Balance Sheet Trican Well Service Ltd.

Equities

TCW

CA8959451037

Oil Related Services and Equipment

Market Closed - Toronto S.E. Other stock markets 16:00:00 2026-04-21 EDT			5-day change	1st Jan Change
6.430 ^CAD	+1.26%		-4.32%	+8.25%

04-14	RBC Picks Enerflex, CES as Preferred Oil, Gas Services Equities Ahead of Q1 Earnings Season	MT
04-14	Trican Well Service Downgraded to Sector Perform at RBC	MT

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Published financial data: TRICAN WELL SERVICE LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	562M	866M	973M	981M	1.1B
Total Revenues	562M	866M	973M	981M	1.1B
Cost of Goods Sold, Total	446M	639M	698M	717M	795M
Gross Profit	117M	227M	275M	264M	301M
Selling General & Admin Expenses, Total	29.91M	37.75M	39.55M	43.79M	57.48M
Provision for Bad Debts	-50K	-	-	-	-
Depreciation & Amortization - (IS)	87.81M	80.22M	77.2M	77.54M	88.05M
Other Operating Expenses	-68K	-690K	-2.69M	-2.79M	-621K
Other Operating Expenses, Total	118M	117M	114M	119M	145M
Operating Income	-993K	110M	161M	145M	156M
Interest Expense, Total	-1.97M	-2.57M	-2.59M	-2.48M	-4.4M
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-1.97M	-2.57M	-2.59M	-2.48M	-4.4M
Currency Exchange Gains (Loss)	-266K	274K	-58K	-518K	-278K
EBT, Excl. Unusual Items	-3.23M	108M	158M	142M	151M
Restructuring Charges	-424K	-2.1M	-146K	-741K	-1.85M
Merger & Related Restructuring Charges	-	-	-	-	-2.51M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	2.55M	2.46M	1.11M	4.12M	894K
Asset Writedown	-	-	-	-	-
Insurance Settlements	-	-	-	-	-
Other Unusual Items	13.08M	-	-	-	-
EBT, Incl. Unusual Items	11.98M	108M	159M	146M	148M
Income Tax Expense	-80K	28.67M	37.96M	36.03M	35.66M
Earnings From Continuing Operations	12.06M	79.22M	121M	109M	112M
Earnings Of Discontinued Operations	5.16M	-	-	-	-
Net Income to Company	17.22M	79.22M	121M	109M	112M
Minority Interest	-	-	-	-	-
Net Income - (IS)	17.22M	79.22M	121M	109M	112M
Net Income to Common Incl Extra Items	17.22M	79.22M	121M	109M	112M
Net Income to Common Excl. Extra Items	12.06M	79.22M	121M	109M	112M
Per Share Items
Net EPS - Basic	0.07	0.33	0.56	0.55	0.58
Basic EPS - Continuing Operations	0.05	0.33	0.56	0.55	0.58
Basic Weighted Average Shares Outstanding	253M	241M	217M	200M	193M
Net EPS - Diluted	0.07	0.32	0.55	0.54	0.57
Diluted EPS - Continuing Operations	0.05	0.32	0.55	0.54	0.57
Diluted Weighted Average Shares Outstanding	258M	247M	221M	203M	196M
Normalized Basic EPS	-0.01	0.28	0.46	0.44	0.49
Normalized Diluted EPS	-0.01	0.27	0.45	0.44	0.48
Dividend Per Share	-	-	0.16	0.18	0.21
Payout Ratio	-	-	28.38	32.5	37.07
Supplemental Items
EBITDA	84.23M	187M	235M	218M	239M
EBITA	9.46M	120M	164M	145M	159M
EBIT	-993K	110M	161M	145M	156M
EBITDAR	85.03M	188M	235M	218M	-
Effective Tax Rate - (Ratio)	-0.67	26.57	23.88	24.76	24.12
Total Current Taxes	-1.68M	-	36.37M	29.77M	36.59M
Total Deferred Taxes	1.6M	28.67M	1.59M	6.27M	-928K
Normalized Net Income	-2.02M	67.2M	98.75M	88.84M	94.57M
Interest on Long-Term Debt	1.97M	2.57M	2.59M	3.64M	5.37M
Supplemental Operating Expense Items
General and Administrative Expenses	29.91M	37.75M	39.55M	43.79M	57.48M
