Trican Well Service Ltd.
Trican Well Service Ltd., an equipment services company, provides various products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells in Canada. It offers cementing solutions, including pre-flushes and spacers, cement plugs, lost circulation, cement design, and laboratory solutions, as well as surface, intermediate, production… Read more
Trican Well Service Ltd. (TOLWF) - Net Assets
Latest net assets as of December 2025: $695.28 Million USD
Based on the latest financial reports, Trican Well Service Ltd. (TOLWF) has net assets worth $695.28 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.01 Billion) and total liabilities ($317.61 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $695.28 Million |
| % of Total Assets | 68.64% |
| Annual Growth Rate | 15.37% |
| 5-Year Change | 42.07% |
| 10-Year Change | 22.47% |
| Growth Volatility | 37.04 |
Trican Well Service Ltd. - Net Assets Trend (1996–2025)
This chart illustrates how Trican Well Service Ltd.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Trican Well Service Ltd. (1996–2025)
The table below shows the annual net assets of Trican Well Service Ltd. from 1996 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $695.28 Million | +42.36% |
| 2024-12-31 | $488.39 Million | -5.55% |
| 2023-12-31 | $517.07 Million | +2.46% |
| 2022-12-31 | $504.67 Million | +3.12% |
| 2021-12-31 | $489.40 Million | -0.58% |
| 2020-12-31 | $492.27 Million | -33.58% |
| 2019-12-31 | $741.11 Million | -12.21% |
| 2018-12-31 | $844.14 Million | -28.22% |
| 2017-12-31 | $1.18 Billion | +107.15% |
| 2016-12-31 | $567.72 Million | +2.85% |
| 2015-12-31 | $552.00 Million | -57.08% |
| 2014-12-31 | $1.29 Billion | -4.76% |
| 2013-12-31 | $1.35 Billion | -1.85% |
| 2012-12-31 | $1.38 Billion | +0.76% |
| 2011-12-31 | $1.37 Billion | +35.38% |
| 2010-12-31 | $1.01 Billion | +55.78% |
| 2009-12-31 | $647.49 Million | -10.11% |
| 2008-12-31 | $720.34 Million | +3.79% |
| 2007-12-31 | $694.05 Million | +28.25% |
| 2006-12-31 | $541.19 Million | +49.51% |
| 2005-12-31 | $361.98 Million | +62.22% |
| 2004-12-31 | $223.15 Million | +37.78% |
| 2003-12-31 | $161.96 Million | +31.22% |
| 2002-12-31 | $123.42 Million | +33.30% |
| 2001-12-31 | $92.59 Million | +32.74% |
| 2000-12-31 | $69.75 Million | +39.51% |
| 1999-12-31 | $50.00 Million | +48.81% |
| 1998-12-31 | $33.60 Million | +45.45% |
| 1997-12-31 | $23.10 Million | +110.00% |
| 1996-12-31 | $11.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Trican Well Service Ltd.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 8560.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $830.40 Million | 119.43% |
| Other Components | $67.92 Million | 9.77% |
| Total Equity | $695.28 Million | 100.00% |
Trican Well Service Ltd. Competitors by Market Cap
The table below lists competitors of Trican Well Service Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shaanxi Yanchang Petroleum Chemical Engineering Co Ltd
SHG:600248
|
$531.33 Million |
|
Suzhou Chunqiu Electronic Technology Co Ltd Class A
SHG:603890
|
$531.50 Million |
|
Shandong Sinobioway Biomedicine Co Ltd
SHE:002581
|
$531.87 Million |
|
SP Setia Bhd
KLSE:8664
|
$531.90 Million |
|
Stabilus S.A
PINK:SIUAF
|
$531.30 Million |
|
Compania Nationala de Transport al Energiei Electrice Transelectrica SA
RO:TEL
|
$531.25 Million |
|
Tianjin Port Development Holdings Limited
PINK:TJIPY
|
$531.23 Million |
|
COHANCE
NSE:COHANCE
|
$531.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trican Well Service Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 488,394,000 to 695,282,928, a change of 206,888,928 (42.4%).
- Net income of 112,102,568 contributed positively to equity growth.
- Dividend payments of 41,561,102 reduced retained earnings.
- Share repurchases of 54,614,455 reduced equity.
