Trican Well Service Ltd. Net Assets

Latest as of December 2025: CA$695.85 Million CAD ≈ $503.37 Million USD

Trican Well Service Ltd. net assets. Based on the latest financial reports, Trican Well Service Ltd. (TCW) has net assets worth CA$695.85 Million CAD (≈ $503.37 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 (CA$1.01 Billion ≈ $733.31 Million USD) and total liabilities (CA$317.87 Million ≈ $229.94 Million USD). 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. Also explore Trican Well Service Ltd. equity growth rate to track the company's year-over-year net asset growth rate.

Key Net Assets Metrics

Metric Value
Current Net Assets CA$695.85 Million
% of Total Assets 68.64%
Annual Growth Rate 15.37%
5-Year Change 42.18%
10-Year Change 22.57%
Growth Volatility 37.04

Net Assets of Trican Well Service Ltd. (1996–2025)

Net assets of Trican Well Service Ltd. from 1996 to 2025. This chart illustrates how Trican Well Service Ltd.'s net assets have evolved over time, based on quarterly financial data. See net asset quality index of Trican Well Service Ltd. to measure how much of total assets are equity-financed.

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. For live market cap and overall valuation, see TCW market cap.

Year Net Assets Change
2025-12-31 CA$695.85 Million
≈ $503.37 Million		 +42.48%
2024-12-31 CA$488.39 Million
≈ $353.30 Million		 -5.55%
2023-12-31 CA$517.07 Million
≈ $374.04 Million		 +2.46%
2022-12-31 CA$504.67 Million
≈ $365.07 Million		 +3.12%
2021-12-31 CA$489.40 Million
≈ $354.02 Million		 -0.58%
2020-12-31 CA$492.27 Million
≈ $356.10 Million		 -33.58%
2019-12-31 CA$741.11 Million
≈ $536.11 Million		 -12.21%
2018-12-31 CA$844.14 Million
≈ $610.64 Million		 -28.22%
2017-12-31 CA$1.18 Billion
≈ $850.74 Million		 +107.15%
2016-12-31 CA$567.72 Million
≈ $410.68 Million		 +2.85%
2015-12-31 CA$552.00 Million
≈ $399.31 Million		 -57.08%
2014-12-31 CA$1.29 Billion
≈ $930.44 Million		 -4.76%
2013-12-31 CA$1.35 Billion
≈ $976.93 Million		 -1.85%
2012-12-31 CA$1.38 Billion
≈ $995.32 Million		 +0.76%
2011-12-31 CA$1.37 Billion
≈ $987.82 Million		 +35.38%
2010-12-31 CA$1.01 Billion
≈ $729.65 Million		 +55.78%
2009-12-31 CA$647.49 Million
≈ $468.38 Million		 -10.11%
2008-12-31 CA$720.34 Million
≈ $521.08 Million		 +3.79%
2007-12-31 CA$694.05 Million
≈ $502.06 Million		 +28.25%
2006-12-31 CA$541.19 Million
≈ $391.49 Million		 +49.51%
2005-12-31 CA$361.98 Million
≈ $261.85 Million		 +62.22%
2004-12-31 CA$223.15 Million
≈ $161.42 Million		 +37.78%
2003-12-31 CA$161.96 Million
≈ $117.16 Million		 +31.22%
2002-12-31 CA$123.42 Million
≈ $89.28 Million		 +33.30%
2001-12-31 CA$92.59 Million
≈ $66.98 Million		 +32.74%
2000-12-31 CA$69.75 Million
≈ $50.46 Million		 +39.51%
1999-12-31 CA$50.00 Million
≈ $36.17 Million		 +48.81%
1998-12-31 CA$33.60 Million
≈ $24.31 Million		 +45.45%
1997-12-31 CA$23.10 Million
≈ $16.71 Million		 +110.00%
1996-12-31 CA$11.00 Million
≈ $7.96 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 8567.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Trican Well Service Ltd. Net Assets Breakdown (December 2025)

Trican Well Service Ltd. net assets breakdown by equity component as of December 2025.

Component Amount Percentage
Common Stock CA$831.08 Million 119.43%
Other Components CA$67.98 Million 9.77%
Total Equity CA$695.85 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
Anadolu Anonim Turk Sigorta Sti
IS:ANSGR
 $981.01 Million
INVEX Controladora S.A.B. de C.V
MX:INVEXA
 $981.38 Million
thyssenkrupp nucera AG & Co. KGaA
XETRA:NCH2
 $981.47 Million
Allied Machinery Co. Ltd.
SHG:605060
 $981.55 Million
EnTie Commercial Bank Ltd
TW:2849
 $980.64 Million
EMTEK (Shenzhen) Co. Ltd.
SHE:300938
 $980.62 Million
Shandong Oriental Ocean Sci-Tech Co Ltd
SHE:002086
 $980.36 Million
Beijing Sanyuan Foods Co Ltd
SHG:600429
 $980.32 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 695,850,000, a change of 207,456,000 (42.5%).
  • Net income of 112,194,000 contributed positively to equity growth.
  • Dividend payments of 41,595,000 reduced retained earnings.
  • Share repurchases of 54,659,000 reduced equity.
  • Other factors increased equity by 191,516,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income CA$112.19 Million +16.12%
Dividends Paid CA$41.59 Million -5.98%
Share Repurchases CA$54.66 Million -7.85%
Other Changes CA$191.52 Million +27.52%
Total Change CA$- 42.48%

