Source Energy Services Ltd.

Source Energy Services Ltd.verified

SHLE.TO

Price:

$11.85

Market Cap:

$160.51M

Source Energy Services Ltd. produces, supplies, and distributes Northern White frac sand used primarily in oil and gas exploration and production in Western Canada and the United States. It also provides storage and logistics services for other bulk oil and gas well completion materials; and develops wellsite mobile sand storage and handling system. The company was founded in 2017 and is headquartered in Calgary, Canada.[Read more]

Industry

Oil & Gas Equipment & Services

IPO Date

2017-04-18

Stock Exchange

TSX

Ticker

SHLE.TO

The Current Ratio as of September 2024 (TTM) for Source Energy Services Ltd. (SHLE.TO) is 0.59

According to Source Energy Services Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 0.59. This represents a change of -38.64% compared to the average of 0.97 of the last 4 quarters.

Source Energy Services Ltd. (SHLE.TO) Historical Current Ratio (quarterly & annually)

How has SHLE.TO Current Ratio performed in the past?

The mean historical Current Ratio of Source Energy Services Ltd. over the last ten years is 1.64. The current 0.59 Current Ratio has changed 3.51% with respect to the historical average. Over the past ten years (40 quarters), SHLE.TO's Current Ratio was at its highest in in the June 2018 quarter at 2.69. The Current Ratio was at its lowest in in the March 2016 quarter at 0.

Quarterly (TTM)
Annual

Average

1.64

Median

1.54

Minimum

1.16

Maximum

2.50

Source Energy Services Ltd. (SHLE.TO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Source Energy Services Ltd. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 68.98%

Maximum Annual Current Ratio = 2.50

Minimum Annual Increase = -33.96%

Minimum Annual Current Ratio = 1.16

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.26-10.32%
20221.40-33.96%
20212.126.70%
20201.9918.63%
20191.68-32.92%
20182.5068.98%
20171.4827.60%
20161.16-7.89%
20151.26-21.03%

Source Energy Services Ltd. (SHLE.TO) Average Current Ratio

How has SHLE.TO Current Ratio performed in the past?

The current Current Ratio of Source Energy Services Ltd. (SHLE.TO) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.59

5-year avg

1.69

10-year avg

1.64

Source Energy Services Ltd. (SHLE.TO) Current Ratio vs. Peers

How is SHLE.TO’s Current Ratio compared to its peers?

Source Energy Services Ltd.’s Current Ratio is less than STEP Energy Services Ltd. (1.47), less than Calfrac Well Services Ltd. (2.31), less than InPlay Oil Corp. (1.00), less than Yangarra Resources Ltd. (2.01), less than Cathedral Energy Services Ltd. (1.46),

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