Source Energy Services (TSX:SHLE) Debt-to-Equity : 1.31 (As of Dec. 2023)

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What is Source Energy Services Debt-to-Equity?

Source Energy Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$33.8 Mil. Source Energy Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$188.0 Mil. Source Energy Services's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$169.1 Mil. Source Energy Services's debt to equity for the quarter that ended in Dec. 2023 was 1.31.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Source Energy Services's Debt-to-Equity or its related term are showing as below:

TSX:SHLE' s Debt-to-Equity Range Over the Past 10 Years
Min: -68.8 Med: 0.83 Max: 43.3
Current: 1.31

During the past 10 years, the highest Debt-to-Equity Ratio of Source Energy Services was 43.30. The lowest was -68.80. And the median was 0.83.

TSX:SHLE's Debt-to-Equity is ranked worse than
81.33% of 830 companies
in the Oil & Gas industry
Industry Median: 0.435 vs TSX:SHLE: 1.31

Source Energy Services Debt-to-Equity Historical Data

The historical data trend for Source Energy Services's Debt-to-Equity 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.

* Premium members only.

Source Energy Services Debt-to-Equity Chart

Source Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.18

5.80

33.94

43.30

1.31

Source Energy Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															43.30	17.45	16.58	11.87	1.31

Competitive Comparison of Source Energy Services's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, Source Energy Services's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Source Energy Services's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Source Energy Services's Debt-to-Equity falls into.

Source Energy Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Source Energy Services's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(33.834	+	187.951)	/	169.13
	=	1.31

Source Energy Services's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(33.834	+	187.951)	/	169.13
	=	1.31

Source Energy Services (TSX:SHLE) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Source Energy Services Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Source Energy Services's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Source Energy Services (TSX:SHLE) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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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