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Top 5 Companies in the Oil & Gas Equipment & Services Industry With the Highest Debt to Asset Ratio (CLB, TTI, WFT, EXH, PHIIK)

By David Diaz

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. Following is Tetra Technologies 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 its subscribers protect gains by selling shares of Core Laboratories on June 27th, 2016 by issuing a Downtrend alert when the shares were trading at $118.28. Since that call, shares of Core Laboratories have fallen 6.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest debt to asset ratio core laboratories tetra technologies weatherford international exterran holdings

Ticker(s): CLB TTI WFT EXH PHIIK PHI