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Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Source Energy Services's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.01.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Source Energy Servicescouldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Source Energy Services's Cash-to-Debt or its related term are showing as below:
TSX:SHLE'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.16
Current: 0.01
During the past 10 years, Source Energy Services's highest Cash to Debt Ratio was 0.16. The lowest was 0.00. And the median was 0.03.
TSX:SHLE's Cash-to-Debt is ranked worse than 96.46% of 989
companies
in the Oil & Gas industry
Industry Median: 0.56
vs TSX:SHLE: 0.01
Source Energy Services (TSX:SHLE) Cash-to-Debt Explanation
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
Source Energy Services Cash-to-Debt Related Terms
Source Energy Services Cash-to-Debt Historical Data
* 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.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
TSX:SHLE vs SLB, BKR, HAL: Cash-to-Debt Comparison
For the Oil & Gas Equipment & Services subindustry, Source Energy Services's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Source Energy Services Cash-to-Debt vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Source Energy Services's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Source Energy Services's Cash-to-Debt falls into.
* 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.
Source Energy Services (TSX:SHLE) has a Cash-to-Debt of 0.01 as of Jun. 2026. This is 67% below median its historical median of 0.03. According to the industry distribution chart, Source Energy Services ranks #954 out of 989 companies in the Oil & Gas industry, placing it in the top 96.5%.
Is Source Energy Services' Cash-to-Debt too high?
Source Energy Services' current Cash-to-Debt of 0.01 is 67% below median its 10-year median of 0.03. The Oil & Gas industry median Cash-to-Debt is 0.56. Source Energy Services' value of 0.01 is 98.2% below this industry median. Based on the distribution chart, Source Energy Services ranks #954 out of 989 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Source Energy Services has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Source Energy Services' Cash-to-Debt compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Source Energy Services ranks #954 out of 989 companies for Cash-to-Debt. This places Source Energy Services in the lower half of its industry. The industry median Cash-to-Debt is 0.56. Source Energy Services' value of 0.01 is 98.2% below this benchmark. While the company's 10-year median is 0.03 vs. the industry median of 0.56, Source Energy Services has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for an Oil & Gas company?
The median Cash-to-Debt among Oil & Gas companies is 0.56, based on 989 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Source Energy Services's current Cash-to-Debt of 0.01 is 98.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median Cash-to-Debt is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Source Energy Services's current Cash-to-Debt is 0.01, which is 67% below median its own 10-year median of 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Source Energy Services stock overvalued right now?
Based on GuruFocus' analysis, Source Energy Services (TSX:SHLE) is currently considered Fairly Valued. The stock's GF Value™ is C$11.75, compared to a current price of C$11.00 — trading 6.4% below its estimated fair value. The current Cash-to-Debt is 0.01, which is 67% below median its 10-year median of 0.03 and 98.2% below the Oil & Gas industry median of 0.56. Source Energy Services' overall GF Score™ is 67/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Source Energy Services (TSX:SHLE), the current Cash-to-Debt is 0.01 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Source Energy Services (TSX:SHLE) Overvalued in 2026?
Based on GuruFocus' analysis, Source Energy Services stock appears to be undervalued.
The current stock price of C$11.00 is trading 6.4% below its estimated GF Value™ of C$11.75.
GuruFocus considers Source Energy Services to be Fairly Valued.
Key valuation signals for TSX:SHLE:
Cash-to-Debt: 0.01 (67% below median its 10-year median of 0.03)
GF Value™: C$11.75 vs. price of C$11.00 (6.4% below fair value)
Industry Position: 98.2% below the Oil & Gas median (#954 of 989)
No single metric tells the full story. See the TSX:SHLE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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, United States, and Peace River, Alberta, Canada mines and processing facilities, its Western Canadian terminal network, and its last-mile logistics capabilities, including its trucking operations, and Sahara, a proprietary well site mobile sand storage and handling system. The geographical segments of the group are the USA Operations and Canadian Operations.
67GF Score
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