Source Energy Services Ltd.

OTCPK:SCEY.F Stock Report

Market Cap: US$96.1m

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 ratio1.5x
Cashn/a
EquityCA$174.21m
Total liabilitiesCA$346.39m
Total assetsCA$520.60m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: SCEY.F's short term assets (CA$162.4M) do not cover its short term liabilities (CA$268.4M).

Long Term Liabilities: SCEY.F's short term assets (CA$162.4M) exceed its long term liabilities (CA$78.0M).


Debt to Equity History and Analysis

Debt Level: SCEY.F's net debt to equity ratio (108.5%) is considered high.

Reducing Debt: SCEY.F's debt to equity ratio has increased from 59.3% to 108.5% over the past 5 years.

Debt Coverage: SCEY.F's debt is well covered by operating cash flow (34.7%).

Interest Coverage: SCEY.F's interest payments on its debt are not well covered by EBIT (1.5x coverage).


Balance Sheet


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