Western Energy Services Corp
Western Energy Services Corp. operates as an oilfield service company in Canada and the United States. It operates through two segments, Contract Drilling and Production Services segments. The Contract Drilling segment provides contract drilling services using drilling rigs and auxiliary equipment. The Production Services segment offers well servicing rig and related equipment, as well as rental … Read more
Western Energy Services Corp (WEEEF) - Total Assets
Latest total assets as of September 2025: $406.52 Million USD
Based on the latest financial reports, Western Energy Services Corp (WEEEF) holds total assets worth $406.52 Million USD as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Western Energy Services Corp - Total Assets Trend (1999–2024)
This chart illustrates how Western Energy Services Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Western Energy Services Corp - Asset Composition Analysis
Current Asset Composition (December 2024)
Western Energy Services Corp's total assets of $406.52 Million consist of 10.4% current assets and 89.6% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.9% |
| Accounts Receivable | $37.56 Million | 8.7% |
| Inventory | $262.00K | 0.1% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (1999–2024)
This chart illustrates how Western Energy Services Corp's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Western Energy Services Corp's current assets represent 10.4% of total assets in 2024, an increase from 1.0% in 1999.
- Cash Position: Cash and equivalents constituted 0.9% of total assets in 2024, up from 0.0% in 1999.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 1999.
- Asset Diversification: The largest asset category is accounts receivable at 8.7% of total assets.
Western Energy Services Corp Competitors by Total Assets
Key competitors of Western Energy Services Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Aban Offshore Limited
NSE:ABAN
|
India | ₹16.43 Billion |
|
XinJiang Beiken Energy Engineering Stock Co Ltd
SHE:002828
|
China | CN¥1.85 Billion |
|
Daldrup & Söhne Aktiengesellschaft
F:4DS
|
Germany | €37.46 Million |
|
Velesto Energy Bhd
KLSE:5243
|
Malaysia | RM2.85 Billion |
|
ARCHER
F:8SW
|
Germany | €1.07 Billion |
|
ACT Energy Technologies Ltd.
TO:ACX
|
Canada | CA$458.00 Million |
|
Agri-Dynamics Inc
PINK:AGDY
|
USA | $144.28K |
|
AKITA Drilling Ltd
PINK:AKTAF
|
USA | $258.01 Million |
Western Energy Services Corp - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Moderate asset utilization - Western Energy Services Corp generates 0.52x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Western Energy Services Corp is currently not profitable relative to its asset base.
Western Energy Services Corp - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.90 | 1.59 | 1.58 |
| Quick Ratio | 1.90 | 1.47 | 1.47 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $19.35 Million | $ 17.70 Million | $ 16.00 Million |
Western Energy Services Corp - Advanced Valuation Insights
This section examines the relationship between Western Energy Services Corp's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.29 |
| Latest Market Cap to Assets Ratio | 0.04 |
| Asset Growth Rate (YoY) | -2.7% |
| Total Assets | $430.98 Million |
| Market Capitalization | $19.38 Million USD |
Valuation Analysis
Below Book Valuation: The market values Western Energy Services Corp's assets below their book value (0.04 x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: Western Energy Services Corp's assets decreased by 2.7% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Western Energy Services Corp (1999–2024)
The table below shows the annual total assets of Western Energy Services Corp from 1999 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $430.98 Million | -2.70% |
| 2023-12-31 | $442.93 Million | -6.89% |
| 2022-12-31 | $475.71 Million | +4.32% |
| 2021-12-31 | $456.00 Million | -7.99% |
| 2020-12-31 | $495.62 Million | -9.97% |
| 2019-12-31 | $550.54 Million | -17.50% |
| 2018-12-31 | $667.29 Million | -12.26% |
| 2017-12-31 | $760.50 Million | -4.16% |
| 2016-12-31 | $793.52 Million | -9.48% |
| 2015-12-31 | $876.61 Million | -17.08% |
| 2014-12-31 | $1.06 Billion | +7.13% |
| 2013-12-31 | $986.79 Million | +31.67% |
| 2012-12-31 | $749.45 Million | +20.95% |
| 2011-12-31 | $619.64 Million | +134.13% |
| 2010-12-31 | $264.65 Million | +2065.91% |
| 2009-12-31 | $12.22 Million | -45.45% |
| 2008-12-31 | $22.40 Million | -16.74% |
| 2007-12-31 | $26.90 Million | +41.47% |
| 2006-12-31 | $19.02 Million | +68.30% |
| 2005-12-31 | $11.30 Million | +29.65% |
| 2004-12-31 | $8.71 Million | +624.25% |
| 2003-12-31 | $1.20 Million | +7.16% |
| 2002-12-31 | $1.12 Million | -6.28% |
| 2001-12-31 | $1.20 Million | +2.75% |
| 2000-12-31 | $1.17 Million | +2.96% |
| 1999-12-31 | $1.13 Million | -- |