Top 5 Companies in the Oil & Gas Equipment & Services Industry With the Highest Debt to EBITDA Ratio (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. Following is Weatherford International 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 its subscribers protect gains by selling shares of CARBO Ceramics on March 16th, 2016 by issuing a Downtrend alert when the shares were trading at $18.55. Since that call, shares of CARBO Ceramics have fallen 35.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: highest debt to ebitda ratio tidewater weatherford international bristow group carbo ceramics tetra technologies