AKITA Drilling Ltd.

Toronto Stock Exchange AKT-A.TO

AKITA Drilling Ltd. Interest Coverage Ratio for the year ending December 31, 2023: 3.92

AKITA Drilling Ltd. Interest Coverage Ratio is 3.92 for the year ending December 31, 2023, a 487.48% change year over year. Interest coverage ratio assesses earnings' ability to cover interest expenses; higher ratios signal lower risk.

AKITA Drilling Ltd. Interest Coverage Ratio for the year ending December 31, 2022 was 0.67, a 111.73% change year over year.
AKITA Drilling Ltd. Interest Coverage Ratio for the year ending December 31, 2021 was -5.69, a 67.19% change year over year.
AKITA Drilling Ltd. Interest Coverage Ratio for the year ending December 31, 2020 was -17.33, a -516.54% change year over year.
AKITA Drilling Ltd. Interest Coverage Ratio for the year ending December 31, 2019 was -2.81, a 63.49% change year over year.

Key data

Date	Interest Coverage Ratio	Debt to Equity Ratio	Interest Expense To Sales	Inventory Turnover Ratio

Toronto Stock Exchange: AKT-A.TO

AKITA Drilling Ltd.

CEO	Mr. Colin A. Dease
IPO Date	May 8, 1996
Location	Canada
Headquarters	1000, 333 – 7th Avenue S.W.
Employees	1,068
Sector	Energy
Industries Drilling Fracking Offshore Drilling Oil & Gas Oil Sands

Description

AKITA Drilling Ltd. is an oil and gas drilling contractor in Canada and the United States. It provides contract drilling services to the oil and gas industry. The company is involved in the drilling of oil and gas wells; other forms of drilling related to potash mining; and development of storage caverns. It specializes in pad and other purpose-built drilling rigs; and conventional drilling services. As of December 31, 2021, the company had 14 wholly owned and operated drilling rigs in Canada; and 8 XDR 500 rigs and 3 XDR 850XE rigs in the United States. The company was founded in 1964 and is headquartered in Calgary, Canada.

Key trends

Past 5 years