Please be as detailed as posible.

X-Energy Services: Financial Statements for X-Energy Services for 2017 and 2016. X-Energy Services is an oil and gas equipment services company operating in Texas with 1,772 employees. The company is a leading U.S. onshore completion and production services provider. The company delivers a full range of services that maximize production and prolong the product life of wells and provides completion solutions with strong customer relationships.

QUESTION(s):

Analyze the trends in the debt ratios. Please be as detailed as possible.

Income Statement (000)	2017	2016
Total Revenue	543,660	282,354
Cost of Revenue	448,467	246,109
Gross Profit	95,193	36,245
Selling & Admin Exp.	41,515	37,652
Depreciaiton Expense	66,221	64,343
Total Operating Expense	107,736	101,995
Operating Income or Loss	(12,543)	(65,750)
Interest & other expenses	60,126	31,447
Earnings before Tax	(72,669)	(97,197)
Tax	(4,987)	(26,286)
Net Income	(67,682)	(70,911)
Dividends Paid	0	2,438
Addition to Ret. Earnings	(67,682)	(73,349)

Balance Sheet	2017	2016
Cash & Equivalents	17,513	4,074
Net Accounts Receivables	99,573	62,005
Inventory	22,230	15,169
Other Current Assets	7,921	9,466
Total Current Assets	147,237	90,714
Net Property, Plant & Equip.	259,039	273,210
Other Long Term Assets	157,301	201,430
Additional LT Assets	15,282	10,740
Total Assets	578,859	576,094
Current Liabilities
Accounts Payable	29,643	18,823
Short-term Debt	241,509	244,534
Other Current Liabilities	15,268	12,417
Total Current Liabilities	286,420	275,774
Long-term Debt	5,081	12,134
Total Liabilities	291,501	287,908
Equity
Retained Earnings	(94,081)	(26,399)
Common Stock	381,439	314,585
Total Equity	287,358	288,186
Total Liabs. & Equity	578,859	576,094