Research And Development Expense From Footnotes	-	-	-	-	-
Net Rental Expense, Total	800K	800K	900K	200K	-
Imputed Operating Lease Interest Expense	1.05M	624K	615K	208K	-
Imputed Operating Lease Depreciation	-249K	176K	285K	-8.13K	-
Stock-Based Comp., G&A Exp. (Total)	6.66M	10.53M	8.12M	12.03M	12.65M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	6.66M	10.53M	8.12M	12.03M	12.65M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	29.51M	58.11M	88.75M	26.28M	12.46M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	29.51M	58.11M	88.75M	26.28M	12.46M
Accounts Receivable, Total	128M	175M	181M	211M	261M
Other Receivables	974K	-	-	-	5.12M
Notes Receivable	-	-	-	-	-
Total Receivables	129M	175M	181M	211M	266M
Inventory	19.04M	24.69M	21.55M	20.27M	34.98M
Prepaid Expenses	4.02M	5.02M	6.2M	6.27M	7.4M
Other Current Assets, Total	-	-	-	-	-
Total Current Assets	181M	263M	298M	263M	321M
Gross Property Plant And Equipment	1.05B	1.02B	1.01B	943M	1.09B
Accumulated Depreciation	-669M	-611M	-594M	-533M	-555M
Net Property Plant And Equipment	383M	405M	413M	410M	536M
Long-term Investments	-	-	-	-	-
Goodwill	-	-	-	-	74.02M
Other Intangibles, Total	13.5M	3.04M	-	-	61.05M
Loans Receivable Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	-	-	-	9.7M	21.67M
Total Assets	578M	671M	710M	683M	1.01B
Liabilities
Accounts Payable, Total	39.35M	53.01M	50.4M	64.21M	50.45M
Accrued Expenses, Total	35.82M	37.9M	53.25M	61.8M	72.38M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	2.41M	2.99M	4.42M	5.09M	6.12M
Current Income Taxes Payable	-	-	36.37M	4.37M	-
Other Current Liabilities	-	-	-	-	-
Total Current Liabilities	77.58M	93.9M	144M	135M	129M
Long-Term Debt	-	29.82M	-	-	92.4M
Long-Term Leases	7.91M	9.58M	13.72M	14.92M	17.83M
Deferred Tax Liability Non Current	1.6M	30.27M	31.86M	38.13M	73.15M
Other Non Current Liabilities	1.35M	2.88M	3.36M	6.15M	5.52M
Total Liabilities	88.44M	166M	193M	195M	318M
Common Stock, Total	894M	829M	753M	679M	831M
Additional Paid In Capital	87.8M	85.79M	83.34M	75.29M	67.98M
Retained Earnings	-492M	-410M	-319M	-266M	-203M
Comprehensive Income and Other	-	-	-	-	-
Total Common Equity	489M	505M	517M	488M	696M
Minority Interest	-	-	-	-	-
Total Equity	489M	505M	517M	488M	696M
Total Liabilities And Equity	578M	671M	710M	683M	1.01B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	248M	229M	208M	188M	210M
ECS Total Common Shares Outstanding	247M	230M	209M	189M	211M
Book Value / Share	1.98	2.2	2.47	2.59	3.3
Tangible Book Value	476M	502M	517M	488M	561M
Tangible Book Value Per Share	1.93	2.18	2.47	2.59	2.66
Total Debt	10.32M	42.39M	18.14M	20.01M	116M
Net Debt	-19.19M	-15.72M	-70.61M	-6.27M	104M
Debt Equivalent Oper. Leases	6.4M	6.4M	7.2M	1.6M	-
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	5.93M	7.19M	5.75M	5.22M	5.48M
Inventories - Finished Goods, Total	13.11M	17.5M	15.8M	15.05M	29.51M
Land - (BS)	-	-	-	-	-
Buildings, Total	125M	113M	113M	103M	114M
Machinery, Total	911M	884M	868M	809M	938M
Full Time Employees	1.03K	1.12K	1.2K	1.2K	1.67K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	1.46M	2.04M	2.12M	871K	1.44M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	17.22M	79.22M	121M	109M	112M
