High Arctic Energy Services Inc

High Arctic Energy Services Incverified

HGHAF

Price:

$0.86

Market Cap:

$14.97M

High Arctic Energy Services Inc., an oilfield services company, provides oilfield services to exploration and production companies in Canada and Papua New Guinea. The company operates through three segments: Drilling Services, Production Services, and Ancillary Services. It offers snubbing services, including foothills standalone snubbing system for completions and workovers; hydraulic workover units, such as a patented L-Frame equipment configuration; rig assist snubbing unit, a truck-mounted hydraulic system to manage underbalanced wellbore conditions; and power tower to install a snubbing unit and blowout preventers in one lift. The company also rents oilfield equipment comprising accumul...[Read more]

Industry

Oil & Gas Equipment & Services

IPO Date

2014-10-10

Stock Exchange

PNK

Ticker

HGHAF

The Current Ratio as of November 2024 (TTM) for High Arctic Energy Services Inc (HGHAF) is 1.92

According to High Arctic Energy Services Inc’s latest financial reports and current stock price. The company's current Current Ratio is 1.92. This represents a change of -54.81% compared to the average of 4.25 of the last 4 quarters.

High Arctic Energy Services Inc (HGHAF) Historical Current Ratio (quarterly & annually)

How has HGHAF Current Ratio performed in the past?

The mean historical Current Ratio of High Arctic Energy Services Inc over the last ten years is 3.55. The current 1.92 Current Ratio has changed 5.30% with respect to the historical average. Over the past ten years (40 quarters), HGHAF's Current Ratio was at its highest in in the March 2023 quarter at 7.07. The Current Ratio was at its lowest in in the September 2016 quarter at 1.19.

Quarterly (TTM)
Annual

Average

3.55

Median

3.11

Minimum

1.46

Maximum

7.06

High Arctic Energy Services Inc (HGHAF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of High Arctic Energy Services Inc 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 = 140.92%

Maximum Annual Current Ratio = 7.06

Minimum Annual Increase = -42.26%

Minimum Annual Current Ratio = 1.46

Quarterly (TTM)
Annual
YearCurrent RatioChange
20234.83-31.58%
20227.06140.92%
20212.93-42.26%
20205.07111.97%
20192.39-29.75%
20183.413.40%
20173.29125.59%
20161.46-35.46%
20152.26-20.29%
20142.84-14.35%

High Arctic Energy Services Inc (HGHAF) Average Current Ratio

How has HGHAF Current Ratio performed in the past?

The current Current Ratio of High Arctic Energy Services Inc (HGHAF) 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

4.94

5-year avg

4.46

10-year avg

3.55

High Arctic Energy Services Inc (HGHAF) Current Ratio vs. Peers

How is HGHAF’s Current Ratio compared to its peers?

High Arctic Energy Services Inc’s Current Ratio is less than TerraVest Industries Inc. (2.32), less than Enterprise Group, Inc. (3.85), greater than Total Energy Services Inc. (1.40), less than Trican Well Service Ltd. (2.62), less than Koil Energy Solutions, Inc. (1.99), greater than STEP Energy Services Ltd. (1.39), greater than Source Energy Services Ltd. (0.61), less than CES Energy Solutions Corp. (0), less than Shawcor Ltd. (2.82), less than Forum Energy Technologies, Inc. (2.28), less than NOW Inc. (1.93), less than null (2.54),

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