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 20Here'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 | 2025/02/02 02:04 |
End of Day Share Price | 2025/01/31 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 * |
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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 here.
Analysis Model and Snowflake
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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 .
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 |
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Nick Corcoran | Acumen Capital Finance Partners Limited |
Tim Monachello | ATB Capital Markets |
Randy Ollenberger | BMO Capital Markets Equity Research |