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: 1.81x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 28.15x to 1.81x 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 CA$0.23 CA$6.45 x
1997-12-31 CA$0.40 CA$6.45 x
1998-12-31 CA$0.47 CA$6.45 x
1999-12-31 CA$0.59 CA$6.45 x
2000-12-31 CA$0.73 CA$6.45 x
2001-12-31 CA$0.94 CA$6.45 x
2002-12-31 CA$1.17 CA$6.45 x
2003-12-31 CA$1.43 CA$6.45 x
2004-12-31 CA$1.95 CA$6.45 x
2005-12-31 CA$3.05 CA$6.45 x
2006-12-31 CA$4.51 CA$6.45 x
2007-12-31 CA$5.54 CA$6.45 x
2008-12-31 CA$5.77 CA$6.45 x
2009-12-31 CA$5.15 CA$6.45 x
2010-12-31 CA$7.28 CA$6.45 x
2011-12-31 CA$9.28 CA$6.45 x
2012-12-31 CA$9.37 CA$6.45 x
2013-12-31 CA$9.05 CA$6.45 x
2014-12-31 CA$8.61 CA$6.45 x
2015-12-31 CA$3.72 CA$6.45 x
2016-12-31 CA$3.30 CA$6.45 x
2017-12-31 CA$4.13 CA$6.45 x
2018-12-31 CA$2.62 CA$6.45 x
2019-12-31 CA$2.57 CA$6.45 x
2020-12-31 CA$1.87 CA$6.45 x
2021-12-31 CA$1.90 CA$6.45 x
2022-12-31 CA$2.05 CA$6.45 x
2023-12-31 CA$2.33 CA$6.45 x
2024-12-31 CA$2.40 CA$6.45 x
2025-12-31 CA$3.55 CA$6.45 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 CA$-700.00K
1997 9.52% 7.83% 0.75x 1.63x CA$-110.00K
1998 5.36% 4.56% 0.82x 1.44x CA$-1.56 Million
1999 9.60% 7.77% 0.87x 1.43x CA$-200.00K
2000 21.24% 11.32% 1.00x 1.87x CA$7.84 Million
2001 23.62% 12.00% 1.11x 1.77x CA$12.61 Million
2002 9.25% 7.00% 0.80x 1.65x CA$-912.00K
2003 22.54% 12.56% 1.13x 1.59x CA$20.01 Million
2004 32.20% 17.55% 1.17x 1.57x CA$49.41 Million
2005 36.48% 20.55% 1.20x 1.48x CA$95.62 Million
2006 31.97% 20.36% 1.14x 1.38x CA$118.59 Million
2007 16.36% 13.37% 0.80x 1.53x CA$43.45 Million
2008 -9.78% -6.93% 0.82x 1.71x CA$-142.35 Million
2009 -1.32% -1.05% 0.79x 1.59x CA$-73.23 Million
2010 15.03% 10.26% 1.02x 1.44x CA$50.75 Million
2011 24.80% 14.66% 1.04x 1.62x CA$202.10 Million
2012 3.90% 2.42% 0.92x 1.74x CA$-83.81 Million
2013 -3.40% -2.17% 0.88x 1.79x CA$-180.55 Million
2014 -0.39% -0.19% 1.07x 1.97x CA$-133.57 Million
2015 -148.53% -69.22% 0.91x 2.37x CA$-877.78 Million
2016 -5.19% -9.08% 0.36x 1.61x CA$-86.43 Million
2017 1.21% 1.53% 0.62x 1.28x CA$-103.40 Million
2018 -27.56% -25.83% 0.87x 1.23x CA$-317.07 Million
2019 -9.64% -11.23% 0.69x 1.25x CA$-145.55 Million
2020 -47.40% -58.77% 0.70x 1.14x CA$-282.54 Million
2021 2.46% 2.14% 0.97x 1.18x CA$-36.88 Million
2022 15.70% 9.14% 1.29x 1.33x CA$28.75 Million
2023 23.40% 12.44% 1.37x 1.37x CA$69.30 Million
2024 22.42% 11.16% 1.44x 1.40x CA$60.64 Million
2025 16.12% 10.23% 1.08x 1.46x CA$42.61 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: $273,970,481
  • Average return on equity (ROE) among peers: -99.94%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Trican Well Service Ltd. (TCW) CA$695.85 Million 3.64% 0.46x $980.75 Million
Bri-Chem Corp. (BRY) $589.95K -130.63% 0.25x $4.21 Million
CES Energy Solutions Corp (CEU) $609.05 Million 15.63% 1.32x $3.12 Billion
Calfrac Well Services Ltd. (CFW) $53.40 Million -6.18% 2.89x $530.82 Million
Enterprise Group Inc (E) $7.07 Million -82.00% 0.99x $96.96 Million
Enerflex Ltd. (EFX) $1.35 Billion -1.36% 0.62x $2.31 Billion
HTC Purenergy Inc. (HTC) $4.29 Million -801.86% 1.60x $1.03 Million
High Arctic Energy Services Inc. (HWO) $42.80 Million 29.91% 1.14x $11.02 Million
Mattr Corp (MATR) $583.32 Million 14.98% 0.65x $584.90 Million
Mccoy Global Inc (MCB) $11.90 Million 19.70% 2.01x $49.15 Million
North American Construction Group Ltd (NOA) $73.54 Million -57.54% 6.16x $326.04 Million

About Trican Well Service Ltd.

TO:TCW Canada Oil & Gas Equipment & Services
Market Cap
$980.75 Million
CA$1.36 Billion CAD
Market Cap Rank
#8655 Global
#263 in Canada
Share Price
CA$6.45
Change (1 day)
-0.77%
52-Week Range
CA$5.29 - CA$8.06
All Time High
CA$8.06
Categories
Companies in Canada Oil & Gas Equipment & Services
About

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. The company offers hydraulic fracturing solutions, including slick water and high-viscosity friction reducer and guar alternatives fluid systems, other systems, dissolvable ball seale… Read more