Source Energy Services Balance Sheet Health
Financial Health criteria checks 2/6
Source Energy Services has a total shareholder equity of CA$187.1M and total debt of CA$163.1M, which brings its debt-to-equity ratio to 87.2%. Its total assets and total liabilities are CA$513.3M and CA$326.3M respectively. Source Energy Services's EBIT is CA$51.0M making its interest coverage ratio 2. It has cash and short-term investments of CA$910.0K.
Key information
87.2%
Debt to equity ratio
CA$163.07m
Debt
| Interest coverage ratio | 2x |
| Cash | CA$910.00k |
| Equity | CA$187.09m |
| Total liabilities | CA$326.26m |
| Total assets | CA$513.34m |
Recent financial health updates
Does Source Energy Services (TSE:SHLE) Have A Healthy Balance Sheet?
Jan 20
Here'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 13Does Source Energy Services (TSE:SHLE) Have A Healthy Balance Sheet?
Dec 02Recent updates
Does Source Energy Services (TSE:SHLE) Have A Healthy Balance Sheet?
Jan 20Source Energy Services (TSE:SHLE) Is Experiencing Growth In Returns On Capital
Dec 19Investor Optimism Abounds Source Energy Services Ltd. (TSE:SHLE) But Growth Is Lacking
Nov 06Returns On Capital Are Showing Encouraging Signs At Source Energy Services (TSE:SHLE)
Sep 09The Market Lifts Source Energy Services Ltd. (TSE:SHLE) Shares 27% But It Can Do More
Jul 18Investors Give Source Energy Services Ltd. (TSE:SHLE) Shares A 28% Hiding
May 22Further 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$148.7M) do not cover its short term liabilities (CA$244.1M).
Long Term Liabilities: SHLE's short term assets (CA$148.7M) exceed its long term liabilities (CA$82.1M).
Debt to Equity History and Analysis
Debt Level: SHLE's net debt to equity ratio (86.7%) is considered high.
Reducing Debt: SHLE's debt to equity ratio has increased from 83.1% to 87.2% over the past 5 years.
Debt Coverage: SHLE's debt is well covered by operating cash flow (53.6%).
Interest Coverage: SHLE's interest payments on its debt are not well covered by EBIT (2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/16 13:04 |
| End of Day Share Price | 2025/02/14 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
Source Energy Services Ltd. is covered by 16 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nick Corcoran | Acumen Capital Finance Partners Limited |
| Tim Monachello | ATB Capital Markets |
| Randy Ollenberger | BMO Capital Markets Equity Research |