Weatherford International (WFRD) Asset Writedowns and Impairment (2014 - 2024)
Weatherford International (WFRD) posted Asset Writedowns and Impairment of $9 million for Q2 2024, up 50.0% from the prior quarter.
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Analysis
Weatherford International (WFRD) Asset Writedowns and Impairment (2014 - 2024) Analysis & Trends
For the trailing twelve months through Jun 30, 2024, Asset Writedowns and Impairment at Weatherford International was $23 million, unchanged year-over-year; for FY2023, it was $19 million, down 47.2% from FY2022.
- Annual Asset Writedowns and Impairment has declined for three consecutive years, with a five-year compound annual growth rate of -61.2% (FY2018 to FY2023).
- In prior years, Weatherford International's Asset Writedowns and Impairment was $36 million in FY2022 (-41.9%), $62 million in FY2021 (-94.1%), $1.05 billion in FY2020 (+40.4%) and $750 million in FY2019.
- The Q2 2024 figure stands as the highest quarterly Asset Writedowns and Impairment since Q1 2023.
- On a year-over-year basis, Asset Writedowns and Impairment increased in 1 of the last five quarters, with an average decline of 26.8%.
- The strongest year-over-year quarter for Asset Writedowns and Impairment in the past five years was Q3 2019, with growth of 478.3%; the weakest was Q1 2021, with a decline of 97.3%.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Slb | 72.34 Bn | 69.45 Bn | 1.40 Bn |
| 2 | Baker Hughes | 55.59 Bn | 18.87 Bn | 1.58 Bn |
| 3 | TechnipFMC | 27.02 Bn | 23.17 Bn | 684.70 Mn |
| 4 | Halliburton | 26.54 Bn | 18.29 Bn | 804.00 Mn |
| 5 | Nov | 6.72 Bn | 1.51 Bn | 521.00 Mn |
| 6 | Noble | 6.50 Bn | 4.43 Bn | 239.27 Mn |
| 7 | Transocean | 5.76 Bn | 3.47 Bn | 358.00 Mn |
| 8 | Weatherford International | 5.72 Bn | 1.66 Bn | 333.00 Mn |
| 9 | Kodiak Gas Services | 5.48 Bn | 5.25 Bn | 246.76 Mn |
| 10 | Valaris | 5.43 Bn | 3.05 Bn | 123.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2024 | 9.00 Mn |
| Mar 31, 2024 | 6.00 Mn |
| Dec 31, 2023 | 8.00 Mn |
| Mar 31, 2023 | 11.00 Mn |
| Dec 31, 2022 | 6.00 Mn |
| Sep 30, 2022 | 6.00 Mn |
| Jun 30, 2022 | 9.00 Mn |
| Mar 31, 2022 | 15.00 Mn |
| Dec 31, 2021 | 12.00 Mn |
| Sep 30, 2021 | 11.00 Mn |
| Jun 30, 2021 | 22.00 Mn |
| Mar 31, 2021 | 17.00 Mn |
| Dec 31, 2020 | -4.00 Mn |
| Sep 30, 2020 | 28.00 Mn |
| Jun 30, 2020 | 178.00 Mn |
| Mar 31, 2020 | 640.00 Mn |
| Dec 31, 2019 | 167.00 Mn |
| Sep 30, 2019 | 399.00 Mn |
| Jun 30, 2019 | 102.00 Mn |
| Mar 31, 2019 | 229.00 Mn |
API Access
Weatherford International Asset Writedowns and Impairment API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-writedowns-and-impairment&ticker=WFRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-writedowns-and-impairment", "ticker": "WFRD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-writedowns-and-impairment&ticker=WFRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();