Trican Well Service (FRA:TWZ) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

View and export this data going back to 2003. Start your Free Trial

What is Trican Well Service LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Trican Well Service's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Trican Well Service's long-term debt to total assets ratio declined from Mar. 2023 (0.06) to Mar. 2024 (0.02). It may suggest that Trican Well Service is progressively becoming less dependent on debt to grow their business.

Trican Well Service LT-Debt-to-Total-Asset Historical Data

The historical data trend for Trican Well Service's LT-Debt-to-Total-Asset 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.

Trican Well Service LT-Debt-to-Total-Asset Chart

Trican Well Service Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.07

0.02

0.01

0.06

0.02

Trican Well Service Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.06	0.02	0.02	0.02	0.02

Trican Well Service LT-Debt-to-Total-Asset Calculation

Trican Well Service's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	9.376	/	485.596
	=	0.02

Trican Well Service's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	9.07	/	463.515
	=	0.02

Trican Well Service (FRA:TWZ) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Trican Well Service LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Trican Well Service's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Trican Well Service (FRA:TWZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Trican Well Service Ltd (FRA:TWZ) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

TOLWF:USA TCW:Canada

Address

2900, 645 - 7th Avenue SW, Calgary, AB, CAN, T2P 4G8

Website

https://www.tricanwellservice.com

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 primarily through its continuing pressure pumping operations in Canada. The company offers services related to coiled tubing, pipeline service, cementing, fracturing and reservoir solutions.

Trican Well Service (FRA:TWZ) Headlines

No Headlines