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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	3.76	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	4.03	4.13	6.25	9.32	7.89	19.68
Cash Growth	7.38%	-33.91%	-32.96%	18.25%	-59.93%	347.00%
Accounts Receivable	49.32	36.88	36.86	45.3	25.72	15.86
Other Receivables	0.68	0.68	0.78	1.91	0.75	2.39
Receivables	50	37.56	37.84	47.44	26.68	18.25
Inventory	0.52	0.26	3.58	4.07	3.6	3.07
Prepaid Expenses	2.51	2.76	2.98	0.63	2.1	2.33
Other Current Assets	0.07	0.12	0.08	0.08	0.1	0.18
Total Current Assets	57.12	44.84	50.73	61.54	40.35	43.5
Property, Plant & Equipment	381.07	386.14	392.17	413.84	415.25	452.04
Long-Term Deferred Charges	0.04	-	0.03	0.12	-	0.09
Total Assets	438.23	430.98	442.93	475.71	456	495.63
Accounts Payable	27.42	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	1.33	5.86	1.58	2.74	11.1	1.52
Current Portion of Leases	1.47	1.47	2.47	2.42	2.44	2.84
Total Current Liabilities	30.23	34.93	30.61	39.62	38.13	27.5
Long-Term Debt	102.19	91.66	109.28	123.62	221.71	231.78
Long-Term Leases	4.35	4.67	1.9	2.91	5.18	5.86
Long-Term Deferred Tax Liabilities	4.32	3.88	5.49	7.03	4.49	8.02
Total Liabilities	141.09	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	20.25	21.18	20.37	17.66	15.76	15.68
Retained Earnings	-279.57	-281.83	-274.68	-267.47	-296.47	-260.33
Comprehensive Income & Other	32.6	32.67	26.07	28.85	23.54	24
Total Common Equity	294.88	293.62	293.37	300.59	184.51	220.8
Minority Interest	2.26	2.23	2.3	1.94	1.99	1.67
Shareholders' Equity	297.14	295.85	295.67	302.53	186.5	222.47
Total Liabilities & Equity	438.23	430.98	442.93	475.71	456	495.63
Total Debt	109.35	103.66	115.22	131.69	240.42	241.99
Net Cash (Debt)	-105.32	-99.53	-108.97	-122.37	-232.54	-222.32
Net Cash Per Share	-3.11	-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	26.89	9.91	20.13	21.92	2.22	16
Book Value Per Share	8.71	8.68	8.67	8.88	241.43	290.64
Tangible Book Value	294.88	293.62	293.37	300.59	184.51	220.8
Tangible Book Value Per Share	8.71	8.68	8.67	8.88	241.43	290.64
Land	5.09	5.09	5.09	5.09	5.09	5.09
Buildings	5.53	5.14	4.46	4.4	4.4	4.4
Machinery	1,079	1,074	1,058	1,052	1,013	1,016

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