Shares of Core Laboratories Rank the Highest in Terms of Debt to Asset Ratio in the Oil & Gas Equipment & Services Industry (CLB, TTI, WFT, EXH, PHIIK)
Below are the three companies in the Oil & Gas Equipment & Services industry with the highest debt to asset ratios. The Debt/Asset ratio shows the proportion of a company's assets that are financed through debt. If the ratio is greater than one, most of the company's assets are financed through debt.
Core Laboratories ranks highest with a a debt to asset ratio of 0.67. Tetra Technologies is next with a a debt to asset ratio of 0.47. Weatherford International ranks third highest with a a debt to asset ratio of 0.46.
Exterran Holdings follows with a a debt to asset ratio of 0.44, and PHI rounds out the top five with a a debt to asset ratio of 0.40.
SmarTrend recommended that subscribers consider buying shares of PHI on March 1st, 2016 as our technology indicated a new Uptrend was in progress when shares hit $18.32. Since that recommendation, shares of PHI have risen 13.0%. We continue to monitor PHI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest debt to asset ratio core laboratories tetra technologies weatherford international exterran holdings