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Weatherford Inte has the Highest Debt to Asset Ratio in the Oil & Gas Equipment & Services Industry (WFT, USAC, TTI, PHIIK, HAL)

Jun 13, 2019 (SmarTrend(R) News Watch via COMTEX) --

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.Weatherford Inte ranks highest with a a debt to asset ratio of 78.89. Following is USA Compression Partners LP with a a debt to asset ratio of 52.47. Tetra Technologi ranks third highest with a a debt to asset ratio of 48.13.

Phi Inc-Nv follows with a a debt to asset ratio of 43.94, and Halliburton Co rounds out the top five with a a debt to asset ratio of 43.62.

SmarTrend recommended that its subscribers protect gains by selling shares of Phi Inc-Nv on March 8th, 2019 by issuing a Downtrend alert when the shares were trading at $1.97. Since that call, shares of Phi Inc-Nv have fallen 67.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to SmarTrend at cs@mysmartrend.com

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