Source Energy Services Balance Sheet Health
Financial Health criteria checks 2/6
Source Energy Services has a total shareholder equity of CA$169.1M and total debt of CA$159.1M, which brings its debt-to-equity ratio to 94.1%. Its total assets and total liabilities are CA$482.8M and CA$313.7M respectively.
Key information
94.1%
Debt to equity ratio
CA$159.10m
Debt
| Interest coverage ratio | 1.7x |
| Cash | n/a |
| Equity | CA$169.13m |
| Total liabilities | CA$313.70m |
| Total assets | CA$482.83m |
Recent financial health updates
Here's Why Source Energy Services (TSE:SHLE) Has A Meaningful Debt Burden
Jan 23
These 4 Measures Indicate That Source Energy Services (TSE:SHLE) Is Using Debt Extensively
Sep 13Does Source Energy Services (TSE:SHLE) Have A Healthy Balance Sheet?
Dec 02Recent updates
Further Upside For Source Energy Services Ltd. (TSE:SHLE) Shares Could Introduce Price Risks After 48% Bounce
Mar 27Source Energy Services (TSE:SHLE) Is Posting Healthy Earnings, But It Is Not All Good News
Mar 14Take Care Before Diving Into The Deep End On Source Energy Services Ltd. (TSE:SHLE)
Jan 18The Return Trends At Source Energy Services (TSE:SHLE) Look Promising
Aug 10Broker Revenue Forecasts For Source Energy Services Ltd. (TSE:SHLE) Are Surging Higher
May 11Returns Are Gaining Momentum At Source Energy Services (TSE:SHLE)
Apr 19Here's Why Source Energy Services (TSE:SHLE) Has A Meaningful Debt Burden
Jan 23These 4 Measures Indicate That Source Energy Services (TSE:SHLE) Is Using Debt Extensively
Sep 13Calculating The Fair Value Of Source Energy Services Ltd. (TSE:SHLE)
May 26Does Source Energy Services (TSE:SHLE) Have A Healthy Balance Sheet?
Dec 02Statutory Earnings May Not Be The Best Way To Understand Source Energy Services' (TSE:SHLE) True Position
Aug 04Is There An Opportunity With Source Energy Services Ltd.'s (TSE:SHLE) 30% Undervaluation?
Mar 23Financial Position Analysis
Short Term Liabilities: SHLE's short term assets (CA$136.2M) exceed its short term liabilities (CA$108.4M).
Long Term Liabilities: SHLE's short term assets (CA$136.2M) do not cover its long term liabilities (CA$205.3M).
Debt to Equity History and Analysis
Debt Level: SHLE's net debt to equity ratio (94.1%) is considered high.
Reducing Debt: SHLE's debt to equity ratio has increased from 48.2% to 94.1% over the past 5 years.
Debt Coverage: SHLE's debt is well covered by operating cash flow (50.4%).
Interest Coverage: SHLE's interest payments on its debt are not well covered by EBIT (1.7x coverage).