Secure Energy Services (TSX:SES) Debt-to-Equity : 0.29 (As of Mar. 2024)

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What is Secure Energy Services Debt-to-Equity?

Secure Energy Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$24 Mil. Secure Energy Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$395 Mil. Secure Energy Services's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$1,468 Mil. Secure Energy Services's debt to equity for the quarter that ended in Mar. 2024 was 0.29.

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

TSX:SES' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.55 Max: 1.19
Current: 0.29

During the past 13 years, the highest Debt-to-Equity Ratio of Secure Energy Services was 1.19. The lowest was 0.14. And the median was 0.55.

TSX:SES's Debt-to-Equity is ranked better than
70.59% of 221 companies
in the Waste Management industry
Industry Median: 0.7 vs TSX:SES: 0.29

Secure Energy Services Debt-to-Equity Historical Data

The historical data trend for Secure Energy 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.

Secure Energy Services Debt-to-Equity Chart

Secure Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.64

0.63

1.19

0.81

0.93

Secure Energy 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															0.90	0.93	0.92	0.93	0.29

Competitive Comparison of Secure Energy Services's Debt-to-Equity

For the Waste Management subindustry, Secure Energy 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.

Secure Energy Services's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Secure Energy Services's Debt-to-Equity distribution charts can be found below:

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

Secure Energy Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Secure Energy 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
	=	(27	+	1075)	/	1186
	=	0.93

Secure Energy Services's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(24	+	395)	/	1468
	=	0.29

Secure Energy Services (TSX:SES) 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.

Secure Energy Services Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Secure Energy Services's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Secure Energy Services (TSX:SES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Secure Energy Services Inc (TSX:SES) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SECYF:USA SEP:Germany

Address

2300, 225 - 6th Avenue SW, Calgary, AB, CAN, T2P 1N2

Website

https://www.secure-energy.com

Secure Energy Services Inc provides fluids and solids solutions to the oil and gas industry. It operates in two segments: Midstream Infrastructure and Environmental and Fluid Management. Midstream Infrastructure owns and operates a network of facilities throughout western Canada, North Dakota, and Oklahoma. These facilities provide processing, storing, shipping, and marketing of crude oil; the processing of waste; and water treatment and disposal. The Environmental and Fluid Management segment includes a network of landfill disposal facilities; onsite abandonment, remediation, and reclamation management; a suite of comprehensive environmental management solutions. The company's geographical segments are Canada and the United States.

Executives

James Darryl Anderson

Senior Officer