Relatively High Debt to EBITDA Ratio Detected in Shares of Tidewater in the Oil & Gas Equipment & Services Industry (TDW, WFT, BRS, CRR, TTI)
Below are the three companies in the Oil & Gas Equipment & Services industry with the highest debt to EBITDA ratios. This ratio indicates how many years of EBITDA would be necessary in order to pay back all the debt (assuming Debt and EBITDA are constant). Typically, this ratio is considered to be alarming when it is greater than 3.0 but this can vary and should be looked at within the context of the industry.
Tidewater ranks highest with a a debt to EBITDA ratio of 11.1. Weatherford International is next with a a debt to EBITDA ratio of 9.8. Bristow Group ranks third highest with a a debt to EBITDA ratio of 6.7.
CARBO Ceramics follows with a a debt to EBITDA ratio of 5.3, and Tetra Technologies rounds out the top five with a a debt to EBITDA ratio of 4.9.
SmarTrend recommended that subscribers consider buying shares of Tetra Technologies on June 7th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $6.24. Since that recommendation, shares of Tetra Technologies have risen 4.3%. We continue to monitor Tetra Technologies for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest debt to ebitda ratio tidewater weatherford international bristow group carbo ceramics tetra technologies