Source Energy Services Balance Sheet Health
Financial Health criteria checks 2/6
Source Energy Services has a total shareholder equity of CA$179.6M and total debt of CA$156.3M, which brings its debt-to-equity ratio to 87%. Its total assets and total liabilities are CA$514.8M and CA$335.3M respectively.
Key information
87.0%
Debt to equity ratio
CA$156.26m
Debt
Interest coverage ratio | 1.8x |
Cash | n/a |
Equity | CA$179.57m |
Total liabilities | CA$335.26m |
Total assets | CA$514.83m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: S4O0's short term assets (CA$158.0M) do not cover its short term liabilities (CA$266.2M).
Long Term Liabilities: S4O0's short term assets (CA$158.0M) exceed its long term liabilities (CA$69.1M).
Debt to Equity History and Analysis
Debt Level: S4O0's net debt to equity ratio (87%) is considered high.
Reducing Debt: S4O0's debt to equity ratio has increased from 67.9% to 87% over the past 5 years.
Debt Coverage: S4O0's debt is well covered by operating cash flow (57.1%).
Interest Coverage: S4O0's interest payments on its debt are not well covered by EBIT (1.8x coverage).