Depreciation & Amortization - CF	77.35M	69.77M	74.16M	77.54M	85.4M
Amortization of Goodwill and Intangible Assets - (CF)	10.46M	10.46M	3.04M	-	2.65M
Depreciation & Amortization, Total	87.81M	80.22M	77.2M	77.54M	88.05M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-2.55M	-2.46M	-1.11M	-4.12M	-894K
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	2.16M	1.22M	587K	69K	-
Provision and Write-off of Bad Debts	-50K	-	-	-	-
Net Cash From Discontinued Operations	147K	-	-	-	-
Other Operating Activities, Total	-2.26M	30.07M	1.89M	-25.67M	-4.69M
Change In Accounts Receivable	-51.03M	-47.65M	-5.69M	-29.49M	3.69M
Change In Inventories	2.56M	-5.65M	3.14M	1.28M	-7.31M
Change In Accounts Payable	19.35M	18.25M	15.76M	23.02M	-23.26M
Change In Income Taxes	-	-	36.37M	-	-
Change in Other Net Operating Assets	742K	-1M	-705K	2.72M	-210K
Cash from Operations	74.1M	152M	248M	155M	168M
Capital Expenditure	-53.88M	-104M	-79.29M	-75.07M	-62.89M
Sale of Property, Plant, and Equipment	10.16M	20.02M	7.47M	11.41M	4.51M
Cash Acquisitions	-	-	-	-	-54.66M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	4.37M	-2.2M	-3.27M	-12.26M	-13.07M
Cash from Investing	-39.35M	-85.8M	-75.09M	-75.92M	-126M
Long-Term Debt Issued, Total	-	30M	-	-	92.9M
Total Debt Issued	-	30M	-	-	92.9M
Short Term Debt Repaid, Total	-	-	-29.86M	-	-
Long-Term Debt Repaid, Total	-3.31M	-3.28M	-3.67M	-5.01M	-45.38M
Total Debt Repaid	-3.31M	-3.28M	-33.53M	-5.01M	-45.38M
Issuance of Common Stock	2.22M	4.44M	3.6M	-	-
Repurchase of Common Stock	-26.75M	-68.99M	-78.46M	-95.03M	-54.66M
Common Dividends Paid	-	-	-34.34M	-35.58M	-41.6M
Common & Preferred Stock Dividends Paid	-	-	-34.34M	-35.58M	-41.6M
Other Financing Activities, Total	-	-	-	-5.77M	-6.56M
Cash from Financing	-27.84M	-37.83M	-143M	-141M	-55.29M
Foreign Exchange Rate Adjustments	-	-	-	-	-
Net Change in Cash	6.9M	28.6M	30.64M	-62.47M	-13.82M
Supplemental Items
Cash Interest Paid	1.43M	2.48M	2.39M	2.29M	4.2M
Cash Income Tax Paid (Refund)	-2.74M	-973K	-	61.72M	40.72M
Levered Free Cash Flow	10.42M	16.59M	150M	65.75M	53.99M
Unlevered Free Cash Flow	11.66M	18.2M	152M	67.31M	56.73M
Change In Net Working Capital	28.31M	37.58M	-45.39M	37.91M	78.58M
Net Debt Issued / Repaid	-3.31M	26.72M	-33.53M	-5.01M	47.52M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-0.11	10.99	14.54	13.02	11.49
Return on Total Capital	-0.12	13.11	18.55	17.38	14.77
Return On Equity %	2.44	15.94	23.69	21.78	18.95
Return on Common Equity	2.44	15.94	23.69	21.78	18.95
Margin Analysis
Gross Profit Margin %	20.73	26.22	28.24	26.88	27.45
SG&A Margin	5.32	4.36	4.07	4.46	5.24
EBITDA Margin %	14.97	21.56	24.11	22.25	21.81
EBITA Margin %	1.68	13.88	16.83	14.8	14.47
EBIT Margin %	-0.18	12.68	16.52	14.8	14.23
Income From Continuing Operations Margin %	2.14	9.14	12.44	11.16	10.23
Net Income Margin %	3.06	9.14	12.44	11.16	10.23
Net Avail. For Common Margin %	2.14	9.14	12.44	11.16	10.23
Normalized Net Income Margin	-0.36	7.76	10.15	9.06	8.63
Levered Free Cash Flow Margin	1.85	1.91	15.44	6.7	4.92
Unlevered Free Cash Flow Margin	2.07	2.1	15.61	6.86	5.18
