What is National Energy Services Reunited Financial Strength?
National Energy Services Reunited has the Financial Strength Rank of 5.
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.
National Energy Services Reunited did not have earnings to cover the interest expense.
National Energy Services Reunited's debt to revenue ratio for the quarter that ended in Dec. 2021 was 0.70.
As of today, National Energy Services Reunited's Altman Z-Score is 0.00.
Competitive Comparison of National Energy Services Reunited's Financial Strength
For the Oil & Gas Equipment & Services subindustry, National Energy Services Reunited'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.
National Energy Services Reunited's Financial Strength Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, National Energy Services Reunited's Financial Strength distribution charts can be found below:
* The bar in red indicates where National Energy Services Reunited's Financial Strength falls into.
National Energy Services Reunited 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:
National Energy Services Reunited's Interest Expense for the
months ended in Dec. 2021 was $-5.1 Mil. Its Operating Income for the
months ended in Dec. 2021 was $-81.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2021 was $508.8 Mil.
National Energy Services Reunited's Interest Coverage for the quarter that ended in Dec. 2021 is
| National Energy Services Reunited 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.
National Energy Services Reunited's Debt to Revenue Ratio for the quarter that ended in Dec. 2021 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.
National Energy Services Reunited 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.
National Energy Services Reunited (National Energy Services Reunited) Business Description
Traded in Other Exchanges
N/A
Address
777 Post Oak Boulevard, Suite 730, Houston, TX, USA, 77056
National Energy Services Reunited Corp is a British Virgin Islands-based company engaged in providing products and services to the oil and gas industry in the Middle East and North Africa and the Asia Pacific regions. The company has two reportable segments: Production Services including coil tubing, stimulation, and pumping, nitrogen services, completions, pipelines, cementing, laboratory services and filtration services; and Drilling and Evaluation Services including drilling and workover rigs, rig services, services, and well-testing services among others. Revenues are majorly derived from production services of an oil or natural gas well.
Executives
| Melissa Cougle |
officer: Chief Financial Officer |
777 POST OAK BLVD., 7TH FLOOR, HOUSTON TX 77056 |
| Adnan Ghabris |
director |
PO BOX 346036 DUBAI C0 00000 |
| Al Noaimi Salem Rashed Abdulla Ali |
director |
AERCAP HOUSE, 65 ST. STEPHEN'S GREEN, DUBLIN L2 2 |
| Capital Pjsc Waha |
10 percent owner |
LEVEL 42, TOWER 3, ETIHAD TOWERS PO BOX 28922 ABU DHABI C0 00000 |
| Thomas D Wood |
director, 10 percent owner, officer: CFO |
NATIONAL ENERGY SERVICES REUNITED CORP., 777 POST OAK BLVD, HOUSTON TX 77056 |
| Campo Mejia Antonio J |
director |
NATIONAL ENERGY SERVICES REUNITED CORP. 777 POST OAK BLVD. HOUSTON TX 77056 |
| Waha Energy Ltd |
10 percent owner |
C/O MAPLES CORPORATE SERVICES LIMITED PO BOX 309, UGLAND HOUSE GRAND CAYMAN E9 KY1-1104 |
| Nesr Spv Ltd |
10 percent owner |
C/O MAPLES CORPORATE SERVICES LIMITED PO BOX 309, UGLAND HOUSE GRAND CAYMAN E9 KY1-1104 |
| Olayan Saudi Holding Co |
10 percent owner |
P.O. BOX 8772, OLAYAN CENTER, AHSAA STREET RIYADH T0 11492 |
| Olayan Financing Co Ltd. |
10 percent owner |
P.O. BOX 8772, OLAYAN CENTER, AHSAA STREET RIYADH T0 11492 |
| Christine J Morris |
officer: Chief Financial Officer |
NATIONAL ENERGY SERVICES REUNITED CORP. 777 POST OAK BLVD., 7TH FLOOR HOUSTON TX 77056 |
| Olayan International Ltd |
10 percent owner |
C/O 111 POSEIDONOS AVE., GLYFADA ATHENS J3 166 10 |
| Olayan Investments Co Establishment |
10 percent owner |
111 POSEIDONOS AVENUE GLYFADA ATHENS J3 166 10 |
| Sherif Foda |
director, 10 percent owner, officer: CEO |
C/O SCHLUMBERGER LIMITED, 5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056 |
| Nesr Holdings Ltd. |
10 percent owner |
RITTER HOUSE WICKHAMS CAY II, ROAD TOWN TORTOLA D8 VG1110 |
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