Western Energy Services Corp. (WRG) - Net Assets
Based on the latest financial reports, Western Energy Services Corp. (WRG) has net assets worth CA$265.45 Million CAD (≈ $192.02 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$378.65 Million ≈ $273.91 Million USD) and total liabilities (CA$113.20 Million ≈ $81.89 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. Check WRG financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$265.45 Million |
| % of Total Assets | 70.1% |
| Annual Growth Rate | 24.42% |
| 5-Year Change | 42.33% |
| 10-Year Change | -34.81% |
| Growth Volatility | 427.21 |
Western Energy Services Corp. - Net Assets Trend (1999–2025)
This chart illustrates how Western Energy Services Corp.'s net assets have evolved over time, based on quarterly financial data. Also explore Western Energy Services Corp. assets under control for the complete picture of this company's asset base.
Annual Net Assets for Western Energy Services Corp. (1999–2025)
The table below shows the annual net assets of Western Energy Services Corp. from 1999 to 2025. For live valuation and market cap data, see market value of Western Energy Services Corp..
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$265.45 Million ≈ $192.02 Million |
-10.28% |
| 2024-12-31 | CA$295.85 Million ≈ $214.01 Million |
+0.06% |
| 2023-12-31 | CA$295.67 Million ≈ $213.88 Million |
-2.27% |
| 2022-12-31 | CA$302.53 Million ≈ $218.85 Million |
+62.21% |
| 2021-12-31 | CA$186.50 Million ≈ $134.91 Million |
-16.17% |
| 2020-12-31 | CA$222.47 Million ≈ $160.93 Million |
-16.71% |
| 2019-12-31 | CA$267.09 Million ≈ $193.21 Million |
-24.51% |
| 2018-12-31 | CA$353.80 Million ≈ $255.93 Million |
-8.38% |
| 2017-12-31 | CA$386.15 Million ≈ $279.34 Million |
-5.17% |
| 2016-12-31 | CA$407.21 Million ≈ $294.57 Million |
-13.67% |
| 2015-12-31 | CA$471.70 Million ≈ $341.22 Million |
-21.54% |
| 2014-12-31 | CA$601.20 Million ≈ $434.90 Million |
+6.71% |
| 2013-12-31 | CA$563.42 Million ≈ $407.57 Million |
+23.89% |
| 2012-12-31 | CA$454.79 Million ≈ $328.99 Million |
+9.77% |
| 2011-12-31 | CA$414.32 Million ≈ $299.72 Million |
+121.18% |
| 2010-12-31 | CA$187.32 Million ≈ $135.51 Million |
+2219.20% |
| 2009-12-31 | CA$8.08 Million ≈ $5.84 Million |
+8.09% |
| 2008-12-31 | CA$7.47 Million ≈ $5.41 Million |
-21.39% |
| 2007-12-31 | CA$9.51 Million ≈ $6.88 Million |
+22.59% |
| 2006-12-31 | CA$7.75 Million ≈ $5.61 Million |
+19.64% |
| 2005-12-31 | CA$6.48 Million ≈ $4.69 Million |
+80.19% |
| 2004-12-31 | CA$3.60 Million ≈ $2.60 Million |
+271.99% |
| 2003-12-31 | CA$966.88K ≈ $699.43K |
+29.17% |
| 2002-12-31 | CA$748.51K ≈ $541.46K |
-16.14% |
| 2001-12-31 | CA$892.53K ≈ $645.64K |
+3.74% |
| 2000-12-31 | CA$860.38K ≈ $622.38K |
-4.93% |
| 1999-12-31 | CA$904.97K ≈ $654.64K |
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Equity Component Analysis
This analysis shows how different components contribute to Western Energy Services Corp.'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 30645219600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$521.60 Million | 198.19% |
| Other Comprehensive Income | CA$29.07 Million | 11.05% |
| Other Components | CA$20.34 Million | 7.73% |
| Total Equity | CA$263.19 Million | 100.00% |
Western Energy Services Corp. Competitors by Market Cap
The table below lists competitors of Western Energy Services Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ildong Holdings Co Ltd
KO:000230
|
$76.14 Million |
|
Blue Lagoon Resources Inc
F:7BL
|
$76.21 Million |
|
Alpine Select AG
SW:ALPN
|
$76.22 Million |
|
Nurminen Logistics Oyj
HE:NLG1V
|
$76.26 Million |
|
Dish TV India Limited
NSE:DISHTV
|
$76.07 Million |
|
Autopistas del Sol
BA:AUSO
|
$76.06 Million |
|
Huang Long Development Co Ltd
TWO:3512
|
$76.06 Million |
|
Aviv Arlon Ltd
TA:AVLN
|
$76.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Western Energy Services Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 293,621,000 to 263,187,000, a change of -30,434,000 (-10.4%).
- Net loss of 25,998,000 reduced equity.
