
companies
in the Oil & Gas industry
Industry Median: 5.89
vs TSX:TCW: 30.04
Trican Well Service (TSX:TCW) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Trican Well Service Interest Coverage Related Terms
Trican Well Service Interest Coverage Historical Data
* Premium members only.
The historical data trend for Trican Well Service's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
TSX:TCW vs SLB, BKR, HAL: Interest Coverage Comparison
For the Oil & Gas Equipment & Services subindustry, Trican Well Service's Interest Coverage, along with its competitors' market caps and Interest Coverage 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.
Trican Well Service Interest Coverage vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Trican Well Service's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Trican Well Service's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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.
Trican Well Service (TSX:TCW) has a Interest Coverage of 32.19 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Trican Well Service and its competitors. This is 18% below median its historical median of 39.42. Over the past decade, Trican Well Service's Interest Coverage has ranged from 4.00 to 62.53. According to the industry distribution chart, Trican Well Service ranks #167 out of 731 companies in the Oil & Gas industry, placing it in the top 22.8%.
Is Trican Well Service's Interest Coverage too high?
Trican Well Service's current Interest Coverage of 32.19 is 18% below median its 10-year median of 39.42. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 62.53. The Oil & Gas industry median Interest Coverage is 5.89. Trican Well Service's value of 32.19 is 446.5% above this industry median. Based on the distribution chart, Trican Well Service ranks #167 out of 731 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Trican Well Service has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Trican Well Service's Interest Coverage compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Trican Well Service ranks #167 out of 731 companies for Interest Coverage. This places Trican Well Service in the top 23% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 5.89. Trican Well Service's value of 32.19 is 446.5% above this benchmark. Historically, Trican Well Service's own Interest Coverage has ranged from 4.00 to 62.53 over the past decade. While the company's 10-year median is 39.42 vs. the industry median of 5.89, Trican Well Service has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for an Oil & Gas company?
The median Interest Coverage among Oil & Gas companies is 5.89, based on 731 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Trican Well Service's current Interest Coverage of 32.19 is 446.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Trican Well Service and its competitors. For the Oil & Gas industry, the median Interest Coverage is 5.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trican Well Service's current Interest Coverage is 32.19, which is 18% below median its own 10-year median of 39.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trican Well Service stock overvalued right now?
Based on GuruFocus' analysis, Trican Well Service (TSX:TCW) is currently considered Fairly Valued. The stock's GF Value™ is C$6.12, compared to a current price of C$6.63 — trading 8.3% above its estimated fair value. The current Interest Coverage is 32.19, which is 18% below median its 10-year median of 39.42 and 446.5% above the Oil & Gas industry median of 5.89. Trican Well Service's overall GF Score™ is 74/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Trican Well Service (TSX:TCW), the current Interest Coverage is 32.19 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Trican Well Service (TSX:TCW) Overvalued in 2026?
Based on GuruFocus' analysis, Trican Well Service stock appears to be overvalued.
The current stock price of C$6.63 is trading 8.3% above its estimated GF Value™ of C$6.12.
GuruFocus considers Trican Well Service to be Fairly Valued.
Key valuation signals for TSX:TCW:
Interest Coverage: 32.19 (18% below median its 10-year median of 39.42)
GF Value™: C$6.12 vs. price of C$6.63 (8.3% above fair value)
Industry Position: 446.5% above the Oil & Gas median (#167 of 731)
No single metric tells the full story. See the TSX:TCW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Trican Well Service Ltd is an equipment services company. It provides products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells through its continuing pressure pumping operations in Canada. Additionally, the company offers services related to coiled tubing, pipeline service, cementing, fracturing, and reservoir solutions to customers operating from bases located across the Western Canadian Sedimentary Basin (WCSB).
74GF Score
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