Source Energy Services Balance Sheet Health
Financial Health criteria checks 2/6
Source Energy Services has a total shareholder equity of CA$174.2M and total debt of CA$189.0M, which brings its debt-to-equity ratio to 108.5%. Its total assets and total liabilities are CA$520.6M and CA$346.4M respectively.
Key information
108.5%
Debt to equity ratio
CA$189.05m
Debt
Interest coverage ratio | 1.5x |
Cash | n/a |
Equity | CA$174.21m |
Total liabilities | CA$346.39m |
Total assets | CA$520.60m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: S4O0's short term assets (CA$162.4M) do not cover its short term liabilities (CA$268.4M).
Long Term Liabilities: S4O0's short term assets (CA$162.4M) exceed its long term liabilities (CA$78.0M).
Debt to Equity History and Analysis
Debt Level: S4O0's net debt to equity ratio (108.5%) is considered high.
Reducing Debt: S4O0's debt to equity ratio has increased from 59.3% to 108.5% over the past 5 years.
Debt Coverage: S4O0's debt is well covered by operating cash flow (34.7%).
Interest Coverage: S4O0's interest payments on its debt are not well covered by EBIT (1.5x coverage).