- Other comprehensive income decreased equity by 3,595,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-26.00 Million | -9.88% |
| Other Comprehensive Income | CA$-3.60 Million | -1.37% |
| Other Changes | CA$-841.00K | -0.32% |
| Total Change | CA$- | -10.37% |
Book Value vs Market Value Analysis
This analysis compares Western Energy Services Corp.'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: 0.40x
- 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 increased from 0.01x to 0.40x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | CA$362.42 | CA$3.11 | x |
| 2000-12-31 | CA$263.19 | CA$3.11 | x |
| 2001-12-31 | CA$235.81 | CA$3.11 | x |
| 2002-12-31 | CA$197.76 | CA$3.11 | x |
| 2003-12-31 | CA$178.26 | CA$3.11 | x |
| 2004-12-31 | CA$354.71 | CA$3.11 | x |
| 2005-12-31 | CA$254.34 | CA$3.11 | x |
| 2006-12-31 | CA$194.64 | CA$3.11 | x |
| 2007-12-31 | CA$197.02 | CA$3.11 | x |
| 2008-12-31 | CA$112.73 | CA$3.11 | x |
| 2009-12-31 | CA$12.95 | CA$3.11 | x |
| 2010-12-31 | CA$81.32 | CA$3.11 | x |
| 2011-12-31 | CA$81.77 | CA$3.11 | x |
| 2012-12-31 | CA$79.11 | CA$3.11 | x |
| 2013-12-31 | CA$85.17 | CA$3.11 | x |
| 2014-12-31 | CA$84.09 | CA$3.11 | x |
| 2015-12-31 | CA$66.92 | CA$3.11 | x |
| 2016-12-31 | CA$58.19 | CA$3.11 | x |
| 2017-12-31 | CA$52.39 | CA$3.11 | x |
| 2018-12-31 | CA$40.39 | CA$3.11 | x |
| 2019-12-31 | CA$30.41 | CA$3.11 | x |
| 2020-12-31 | CA$25.62 | CA$3.11 | x |
| 2021-12-31 | CA$242.31 | CA$3.11 | x |
| 2022-12-31 | CA$12.75 | CA$3.11 | x |
| 2023-12-31 | CA$8.67 | CA$3.11 | x |
| 2024-12-31 | CA$8.68 | CA$3.11 | x |
| 2025-12-31 | CA$7.78 | CA$3.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Western Energy Services Corp. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -9.88%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -11.95%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 1.44x
- Recent ROE (-9.88%) is above the historical average (-24.43%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | -87.69% | 0.00% | 0.00x | 1.25x | CA$-884.02K |
| 2000 | -37.12% | 0.00% | 0.00x | 1.36x | CA$-405.37K |
| 2001 | -24.97% | 0.00% | 0.00x | 1.34x | CA$-312.10K |
| 2002 | -37.66% | 0.00% | 0.00x | 1.50x | CA$-356.71K |
| 2003 | -24.85% | 0.00% | 0.00x | 1.24x | CA$-336.91K |
| 2004 | -33.14% | -167.52% | 0.08x | 2.42x | CA$-1.55 Million |
| 2005 | -53.81% | -43.34% | 0.71x | 1.74x | CA$-4.14 Million |
| 2006 | -41.56% | -22.82% | 0.74x | 2.45x | CA$-4.00 Million |
| 2007 | -47.61% | -29.77% | 0.57x | 2.83x | CA$-5.48 Million |
| 2008 | -80.16% | -47.05% | 0.57x | 3.00x | CA$-6.74 Million |
| 2009 | -105.22% | -150.53% | 0.46x | 1.51x | CA$-9.31 Million |
| 2010 | 14.44% | 40.05% | 0.26x | 1.41x | CA$8.32 Million |
| 2011 | 15.63% | 24.66% | 0.42x | 1.50x | CA$23.31 Million |
| 2012 | 9.93% | 14.64% | 0.41x | 1.65x | CA$-301.00K |
| 2013 | 6.25% | 9.24% | 0.39x | 1.76x | CA$-21.09 Million |
| 2014 | 6.04% | 7.13% | 0.48x | 1.76x | CA$-23.71 Million |
| 2015 | -27.58% | -56.88% | 0.26x | 1.87x | CA$-176.35 Million |
| 2016 | -15.31% | -49.86% | 0.16x | 1.96x | CA$-102.55 Million |
| 2017 | -9.77% | -15.76% | 0.31x | 1.98x | CA$-75.93 Million |
| 2018 | -11.67% | -17.37% | 0.35x | 1.90x | CA$-76.24 Million |
| 2019 | -30.54% | -41.26% | 0.36x | 2.07x | CA$-107.56 Million |
| 2020 | -18.70% | -39.83% | 0.21x | 2.24x | CA$-63.38 Million |
| 2021 | -19.41% | -27.20% | 0.29x | 2.47x | CA$-54.26 Million |
| 2022 | 9.65% | 14.47% | 0.42x | 1.58x | CA$-1.06 Million |
| 2023 | -2.46% | -3.09% | 0.53x | 1.51x | CA$-36.54 Million |
| 2024 | -2.44% | -3.21% | 0.52x | 1.47x | CA$-36.52 Million |
| 2025 | -9.88% | -11.95% | 0.57x | 1.44x | CA$-52.32 Million |
Industry Comparison
This section compares Western Energy Services Corp.'s net assets metrics with peer companies in the Oil & Gas Drilling industry.
Industry Context
- Industry: Oil & Gas Drilling
- Average net assets among peers: $458,309,936
- Average return on equity (ROE) among peers: 5.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Western Energy Services Corp. (WRG) | CA$265.45 Million | -87.69% | 0.43x | $76.14 Million |
| ACT Energy Technologies Ltd. (ACX) | $16.38 Million | 20.69% | 0.52x | $162.66 Million |
| Ensign Energy Services Inc (ESI) | $1.46 Billion | -11.17% | 1.37x | $523.66 Million |
| Precision Drilling Corporation (PD) | $696.60 Million | 16.87% | 0.72x | $1.20 Billion |
| PHX Energy Services Corporation (PHX) | $115.09 Million | 15.38% | 1.30x | $392.59 Million |
| Stampede Drilling Inc (SDI) | $457.52K | -13.26% | 0.03x | $30.37 Million |
About Western Energy Services Corp.
Western Energy Services Corp. operates as an oilfield service company in Canada and the United States. It operates through Contract Drilling and Production Services segments. The Contract Drilling segment provides contract drilling services using drilling rigs and auxiliary equipment. Its Production Services segment offers well servicing and related equipment, as well as rental equipment services… Read more