Essential Energy Services Ltd.

Essential Energy Services Ltd.verified

ESN.TO

Price:

$0.395

Market Cap:

$49.57M

Essential Energy Services Ltd., together with its subsidiaries, provides oilfield services to oil and gas exploration and production companies. The company operates in two segments, Essential Coil Well Service (ECWS) and Tryton Tool Services (Tryton). The ECWS segment offers completion, production, and workover services with its fleet of coil tubing rigs, and fluid and nitrogen pumpers, as well as ancillary equipment. As of December 31, 2021, its fleet included 25 coil tubing rigs, 13 fluid pumpers, and six nitrogen pumpers. The Tryton segment provides a range of downhole tool and rental services for completion, production, and wellsite restoration of oil and natural gas wells, including hor...[Read more]

Industry

Oil & Gas Equipment & Services

IPO Date

2008-07-24

Stock Exchange

TSX

Ticker

ESN.TO

The Current Ratio as of November 2024 (TTM) for Essential Energy Services Ltd. (ESN.TO) is 3.42

According to Essential Energy Services Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 3.42. This represents a change of 7.93% compared to the average of 3.17 of the last 4 quarters.

Essential Energy Services Ltd. (ESN.TO) Historical Current Ratio (quarterly & annually)

How has ESN.TO Current Ratio performed in the past?

The mean historical Current Ratio of Essential Energy Services Ltd. over the last ten years is 3.42. The current 3.42 Current Ratio has changed 9.88% with respect to the historical average. Over the past ten years (40 quarters), ESN.TO's Current Ratio was at its highest in in the June 2020 quarter at 6.23. The Current Ratio was at its lowest in in the December 2013 quarter at 2.04.

Quarterly (TTM)
Annual

Average

3.42

Median

3.18

Minimum

2.04

Maximum

4.42

Essential Energy Services Ltd. (ESN.TO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Essential Energy Services Ltd. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 54.37%

Maximum Annual Current Ratio = 4.42

Minimum Annual Increase = -31.85%

Minimum Annual Current Ratio = 2.04

Quarterly (TTM)
Annual
YearCurrent RatioChange
20223.105.78%
20212.93-31.85%
20204.3012.22%
20193.83-13.38%
20184.4246.03%
20173.03-5.95%
20163.22-23.35%
20154.2033.75%
20143.1454.37%
20132.04-20.14%

Essential Energy Services Ltd. (ESN.TO) Average Current Ratio

How has ESN.TO Current Ratio performed in the past?

The current Current Ratio of Essential Energy Services Ltd. (ESN.TO) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

3.44

5-year avg

3.72

10-year avg

3.42

Essential Energy Services Ltd. (ESN.TO) Current Ratio vs. Peers

How is ESN.TO’s Current Ratio compared to its peers?

Essential Energy Services Ltd.’s Current Ratio is greater than Western Energy Services Corp. (1.59), greater than Cathedral Energy Services Ltd. (1.46), greater than High Arctic Energy Services Inc (1.92), greater than CES Energy Solutions Corp. (3.18), greater than PHX Energy Services Corp. (1.62),

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