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
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SCEY.F's short term assets (CA$136.2M) exceed its short term liabilities (CA$108.4M).
Long Term Liabilities: SCEY.F'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: SCEY.F's net debt to equity ratio (94.1%) is considered high.
Reducing Debt: SCEY.F's debt to equity ratio has increased from 48.2% to 94.1% over the past 5 years.
Debt Coverage: SCEY.F's debt is well covered by operating cash flow (50.4%).
Interest Coverage: SCEY.F's interest payments on its debt are not well covered by EBIT (1.7x coverage).