Crude Oil
Energy companies are highly sensitive to oil prices. Every $10/barrel change can impact operating margins by 15-25%.
AKITA Drilling Ltd. is a Canadian and U.S. oil and gas drilling contractor providing contract drilling services. While the company has a solid liquidity position with a current and quick ratio of 1.82, it faces concerns with a low gross margin of 0.5% and a negative net margin of -12.5%, indicating profitability challenges. Additionally, despite a manageable debt-to-equity ratio of 0.15, the negative return on equity and assets suggest inefficiencies in generating returns. Overall, the financial health score of 60/100 reflects a mixed outlook for potential investors.
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Revenue fell 15.8% year-over-year from $223.3M to $188.1M. The decline has persisted for multiple quarters.
Company went from $21.6M profit to $-5.3M loss compared to last year.
Gross margin expanded by 7.9 percentage points, indicating improved pricing power or cost efficiency.
Strong cash flow conversion with 16.2% of revenue converting to operating cash.
Low debt-to-revenue ratio of 19.4% indicates conservative financial management.
Strong free cash flow margin of 16.2% provides substantial resources for dividends, buybacks, or reinvestment.
Valuation, risk assessment, competitive positioning, and key insights — all in one report.
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Based on 2026-Q2 (June 30, 2026)