Lorne Thompson - AKITA Drilling Vice Operations

AKT-A Stock  CAD 1.60  0.03  1.84%   

Executive

Lorne Thompson is Vice Operations of AKITA Drilling
Age 54
Address 1000, 333 ? 7th Avenue SW, Calgary, AB, Canada, T2P 2Z1
Phone403 292 7979
Webhttps://www.akita-drilling.com

AKITA Drilling Management Efficiency

Return On Tangible Assets is likely to drop to 0.06 in 2024. Return On Capital Employed is likely to drop to 0.06 in 2024. Non Current Liabilities Total is likely to gain to about 79.5 M in 2024, whereas Total Current Liabilities is likely to drop slightly above 24.5 M in 2024. AKITA Drilling's management efficiency ratios could be used to measure how well AKITA Drilling manages its routine affairs as well as how well it operates its assets and liabilities.
AKITA Drilling has accumulated 70.42 M in total debt with debt to equity ratio (D/E) of 0.43, which is about average as compared to similar companies. AKITA Drilling has a current ratio of 1.81, which is within standard range for the sector. Debt can assist AKITA Drilling until it has trouble settling it off, either with new capital or with free cash flow. So, AKITA Drilling's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like AKITA Drilling sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for AKITA to invest in growth at high rates of return. When we think about AKITA Drilling's use of debt, we should always consider it together with cash and equity.

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AKITA Drilling Ltd. provides contract drilling services in Canada and the United States. AKITA Drilling Ltd. was founded in 1964 and is headquartered in Calgary, Canada. AKITA DRILLING operates under Oil Gas Drilling classification in Canada and is traded on Toronto Stock Exchange. It employs 1067 people. AKITA Drilling (AKT-A) is traded on Toronto Exchange in Canada and employs 1,068 people. AKITA Drilling is listed under Energy Equipment & Services category by Fama And French industry classification.

Management Performance

AKITA Drilling Leadership Team

Elected by the shareholders, the AKITA Drilling's board of directors comprises two types of representatives: AKITA Drilling inside directors who are chosen from within the company, and outside directors, selected externally and held independent of AKITA. The board's role is to monitor AKITA Drilling's management team and ensure that shareholders' interests are well served. AKITA Drilling's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, AKITA Drilling's outside directors are responsible for providing unbiased perspectives on the board's policies.
Colin Dease, CEO President
Clayton Bourque, Vice Development
Linda ICDD, Executive Chair
Lorne Thompson, Vice Operations
Fred Hensel, VP Operations

AKITA Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is AKITA Drilling a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Additional Tools for AKITA Stock Analysis

When running AKITA Drilling's price analysis, check to measure AKITA Drilling's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AKITA Drilling is operating at the current time. Most of AKITA Drilling's value examination focuses on studying past and present price action to predict the probability of AKITA Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AKITA Drilling's price. Additionally, you may evaluate how the addition of AKITA Drilling to your portfolios can decrease your overall portfolio volatility.