Basic Energy Services Net Tangible Assets

Basic Energy Services posts a net tangible assets of $-250M as of March 2021. That compares with $-94M in the prior-year period — down 160.8% year over year. Comparing that reading with peers and prior periods is usually more useful than looking at the number in isolation.

In the prior comparable period, Basic Energy Services's net tangible assets was $-94M. The latest reading is $-250M — a 160.8% year-over-year decrease (period ending March 2021). Use the history and growth charts on this page for a longer lookback.

Net Tangible Assets is one piece of Basic Energy Services's financial statement story. At $-250M, it should be interpreted next to related metrics — for example revenue with costs, assets with liabilities, or income with margins. Stockcircle links those related pages so you can move from this number to the surrounding context quickly.

Context for BASX's net tangible assets usually means three checks: (1) trend versus prior periods, (2) level versus peers, and (3) consistency with growth and profitability. This page covers the first two; Basic Energy Services's other metric pages and overview cover the third.

Judging Basic Energy Services against Energy peers is usually better than using a market-wide rule of thumb. Business models inside Energy are more comparable, which makes gaps in net tangible assets easier to interpret. Start with $-250M here, then scan peer and history charts to see if the gap is persistent.