Western Energy Services Corp. (TSX:WRG)

Western Energy Services Balance Sheet

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	5.23	3.79	5.93	8.88	7.48	19.32
Short-Term Investments	0.27	0.35	0.32	0.45	0.41	0.36
Cash & Short-Term Investments	5.5	4.13	6.25	9.32	7.89	19.68
Cash Growth	-65.38%	-33.91%	-32.96%	18.25%	-59.93%	347.00%
Accounts Receivable	27.74	36.88	36.86	45.3	25.72	15.86
Other Receivables	0.47	0.68	0.78	1.91	0.75	2.39
Receivables	28.21	37.56	37.84	47.44	26.68	18.25
Inventory	0.1	0.26	3.58	4.07	3.6	3.07
Prepaid Expenses	1.92	2.76	2.98	0.63	2.1	2.33
Other Current Assets	0.1	0.12	0.08	0.08	0.1	0.18
Total Current Assets	35.83	44.84	50.73	61.54	40.35	43.5
Property, Plant & Equipment	371.92	386.14	392.17	413.84	415.25	452.04
Long-Term Deferred Charges	0.04	-	0.03	0.12	-	0.09
Total Assets	407.79	430.98	442.93	475.71	456	495.63
Accounts Payable	20.58	10.65	11.47	21.97	11.2	8.95
Accrued Expenses	-	16.94	15.09	12.49	13.39	14.19
Current Portion of Long-Term Debt	1.03	5.86	1.58	2.74	11.1	1.52
Current Portion of Leases	1.57	1.47	2.47	2.42	2.44	2.84
Total Current Liabilities	23.19	34.93	30.61	39.62	38.13	27.5
Long-Term Debt	89.06	91.66	109.28	123.62	221.71	231.78
Long-Term Leases	3.97	4.67	1.9	2.91	5.18	5.86
Long-Term Deferred Tax Liabilities	3.24	3.88	5.49	7.03	4.49	8.02
Total Liabilities	119.46	135.13	147.27	173.18	269.5	273.15
Common Stock	521.6	521.6	521.6	521.55	441.67	441.46
Additional Paid-In Capital	20.01	21.18	20.37	17.66	15.76	15.68
Retained Earnings	-284.19	-281.83	-274.68	-267.47	-296.47	-260.33
Comprehensive Income & Other	28.61	32.67	26.07	28.85	23.54	24
Total Common Equity	286.03	293.62	293.37	300.59	184.51	220.8
Minority Interest	2.3	2.23	2.3	1.94	1.99	1.67
Shareholders' Equity	288.33	295.85	295.67	302.53	186.5	222.47
Total Liabilities & Equity	407.79	430.98	442.93	475.71	456	495.63
Total Debt	95.64	103.66	115.22	131.69	240.42	241.99
Net Cash (Debt)	-90.14	-99.53	-108.97	-122.37	-232.54	-222.32
Net Cash Per Share	-2.66	-2.94	-3.22	-5.19	-305.39	-292.35
Filing Date Shares Outstanding	33.84	33.84	33.84	33.84	0.76	0.76
Total Common Shares Outstanding	33.84	33.84	33.84	33.84	0.76	0.76
Working Capital	12.64	9.91	20.13	21.92	2.22	16
Book Value Per Share	8.45	8.68	8.67	8.88	241.43	290.64
Tangible Book Value	286.03	293.62	293.37	300.59	184.51	220.8
Tangible Book Value Per Share	8.45	8.68	8.67	8.88	241.43	290.64
Land	5.09	5.09	5.09	5.09	5.09	5.09
Buildings	5.46	5.14	4.46	4.4	4.4	4.4
Machinery	1,067	1,074	1,058	1,052	1,013	1,016

Updated Feb 26, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.