Secure Energy Services Inc.

TSX:SES Stock Report

Market Cap: CA$3.2b

Secure Energy Services Balance Sheet Health

Financial Health criteria checks 4/6

Secure Energy Services has a total shareholder equity of CA$1.2B and total debt of CA$966.0M, which brings its debt-to-equity ratio to 81.5%. Its total assets and total liabilities are CA$2.8B and CA$1.7B respectively. Secure Energy Services's EBIT is CA$355.0M making its interest coverage ratio 4.2. It has cash and short-term investments of CA$12.0M.

Key information

81.5%

Debt to equity ratio

CA$966.00m

Debt

Interest coverage ratio4.2x
CashCA$12.00m
EquityCA$1.19b
Total liabilitiesCA$1.66b
Total assetsCA$2.84b

Recent financial health updates

Recent updates

Secure Energy Services' (TSE:SES) Dividend Will Be CA$0.10

Mar 21
Secure Energy Services' (TSE:SES) Dividend Will Be CA$0.10

There's Reason For Concern Over Secure Energy Services Inc.'s (TSE:SES) Price

Feb 12
There's Reason For Concern Over Secure Energy Services Inc.'s (TSE:SES) Price

Calculating The Intrinsic Value Of Secure Energy Services Inc. (TSE:SES)

Jan 05
Calculating The Intrinsic Value Of Secure Energy Services Inc. (TSE:SES)

Secure Energy Services Inc. (TSE:SES) Analysts Just Trimmed Their Revenue Forecasts By 13%

Dec 12
Secure Energy Services Inc. (TSE:SES) Analysts Just Trimmed Their Revenue Forecasts By 13%

Here's Why Secure Energy Services (TSE:SES) Can Manage Its Debt Responsibly

Nov 30
Here's Why Secure Energy Services (TSE:SES) Can Manage Its Debt Responsibly

Investor Optimism Abounds Secure Energy Services Inc. (TSE:SES) But Growth Is Lacking

Oct 30
Investor Optimism Abounds Secure Energy Services Inc. (TSE:SES) But Growth Is Lacking

Secure Energy Services (TSE:SES) Has A Pretty Healthy Balance Sheet

Aug 27
Secure Energy Services (TSE:SES) Has A Pretty Healthy Balance Sheet

Is Secure Energy Services Inc. (TSE:SES) Trading At A 40% Discount?

Jun 08
Is Secure Energy Services Inc. (TSE:SES) Trading At A 40% Discount?

The Return Trends At Secure Energy Services (TSE:SES) Look Promising

Mar 20
The Return Trends At Secure Energy Services (TSE:SES) Look Promising

Secure Energy Services Inc. (TSE:SES) Shares Could Be 46% Below Their Intrinsic Value Estimate

Feb 03
Secure Energy Services Inc. (TSE:SES) Shares Could Be 46% Below Their Intrinsic Value Estimate

Is Secure Energy Services (TSE:SES) A Risky Investment?

Jan 04
Is Secure Energy Services (TSE:SES) A Risky Investment?

Secure Energy Services Inc.'s (TSE:SES) Intrinsic Value Is Potentially 59% Above Its Share Price

Aug 31
Secure Energy Services Inc.'s (TSE:SES) Intrinsic Value Is Potentially 59% Above Its Share Price

Are Investors Undervaluing Secure Energy Services Inc. (TSE:SES) By 36%?

May 11
Are Investors Undervaluing Secure Energy Services Inc. (TSE:SES) By 36%?

Analysts Just Shipped A Substantial Upgrade To Their Secure Energy Services Inc. (TSE:SES) Estimates

Jul 30
Analysts Just Shipped A Substantial Upgrade To Their Secure Energy Services Inc. (TSE:SES) Estimates

Would Secure Energy Services (TSE:SES) Be Better Off With Less Debt?

May 17
Would Secure Energy Services (TSE:SES) Be Better Off With Less Debt?

Here's Why Shareholders Should Examine Secure Energy Services Inc.'s (TSE:SES) CEO Compensation Package More Closely

Apr 21
Here's Why Shareholders Should Examine Secure Energy Services Inc.'s (TSE:SES) CEO Compensation Package More Closely

What Type Of Shareholders Make Up Secure Energy Services Inc.'s (TSE:SES) Share Registry?

Mar 17
What Type Of Shareholders Make Up Secure Energy Services Inc.'s (TSE:SES) Share Registry?

Financial Position Analysis

Short Term Liabilities: SES's short term assets (CA$1.2B) exceed its short term liabilities (CA$472.0M).

Long Term Liabilities: SES's short term assets (CA$1.2B) exceed its long term liabilities (CA$1.2B).


Debt to Equity History and Analysis

Debt Level: SES's net debt to equity ratio (80.4%) is considered high.

Reducing Debt: SES's debt to equity ratio has increased from 48.9% to 81.5% over the past 5 years.

Debt Coverage: SES's debt is well covered by operating cash flow (44.5%).

Interest Coverage: SES's interest payments on its debt are well covered by EBIT (4.2x coverage).


Balance Sheet


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