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Oil Well Services & Equipment Industry Financial Strength Information

Financial Strength Information & Trends  
 


Category:   Period:  

Oil Well Services & Equipment Industry 3 Q 2 Q 1 Q 4 Q 3 Q
  2023 2023 2023 2022 2022
Quick Ratio (TTM) 0.62 0.64 0.62 0.65 0.74
Quick Ratio Ranking # 27 # 26 # 24 # 29 # 25
Working Capital Ratio (TTM) 1.63 1.61 1.57 1.53 1.76
Working Capital Ratio Ranking # 30 # 36 # 33 # 41 # 34
Working Capital Per Revenue 0.17 0.17 0.17 0.19 0.23
Working Capital Per Revenue Ranking # 70 # 69 # 74 # 68 # 76
Leverage Ratio (TTM) 1.01 1.03 1.1 1.05 1.04
Leverage Ratio Ranking # 14 # 16 # 17 # 14 # 15
Total Debt to Equity (TTM) 0.63 0.64 0.7 0.67 0.66
Total Debt to Equity Ranking # 33 # 36 # 40 # 52 # 40
Interest Coverage (TTM) 2.48 2.77 2.74 2.24 -
Interest Coverage Ranking # 79 # 84 # 90 # 94 # 104
Debt Coverage (TTM) 0.26 0.27 0.25 0.19 -
Debt Coverage Ranking # 64 # 63 # 72 # 98 # 106


Quick Ratio Comment
On the trailing twelve months basis Due to increase in Current Liabilities in the 3 Q 2023, Quick Ratio fell to 0.62 below Oil Well Services & Equipment Industry average.



Within Energy sector only one Industry has accomplished higher Quick Ratio. Quick Ratio total ranking fell in contrast to the previous quarter from 26 to 27.

Note, Numbers include only companies who have reported earnings results. Numbers change as more businesses report financial results. See the full List.

Quick Ratio Statistics as of 3 Q 2023
High Average Low
4.95 0.66 0.21
1. quarter 2016   3. quarter 2020

Quick Ratio Industry Ranking
Within: No.
Sector # 2
Overall # 27


Other Quick Ratios
Compare Industry's quick ratio to Aent's or S&P Constituent list of Oil Well Services & Equipment Industry
Highest Ranking Quick Ratios Lowest Ranking Quick Ratios
Quick Ratios for AENT's Competitors Definiton of Quick Ratio


Oil Well Services & Equipment Industry Working Capital Ratio Statistics as of 3 Q 2023
 



Working Capital Ratio Statistics as of 3 Q 2023
High Average Low
2.46 1.93 1.53
4. quarter 2017   4. quarter 2022



Working Capital Ratio Comment
On the trailing twelve months basis Oil Well Services & Equipment Industry's Current Assets grew by 4.15 % in the 3 Q 2023 sequentially, faster than Current Liabilities, this led to improvement in Industry's Working Capital Ratio to 1.63 in the 3 Q 2023, Working Capital Ratio remained below Oil Well Services & Equipment Industry average.



Within Energy sector only one Industry has achieved higher Working Capital Ratio. Working Capital Ratio total ranking has improved to 30, from total ranking in previous quarter at 36.



Working Capital Ratio Industry Ranking
Within: No.
Sector # 2
Overall # 30

Other Working Capital Ratios
Highest Ranking Working Capital Ratios Lowest Ranking Working Capital Ratios
Compare Industry's Working Capital ratio to Aent's or S&P Constituent list of Oil Well Services & Equipment Industry
Working Capital ratios for AENT's Competitors Definiton of Working Capital Ratio

Oil Well Services & Equipment Industry Working Capital Per Revenue Statistics as of 3 Q 2023
 
Working Capital Per Revenue Comment
On the trailing twelve months basis Working Capital Per Revenue was unchanged from the previous quarter at 0.17 in the 3 Q 2023



Within Energy sector 4 other industries have achieved lower Working Capital Per Revenue. Working Capital Per Revenue total ranking fell in contrast to the preceding quarter from 69 to 70.




