Calfrac Well Services (Calfrac Well Services) Debt-to-Equity : 0.45 (As of Dec. 2023)

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What is Calfrac Well Services Debt-to-Equity?

Calfrac Well Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $8 Mil. Calfrac Well Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $197 Mil. Calfrac Well Services's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $459 Mil. Calfrac Well Services's debt to equity for the quarter that ended in Dec. 2023 was 0.45.

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

CFWFF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.45 Med: 1.38 Max: 2.73
Current: 0.45

During the past 13 years, the highest Debt-to-Equity Ratio of Calfrac Well Services was 2.73. The lowest was 0.45. And the median was 1.38.

CFWFF's Debt-to-Equity is ranked better than
50.24% of 826 companies
in the Oil & Gas industry
Industry Median: 0.45 vs CFWFF: 0.45

Calfrac Well Services Debt-to-Equity Historical Data

The historical data trend for Calfrac Well 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.

Calfrac Well Services Debt-to-Equity Chart

Calfrac Well Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.73

0.85

1.25

0.84

0.45

Calfrac Well 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															0.80	0.71	0.56	0.45	N/A

Competitive Comparison of Calfrac Well Services's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, Calfrac Well 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.

Calfrac Well Services's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

Calfrac Well Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Calfrac Well 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
	=	(7.995	+	197.137)	/	459.081
	=	0.45

Calfrac Well Services's Debt to Equity Ratio for the quarter 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
	=	(7.995	+	197.137)	/	459.081
	=	0.45

Calfrac Well Services (OTCPK:CFWFF) 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.

Calfrac Well Services Debt-to-Equity Related Terms

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Calfrac Well Services (Calfrac Well Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Calfrac Well Services Ltd (OTCPK:CFWFF) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

CFW:Canada

Address

407 - 8th Avenue SW, Suite 500, Calgary, AB, CAN, T2P 1E5

Website

https://www.calfrac.com

Calfrac Well Services Ltd provides specialized oilfield services, including hydraulic fracturing, coiled tubing, cementing, and other good completion services to the oil and natural gas industries in Canada, the United States, Russia, and Argentina. It generates maximum revenue from the United States.