Asset Turnover
Asset Turnover	0.98	1.39	1.41	1.41	1.29
Fixed Assets Turnover	1.41	2.2	2.38	2.38	2.32
Receivables Turnover (Average Receivables)	5.49	5.71	5.46	5.01	4.65
Inventory Turnover (Average Inventory)	21.94	29.23	30.19	34.3	28.79
Short Term Liquidity
Current Ratio	2.34	2.8	2.06	1.94	2.49
Quick Ratio	2.04	2.49	1.87	1.75	2.16
Operating Cash Flow to Current Liabilities	0.96	1.62	1.72	1.14	1.3
Days Sales Outstanding (Average Receivables)	66.48	63.88	66.9	73.09	78.46
Days Outstanding Inventory (Average Inventory)	16.63	12.48	12.09	10.67	12.68
Average Days Payable Outstanding	28.65	26.52	27.16	29.3	25.83
Cash Conversion Cycle (Average Days)	54.46	49.85	51.83	54.46	65.31
Long Term Solvency
Total Debt/Equity	2.11	8.4	3.51	4.1	16.72
Total Debt / Total Capital	2.07	7.75	3.39	3.94	14.33
LT Debt/Equity	1.62	7.81	2.65	3.06	15.84
Long-Term Debt / Total Capital	1.58	7.2	2.56	2.93	13.57
Total Liabilities / Total Assets	15.31	24.8	27.22	28.5	31.36
EBIT / Interest Expense	-0.5	42.73	62.1	58.5	35.49
EBITDA / Interest Expense	43.98	73.95	91.94	89.75	55.51
(EBITDA - Capex) / Interest Expense	16.68	33.63	61.29	59.5	41.21
Total Debt / EBITDA	0.12	0.22	0.08	0.09	0.48
Net Debt / EBITDA	-0.22	-0.08	-0.3	-0.03	0.43
Total Debt / (EBITDA - Capex)	0.31	0.49	0.11	0.14	0.64
Net Debt / (EBITDA - Capex)	-0.58	-0.18	-0.45	-0.04	0.57
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	41.68	54.01	12.28	0.84	11.76
Gross Profit, 1 Yr. Growth %	115.46	94.75	20.96	-4.02	14.12
EBITDA, 1 Yr. Growth %	727.05	121.77	25.56	-6.95	9.57
EBITA, 1 Yr. Growth %	-111.11	1.17K	36.09	-9.66	9.31
EBIT, 1 Yr. Growth %	-98.96	-11.16K	46.28	-9.66	7.48
Earnings From Cont. Operations, 1 Yr. Growth %	-105.3	556.95	52.76	-9.53	2.48
Net Income, 1 Yr. Growth %	-107.52	360.02	52.76	-9.53	2.48
Normalized Net Income, 1 Yr. Growth %	-96.77	-3.43K	46.94	-10.04	6.46
Diluted EPS Before Extra, 1 Yr. Growth %	-105.52	571.83	71.88	-1.82	5.56
Accounts Receivable, 1 Yr. Growth %	65.74	37.29	3.24	16.28	23.77
Inventory, 1 Yr. Growth %	-11.84	29.65	-12.72	-5.94	72.61
Net Property, Plant and Equip., 1 Yr. Growth %	-7.64	5.7	1.98	-0.7	30.84
Total Assets, 1 Yr. Growth %	1.57	16.14	5.86	-3.85	48.41
Tangible Book Value, 1 Yr. Growth %	0.4	5.41	3.08	-5.55	14.82
Common Equity, 1 Yr. Growth %	-1.72	3.12	2.46	-5.55	42.48
Cash From Operations, 1 Yr. Growth %	4.71	105.45	63.21	-37.68	8.23
Capital Expenditures, 1 Yr. Growth %	321.36	92.31	-23.48	-5.32	-16.22
Levered Free Cash Flow, 1 Yr. Growth %	-92.01	59.15	805.51	-56.23	-17.9
Unlevered Free Cash Flow, 1 Yr. Growth %	-91.2	56.08	734.46	-55.67	-15.71
Dividend Per Share, 1 Yr. Growth %	-	-	-	12.5	16.67
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-5.96	47.72	31.5	6.41	6.16
Gross Profit, 2 Yr. CAGR %	25.73	104.85	53.49	7.75	4.66
EBITDA, 2 Yr. CAGR %	79.93	328.27	66.87	8.09	0.98
EBITA, 2 Yr. CAGR %	-65.91	18.82	315.89	9.85	-0.63
EBIT, 2 Yr. CAGR %	-89.6	7.15	1.17K	14.96	-1.46
Earnings From Cont. Operations, 2 Yr. CAGR %	-58.92	-41.01	216.79	17.56	-3.71
Net Income, 2 Yr. CAGR %	-51.58	-41.19	165.09	17.56	-3.71
Normalized Net Income, 2 Yr. CAGR %	-81.72	3.66	599.09	14.97	-2.14
