Surge Energy Inc.

TSX:SGY Stock Report

Market Cap: CA$716.4m

Surge Energy Balance Sheet Health

Financial Health criteria checks 3/6

Surge Energy has a total shareholder equity of CA$746.1M and total debt of CA$217.3M, which brings its debt-to-equity ratio to 29.1%. Its total assets and total liabilities are CA$1.3B and CA$602.2M respectively. Surge Energy's EBIT is CA$30.5M making its interest coverage ratio 1.2. It has cash and short-term investments of CA$8.4M.

Key information

29.13%

Debt to equity ratio

CA$217.31m

Debt

Interest coverage ratio1.2x
CashCA$8.43m
EquityCA$746.12m
Total liabilitiesCA$602.21m
Total assetsCA$1.35b

Recent financial health updates

No updates

Recent updates

Surge Energy's (TSE:SGY) Solid Earnings May Rest On Weak Foundations

Aug 04
Surge Energy's (TSE:SGY) Solid Earnings May Rest On Weak Foundations

Surge Energy (TSE:SGY) Is Due To Pay A Dividend Of CA$0.0433

Jul 18
Surge Energy (TSE:SGY) Is Due To Pay A Dividend Of CA$0.0433

Surge Energy Inc. (TSE:SGY) Stock Rockets 25% But Many Are Still Ignoring The Company

Jun 20
Surge Energy Inc. (TSE:SGY) Stock Rockets 25% But Many Are Still Ignoring The Company

Surge Energy's (TSE:SGY) Dividend Will Be CA$0.0433

May 19
Surge Energy's (TSE:SGY) Dividend Will Be CA$0.0433

Surge Energy (TSE:SGY) Is Paying Out A Dividend Of CA$0.0433

Mar 21
Surge Energy (TSE:SGY) Is Paying Out A Dividend Of CA$0.0433

Surge Energy's (TSE:SGY) Dividend Will Be CA$0.0433

Feb 21
Surge Energy's (TSE:SGY) Dividend Will Be CA$0.0433

Surge Energy (TSE:SGY) Is Due To Pay A Dividend Of CA$0.0433

Dec 24
Surge Energy (TSE:SGY) Is Due To Pay A Dividend Of CA$0.0433

Surge Energy's (TSE:SGY) Shareholders Will Receive A Bigger Dividend Than Last Year

Aug 19
Surge Energy's (TSE:SGY) Shareholders Will Receive A Bigger Dividend Than Last Year

Surge Energy (TSE:SGY) Is Increasing Its Dividend To CA$0.043

Jul 18
Surge Energy (TSE:SGY) Is Increasing Its Dividend To CA$0.043

Surge Energy's (TSE:SGY) Dividend Will Be CA$0.04

Jun 20
Surge Energy's (TSE:SGY) Dividend Will Be CA$0.04

Surge Energy (TSE:SGY) Is Paying Out A Dividend Of CA$0.04

May 23
Surge Energy (TSE:SGY) Is Paying Out A Dividend Of CA$0.04

Shareholders May Not Be So Generous With Surge Energy Inc.'s (TSE:SGY) CEO Compensation And Here's Why

May 08
Shareholders May Not Be So Generous With Surge Energy Inc.'s (TSE:SGY) CEO Compensation And Here's Why

Surge Energy's (TSE:SGY) Dividend Will Be CA$0.04

Mar 18
Surge Energy's (TSE:SGY) Dividend Will Be CA$0.04

Surge Energy's (TSE:SGY) Dividend Will Be CA$0.04

Feb 19
Surge Energy's (TSE:SGY) Dividend Will Be CA$0.04

Surge Energy (TSE:SGY) Has Affirmed Its Dividend Of CA$0.04

Jan 19
Surge Energy (TSE:SGY) Has Affirmed Its Dividend Of CA$0.04

Surge Energy's (TSE:SGY) Dividend Will Be CA$0.04

Nov 18
Surge Energy's (TSE:SGY) Dividend Will Be CA$0.04

Financial Position Analysis

Short Term Liabilities: SGY's short term assets (CA$77.6M) do not cover its short term liabilities (CA$92.8M).

Long Term Liabilities: SGY's short term assets (CA$77.6M) do not cover its long term liabilities (CA$509.4M).

Debt to Equity History and Analysis

Debt Level: SGY's net debt to equity ratio (28%) is considered satisfactory.

Reducing Debt: SGY's debt to equity ratio has reduced from 22354.9% to 29.1% over the past 5 years.

Debt Coverage: SGY's debt is well covered by operating cash flow (128%).

Interest Coverage: SGY's interest payments on its debt are not well covered by EBIT (1.2x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/08/13 17:56
End of Day Share Price 2025/08/13 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Surge Energy Inc. is covered by 29 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Trevor ReynoldsAcumen Capital Finance Partners Limited
Laique Ahmad Amir ArifATB Capital Markets
Patrick O'RourkeATB Capital Markets