- Other factors increased equity by 190,961,917.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $112.10 Million | +16.12% |
| Dividends Paid | $41.56 Million | -5.98% |
| Share Repurchases | $54.61 Million | -7.85% |
| Other Changes | $190.96 Million | +27.47% |
| Total Change | $- | 42.36% |
Book Value vs Market Value Analysis
This analysis compares Trican Well Service Ltd.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.81x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 12.57x to 0.81x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | $0.23 | $2.88 | x |
| 1997-12-31 | $0.40 | $2.88 | x |
| 1998-12-31 | $0.47 | $2.88 | x |
| 1999-12-31 | $0.59 | $2.88 | x |
| 2000-12-31 | $0.73 | $2.88 | x |
| 2001-12-31 | $0.94 | $2.88 | x |
| 2002-12-31 | $1.17 | $2.88 | x |
| 2003-12-31 | $1.43 | $2.88 | x |
| 2004-12-31 | $1.95 | $2.88 | x |
| 2005-12-31 | $3.05 | $2.88 | x |
| 2006-12-31 | $4.51 | $2.88 | x |
| 2007-12-31 | $5.54 | $2.88 | x |
| 2008-12-31 | $5.77 | $2.88 | x |
| 2009-12-31 | $5.15 | $2.88 | x |
| 2010-12-31 | $7.28 | $2.88 | x |
| 2011-12-31 | $9.28 | $2.88 | x |
| 2012-12-31 | $9.37 | $2.88 | x |
| 2013-12-31 | $9.05 | $2.88 | x |
| 2014-12-31 | $8.61 | $2.88 | x |
| 2015-12-31 | $3.72 | $2.88 | x |
| 2016-12-31 | $3.30 | $2.88 | x |
| 2017-12-31 | $4.13 | $2.88 | x |
| 2018-12-31 | $2.62 | $2.88 | x |
| 2019-12-31 | $2.57 | $2.88 | x |
| 2020-12-31 | $1.87 | $2.88 | x |
| 2021-12-31 | $1.90 | $2.88 | x |
| 2022-12-31 | $2.05 | $2.88 | x |
| 2023-12-31 | $2.33 | $2.88 | x |
| 2024-12-31 | $2.44 | $2.88 | x |
| 2025-12-31 | $3.55 | $2.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trican Well Service Ltd. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.12%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.23%
- • Asset Turnover: 1.08x
- • Equity Multiplier: 1.46x
- Recent ROE (16.12%) is above the historical average (3.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 3.64% | 4.60% | 0.69x | 1.15x | $-700.00K |
| 1997 | 9.52% | 7.83% | 0.75x | 1.63x | $-110.00K |
| 1998 | 5.36% | 4.56% | 0.82x | 1.44x | $-1.56 Million |
| 1999 | 9.60% | 7.77% | 0.87x | 1.43x | $-200.00K |
| 2000 | 21.24% | 11.32% | 1.00x | 1.87x | $7.84 Million |
| 2001 | 23.62% | 12.00% | 1.11x | 1.77x | $12.61 Million |
| 2002 | 9.25% | 7.00% | 0.80x | 1.65x | $-912.00K |
| 2003 | 22.54% | 12.56% | 1.13x | 1.59x | $20.01 Million |
| 2004 | 32.20% | 17.55% | 1.17x | 1.57x | $49.41 Million |
| 2005 | 36.48% | 20.55% | 1.20x | 1.48x | $95.62 Million |
| 2006 | 31.97% | 20.36% | 1.14x | 1.38x | $118.59 Million |
| 2007 | 16.36% | 13.37% | 0.80x | 1.53x | $43.45 Million |
| 2008 | -9.78% | -6.93% | 0.82x | 1.71x | $-142.35 Million |
| 2009 | -1.32% | -1.05% | 0.79x | 1.59x | $-73.23 Million |
| 2010 | 14.91% | 10.17% | 1.02x | 1.44x | $49.50 Million |
| 2011 | 24.81% | 14.66% | 1.04x | 1.62x | $202.17 Million |
| 2012 | 3.90% | 2.42% | 0.92x | 1.74x | $-83.81 Million |
| 2013 | -3.40% | -2.17% | 0.88x | 1.79x | $-180.55 Million |
| 2014 | -0.39% | -0.19% | 1.07x | 1.97x | $-133.57 Million |
| 2015 | -148.53% | -69.22% | 0.91x | 2.37x | $-877.78 Million |
| 2016 | -5.19% | -9.08% | 0.36x | 1.61x | $-86.43 Million |
| 2017 | 1.21% | 1.53% | 0.62x | 1.28x | $-103.40 Million |
| 2018 | -27.56% | -25.83% | 0.87x | 1.23x | $-317.07 Million |
| 2019 | -9.64% | -11.23% | 0.69x | 1.25x | $-145.55 Million |
| 2020 | -47.40% | -58.77% | 0.70x | 1.14x | $-282.54 Million |
| 2021 | 2.46% | 2.14% | 0.97x | 1.18x | $-36.88 Million |
| 2022 | 15.70% | 9.14% | 1.29x | 1.33x | $28.75 Million |
| 2023 | 23.40% | 12.44% | 1.37x | 1.37x | $69.30 Million |
| 2024 | 22.42% | 11.16% | 1.44x | 1.40x | $60.64 Million |
| 2025 | 16.12% | 10.23% | 1.08x | 1.46x | $42.57 Million |
Industry Comparison
This section compares Trican Well Service Ltd.'s net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $5,464,315,253
- Average return on equity (ROE) among peers: -34.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trican Well Service Ltd. (TOLWF) | $695.28 Million | 3.64% | 0.46x | $531.32 Million |
| ProFrac Holding Corp. (ACDC) | $1.33 Billion | -7.35% | 1.31x | $222.04 Million |
| Atlas Energy Solutions Inc. (AESI) | $867.82 Million | 18.44% | 0.45x | $1.34 Billion |
| Akastor ASA (AKKVF) | $13.55 Billion | 9.27% | 2.55x | $54.21 Million |
| Andatee China Marine Fuel Services (AMCF) | $18.84 Million | 34.05% | 1.21x | $0.98 |
| Archrock Inc (AROC) | $2.23 Billion | -42.52% | 1.73x | $6.15 Billion |
| Anton Oilfield Services Group (ATONY) | $2.15 Billion | -9.22% | 2.02x | $381.63 Million |
| Auri Inc (AURI) | $-2.74 Million | 0.00% | 0.00x | $1.91 |
| Baker Hughes Co (BKR) | $34.50 Billion | 0.37% | 0.55x | $56.21 Billion |
| Kbridge Energy Corp (BMMCF) | $-341.75K | 0.00% | 0.00x | $880.54 |
| Bri-Chem Corp (BRYFF) | $131.44K | -348.83% | 2.61x | $4.32 Million |