Working Capital Per Revenue Statistics as of 3 Q 2023
High Average Low
0.44 0.26 0.06
1. quarter 2017   1. quarter 2016


Working Capital Per Revenue Industry Ranking
Within: No.
Sector # 5
Overall # 70



Other Working Capital Per Revenue
Compare Industry's Working Capital Per Revenue to Aent's or S&P Constituent list of Oil Well Services & Equipment Industry
Return On Assets for Oil Well Services & Equipment Industry Definiton of Working Capital Per Revenue



Oil Well Services & Equipment Industry Leverage Ratio Statistics as of 3 Q 2023
 


Leverage Ratio Statistics as of 3 Q 2023
High Average Low
1.36 0.95 -0.62
4. quarter 2020   1. quarter 2016



Leverage Ratio Comment
Despite net new borrowings of 3.99% Industry managed to improve Liabilities to Equity ratio in 3 Q 2023 to 1.01, above Oil Well Services & Equipment Industry average.



In the Energy sector only one Industry has achieved lower Leverage Ratio.



Leverage Ratio total ranking has improved so far to 14, from overall ranking in the previous quarter at 16.



Leverage Ratio Industry Ranking
Within: No.
Sector # 2
Overall # 14

Other Leverage Ratios
Compare Industry's Leverage ratio to Aent's or S&P Bond Interest rates
Highest Ranking Leverage Ratios Lowest Ranking Leverage Ratios
Leverage Ratios for AENT's Competitors What is Leverage Ratio?


Oil Well Services & Equipment Industry Total Debt to Equity Ratio Statistics as of 3 Q 2023
 
Debt to Equity Ratio Comment
Despite net new borrowings of 3.61% Industry managed to improve Total Debt to Equity in 3 Q 2023 to 0.63, above Industry average.



Within Energy sector 3 other industries have achieved lower Debt to Equity Ratio. Debt to Equity Ratio total ranking has improved so far to 33, from total ranking in previous quarter at 36.




Debt to Equity Ratio Statistics as of 3 Q 2023
High Average Low
0.7 0.19 0
1. quarter 2023   1. quarter 2019



Debt to Equity Industry Ranking
Within: No.
Sector # 4
Overall # 33

Other Debt to Equity Ratios
Highest Ranking Debt to Equity Ratios Lowest Ranking Debt to Equity Ratios
Compare Industry's Debt to Equity ratio to Aent's or S&P Definiton of Debt to Equity Ratio

Oil Well Services & Equipment Industry Interest Coverage Ratio Statistics as of 3 Q 2023
 


Interest Coverage Ratio Statistics as of 3 Q 2023
High Average Low
18.82 0.85 -21.14
3. quarter 2014   4. quarter 2020

Interest Coverage Ratio Comment
On the trailing twelve months basis Due to increase in interest expenses in 3 Q 2023, Interest Coverage Ratio fell to 2.48 above Oil Well Services & Equipment Industry average.



In the Energy sector 4 other industries have accomplished higher Interest Coverage Ratio. Interest Coverage total ranking has improved so far to 79, from total ranking in previous quarter at 84.



Interest Coverage Ratio Industry Ranking
Within: No.
Sector # 5
Overall # 79

Other Interest Coverage Ratios
Highest Ranking Interest Coverage Ratios Lowest Ranking Interest Coverage Ratios
Compare Industry's Interest Coverage ratio to Aent's or S&P Definiton of Interest Coverage Ratio


Oil Well Services & Equipment Industry Debt Coverage Statistics as of 3 Q 2023
 
Debt Coverage Ratio Comment
On the trailing twelve months basis Due to increase in total debt in 3 Q 2023, Debt Coverage Ratio fell to 0.26 below Oil Well Services & Equipment Industry average.



Looking into Energy sector 3 other industries have achieved higher debt coverage ratio. Debt Coverage Ratio total ranking has declined from the preceding period from 63 to 64.




Debt Coverage Statistics as of 3 Q 2023
High Average Low
35.17 1.53 -18.68
2. quarter 2019   1. quarter 2020



Debt Coverage Industry Ranking
Within: No.
Sector # 4
Overall # 64

Other Debt Coverage Ratios
Highest Ranking Debt Coverage Ratios Lowest Ranking Debt Coverage Ratios
See also Oil Well Services & Equipment Industry's Margin Definiton of Debt Coverage Ratio

Date modified: 2023-11-28T11:36:07+00:00



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