What is Savanna Energy Services Financial Strength?
Savanna Energy Services has the Financial Strength Rank of 0.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
Savanna Energy Services did not have earnings to cover the interest expense.
Savanna Energy Services's debt to revenue ratio for the quarter that ended in Mar. 2017 was 0.59.
As of today, Savanna Energy Services's Altman Z-Score is 0.00.
Competitive Comparison of Savanna Energy Services's Financial Strength
For the Oil & Gas Drilling subindustry, Savanna Energy Services's Financial Strength, along with its competitors' market caps and Financial Strength 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.
Savanna Energy Services's Financial Strength Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Savanna Energy Services's Financial Strength distribution charts can be found below:
* The bar in red indicates where Savanna Energy Services's Financial Strength falls into.
Savanna Energy Services Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
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:
Savanna Energy Services's Interest Expense for the
months ended in Mar. 2017 was C$-4.6 Mil. Its Operating Income for the
months ended in Mar. 2017 was C$-14.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2017 was C$57.4 Mil.
Savanna Energy Services's Interest Coverage for the quarter that ended in Mar. 2017 is
| Savanna Energy Services did not have earnings to cover the interest expense. |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Savanna Energy Services's Debt to Revenue Ratio for the quarter that ended in Mar. 2017 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Savanna Energy Services has a Z-score of 0.00, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
* 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.
Savanna Energy Services (TSX:SVY) Business Description
Traded in Other Exchanges
N/A
Address
Savanna Energy Services Corp was incorporated under the Alberta Business Corporations Act on March 22, 2001. It is a drilling, well servicing and oilfield rentals company with operations in Canada, the United States and Australia. It provides a variety of services in the oil and natural gas industry. The corporate segment provides management and administrative services to all of the Company's subsidiaries and their respective operations. The services segment provides well servicing services and rental equipment to the oil and gas industry. The drilling segment provides contract drilling services to the oil and gas industry. The Company's overall business is conducted through two divisions: contract drilling and oilfield services. The Company's equipment fleet is among the newest and technically in the industry and its commitment to talent and technology has enabled the Company to build a presence within the oilfield services sector. It has also expanded its customer base to international markets, diversifying geographically into growing and emerging markets. The Company operates through a number of wholly-owned subsidiaries and several partnerships with Aboriginal communities that are partially owned by the Company.
Savanna Energy Services (TSX:SVY) Headlines
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