Source Energy Services Ltd.

Toronto Stock Exchange SHLE.TO

Source Energy Services Ltd. Interest Coverage Ratio for the year ending December 31, 2023: 5.16

Source Energy Services Ltd. Interest Coverage Ratio is 5.16 for the year ending December 31, 2023, a 590.15% change year over year. Interest coverage ratio assesses earnings' ability to cover interest expenses; higher ratios signal lower risk.

Source Energy Services Ltd. Interest Coverage Ratio for the year ending December 31, 2022 was 0.75, a 284.07% change year over year.
Source Energy Services Ltd. Interest Coverage Ratio for the year ending December 31, 2021 was 0.19, a 104.56% change year over year.
Source Energy Services Ltd. Interest Coverage Ratio for the year ending December 31, 2020 was -4.27, a -37.66% change year over year.
Source Energy Services Ltd. Interest Coverage Ratio for the year ending December 31, 2019 was -3.10.

Key data

Date	Interest Coverage Ratio	Debt to Equity Ratio	Interest Expense To Sales	Inventory Turnover Ratio

Toronto Stock Exchange: SHLE.TO

Source Energy Services Ltd.

CEO	Mr. Scott Melbourn
IPO Date	April 18, 2017
Location	Canada
Headquarters	1060 - 7th Street SW
Employees	451
Sector	Energy
Industries Oil Sands Drilling Fracking Gas Offshore Drilling Oil & Gas Petrochemicals Pipeline Transport

Description

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.

Key trends

Past 5 years