Source Energy Services (TSX:SHLE) LT-Debt-to-Total-Asset : 0.12 (As of Mar. 2024)

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What is Source Energy Services LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Source Energy Services's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.12.

Source Energy Services's long-term debt to total assets ratio declined from Mar. 2023 (0.67) to Mar. 2024 (0.12). It may suggest that Source Energy Services is progressively becoming less dependent on debt to grow their business.

Source Energy Services LT-Debt-to-Total-Asset Historical Data

The historical data trend for Source Energy Services's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Source Energy Services LT-Debt-to-Total-Asset Chart

Source Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.44

0.67

0.76

0.70

0.39

Source Energy Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.67	0.67	0.64	0.39	0.12

Source Energy Services LT-Debt-to-Total-Asset Calculation

Source Energy Services's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	187.951	/	482.83
	=	0.39

Source Energy Services's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	62.035	/	520.6
	=	0.12

Source Energy Services (TSX:SHLE) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Source Energy Services LT-Debt-to-Total-Asset Related Terms

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Source Energy Services (TSX:SHLE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Source Energy Services Ltd (TSX:SHLE) » Definitions » LT-Debt-to-Total-Asset

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SCEYF:USA S4O0:Germany

Address

500, 1060 - 7th Street SW, Calgary, AB, CAN, T2R 0C4

Website

https://www.sourceenergyservices.com

Source Energy Services Ltd is a Canada based company engaged in the integrated production and distribution of frac sand as well as the distribution of other bulk oil and gas well completion materials that aren't produced by Source. It provides customers with an end-to-end solution for frac sand supported by its Wisconsin mines and processing facilities, its Western Canadian terminal network and its last mile logistics capabilities. The company also offers storage and logistics services for other bulk oil and gas well completion materials and has developed Sahara, a proprietary wellsite mobile sand storage and handling system. The geographical segments of the group are the US Operations and Canadian Operations.

Executives

Derren James Newell

Senior Officer

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