Diluted EPS Before Extra, 2 Yr. CAGR %	-56.35	-39.1	239.81	29.9	1.8
Accounts Receivable, 2 Yr. CAGR %	-6.56	50.84	19.05	9.57	19.97
Inventory, 2 Yr. CAGR %	-19.78	6.91	6.38	-9.39	27.42
Net Property, Plant and Equip., 2 Yr. CAGR %	-14.86	-1.2	3.82	0.63	13.98
Total Assets, 2 Yr. CAGR %	-21.03	8.61	10.88	0.89	19.45
Tangible Book Value, 2 Yr. CAGR %	-9.08	2.87	4.24	-1.33	4.14
Common Equity, 2 Yr. CAGR %	-18.74	0.67	2.79	-1.63	16.01
Cash From Operations, 2 Yr. CAGR %	60.88	46.67	83.12	0.85	-17.87
Capital Expenditures, 2 Yr. CAGR %	27.34	184.66	21.3	-14.89	-10.94
Levered Free Cash Flow, 2 Yr. CAGR %	-1.81	-64.33	279.62	99.09	-40.05
Unlevered Free Cash Flow, 2 Yr. CAGR %	-7.9	-62.94	260.9	92.33	-38.87
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	14.56
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-13.35	10.85	34.81	20.36	8.16
Gross Profit, 3 Yr. CAGR %	-2.31	45.47	71.86	31.25	9.83
EBITDA, 3 Yr. CAGR %	-1.09	92.92	184.51	37.35	8.58
EBITA, 3 Yr. CAGR %	-27.81	13.89	24.32	148.45	9.67
EBIT, 3 Yr. CAGR %	-69.37	6.12	18.87	426.76	12.41
Earnings From Cont. Operations, 3 Yr. CAGR %	-62.52	3.51	-18.99	108.62	12.3
Net Income, 3 Yr. CAGR %	-58.01	2.55	-19.16	85.25	12.3
Normalized Net Income, 3 Yr. CAGR %	-56.21	3.58	16.45	252.94	12.06
Diluted EPS Before Extra, 3 Yr. CAGR %	-59.39	8.58	-13.94	124.65	21.22
Accounts Receivable, 3 Yr. CAGR %	-0.69	6.22	32.93	18.12	14.11
Inventory, 3 Yr. CAGR %	-19.32	-5.85	-0.08	2.1	12.32
Net Property, Plant and Equip., 3 Yr. CAGR %	-16.61	-8.5	-0.15	2.29	9.83
Total Assets, 3 Yr. CAGR %	-17.73	-10.19	7.69	5.74	14.74
Tangible Book Value, 3 Yr. CAGR %	-10.7	-4.49	2.94	0.87	3.79
Common Equity, 3 Yr. CAGR %	-16.62	-12.02	1.26	-0.07	11.3
Cash From Operations, 3 Yr. CAGR %	-9.79	74.55	51.99	27.85	3.25
Capital Expenditures, 3 Yr. CAGR %	-10.6	46.1	83.71	11.69	-15.33
Levered Free Cash Flow, 3 Yr. CAGR %	-44.43	15.34	4.83	84.77	48.19
Unlevered Free Cash Flow, 3 Yr. CAGR %	-45.03	9.81	4.65	79.4	46.09
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	11.58	-1.41	2.39	9.05	22.52
Gross Profit, 5 Yr. CAGR %	6.9	-0.23	17.04	29.02	40.93
EBITDA, 5 Yr. CAGR %	3.95	1.15	21.93	53.02	87.99
EBITA, 5 Yr. CAGR %	-41.57	6.73	45.43	12.25	13.24
EBIT, 5 Yr. CAGR %	-62.82	8.11	35.98	9.57	10.28
Earnings From Cont. Operations, 5 Yr. CAGR %	-21.61	31.54	-11.98	8.91	-13.2
Net Income, 5 Yr. CAGR %	-10.23	41.02	-12.26	8.31	-13.3
Normalized Net Income, 5 Yr. CAGR %	-54.68	15.14	32.62	8	8.62
Diluted EPS Before Extra, 5 Yr. CAGR %	-27.63	36.79	-5.01	16.65	-7.96
Accounts Receivable, 5 Yr. CAGR %	6.72	-3.35	6.78	7.55	27.59
Inventory, 5 Yr. CAGR %	-6.34	-7.76	-9.89	-7.29	10.13
Net Property, Plant and Equip., 5 Yr. CAGR %	-2.4	-10.84	-8.97	-4.95	5.28
Total Assets, 5 Yr. CAGR %	-8.79	-14.93	-7.3	-5.91	12.25
Tangible Book Value, 5 Yr. CAGR %	-2.84	-10.16	-5	-3.24	3.42
Common Equity, 5 Yr. CAGR %	-2.97	-15.57	-9.34	-8	6.92
Cash From Operations, 5 Yr. CAGR %	-4.63	2.65	19.74	40.16	18.82
Capital Expenditures, 5 Yr. CAGR %	106.13	27.87	1.01	17.7	37.52
Levered Free Cash Flow, 5 Yr. CAGR %	-42.58	-16.04	19.85	43.48	-16.17
Unlevered Free Cash Flow, 5 Yr. CAGR %	-42.12	-17.98	16.69	37.4	-15.6