Source Net Tangible Assets vs Net Debt Analysis

SHLE Stock

CAD 17.41 0.32 1.80%

Source Energy financial indicator trend analysis is much more than just breaking down Source Energy Services prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Source Energy Services is a good investment. Please check the relationship between Source Energy Net Tangible Assets and its Net Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Source Energy Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Net Tangible Assets vs Net Debt

Net Tangible Assets vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Source Energy Services Net Tangible Assets account and Net Debt. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Source Energy's Net Tangible Assets and Net Debt is 0.12. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Net Debt in the same time period over historical financial statements of Source Energy Services, assuming nothing else is changed. The correlation between historical values of Source Energy's Net Tangible Assets and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Source Energy Services are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Net Tangible Assets i.e., Source Energy's Net Tangible Assets and Net Debt go up and down completely randomly.

Correlation Coefficient

0.12

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Source Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Source Energy Services current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Source Energy Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Source Energy's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 13th of December 2024, Enterprise Value is likely to grow to about 358.9 M, while Selling General Administrative is likely to drop about 24.3 M.

	2021	2022	2023	2024 (projected)
Interest Expense	29.7M	32.3M	34.7M	26.1M
Depreciation And Amortization	31.1M	31.6M	37.9M	32.1M

Interest Expense Depreciation And Amortization

Source Energy fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Short Long Term Debt
Total Assets		0.47	-0.37	0.62	0.93	-0.11	0.77	0.98	-0.6	0.52	0.68	-0.47	0.99	0.77	0.82	-0.14	-0.22	0.37	0.28	0.19	0.82	-0.54	0.35	0.42	0.7	0.26
Short Long Term Debt Total	0.47		-0.6	0.48	0.14	-0.67	0.01	0.43	-0.83	0.89	0.62	-0.77	0.44	0.08	0.48	0.63	-0.63	-0.03	0.6	0.89	0.76	-0.87	-0.24	0.92	0.69	-0.14
Other Current Liab	-0.37	-0.6		-0.39	-0.17	0.44	-0.22	-0.26	0.62	-0.86	-0.52	0.75	-0.28	-0.15	-0.57	-0.24	0.97	-0.47	-0.48	-0.5	-0.61	0.44	-0.39	-0.56	-0.55	-0.02
Total Current Liabilities	0.62	0.48	-0.39		0.42	-0.54	0.13	0.49	-0.47	0.58	0.94	-0.73	0.53	0.18	0.55	-0.15	-0.33	0.6	0.7	0.27	0.74	-0.3	0.31	0.64	0.8	0.63
Total Stockholder Equity	0.93	0.14	-0.17	0.42		0.17	0.91	0.94	-0.4	0.22	0.43	-0.16	0.94	0.86	0.69	-0.39	0.01	0.38	0.01	-0.16	0.6	-0.33	0.46	0.05	0.46	0.32
Other Liab	-0.11	-0.67	0.44	-0.54	0.17		0.33	0.0	0.6	-0.69	-0.49	0.69	-0.03	0.29	-0.16	-0.41	0.52	-0.26	-0.59	-0.6	-0.46	0.4	0.3	-0.7	-0.47	-0.16
Net Tangible Assets	0.77	0.01	-0.22	0.13	0.91	0.33		0.82	-0.34	0.12	0.18	0.05	0.8	0.91	0.61	-0.32	-0.07	0.3	-0.21	-0.27	0.4	-0.26	0.41	-0.16	0.26	0.21
Property Plant And Equipment Net	0.98	0.43	-0.26	0.49	0.94	0.0	0.82		-0.56	0.42	0.55	-0.33	1.0	0.82	0.78	-0.11	-0.11	0.24	0.13	0.15	0.74	-0.57	0.26	0.33	0.58	0.19
Current Deferred Revenue	-0.6	-0.83	0.62	-0.47	-0.4	0.6	-0.34	-0.56		-0.83	-0.57	0.64	-0.56	-0.25	-0.4	-0.3	0.59	-0.19	-0.51	-0.54	-0.81	0.83	0.05	-0.63	-0.72	-0.14
Net Debt	0.52	0.89	-0.86	0.58	0.22	-0.69	0.12	0.42	-0.83		0.72	-0.91	0.44	0.11	0.6	0.41	-0.85	0.3	0.68	0.77	0.83	-0.68	0.12	0.86	0.77	-0.01
Accounts Payable	0.68	0.62	-0.52	0.94	0.43	-0.49	0.18	0.55	-0.57	0.72		-0.81	0.58	0.19	0.61	-0.01	-0.48	0.43	0.74	0.44	0.86	-0.4	0.31	0.75	0.87	0.42
Cash	-0.47	-0.77	0.75	-0.73	-0.16	0.69	0.05	-0.33	0.64	-0.91	-0.81		-0.37	0.05	-0.55	-0.19	0.72	-0.44	-0.74	-0.68	-0.78	0.52	-0.27	-0.86	-0.74	-0.14
Non Current Assets Total	0.99	0.44	-0.28	0.53	0.94	-0.03	0.8	1.0	-0.56	0.44	0.58	-0.37		0.81	0.81	-0.1	-0.13	0.27	0.16	0.17	0.75	-0.57	0.27	0.36	0.6	0.2
Non Currrent Assets Other	0.77	0.08	-0.15	0.18	0.86	0.29	0.91	0.82	-0.25	0.11	0.19	0.05	0.81		0.73	-0.15	-0.02	0.27	-0.17	-0.12	0.35	-0.25	0.25	-0.02	0.3	0.15
Other Assets	0.82	0.48	-0.57	0.55	0.69	-0.16	0.61	0.78	-0.4	0.6	0.61	-0.55	0.81	0.73		0.09	-0.47	0.42	0.2	0.37	0.64	-0.43	0.32	0.53	0.54	0.08
Long Term Debt	-0.14	0.63	-0.24	-0.15	-0.39	-0.41	-0.32	-0.11	-0.3	0.41	-0.01	-0.19	-0.1	-0.15	0.09		-0.38	-0.56	0.19	0.81	0.11	-0.47	-0.72	0.58	0.1	-0.64
Cash And Short Term Investments	-0.22	-0.63	0.97	-0.33	0.01	0.52	-0.07	-0.11	0.59	-0.85	-0.48	0.72	-0.13	-0.02	-0.47	-0.38		-0.34	-0.46	-0.57	-0.52	0.43	-0.21	-0.6	-0.47	0.04
Net Receivables	0.37	-0.03	-0.47	0.6	0.38	-0.26	0.3	0.24	-0.19	0.3	0.43	-0.44	0.27	0.27	0.42	-0.56	-0.34		0.31	-0.25	0.31	0.1	0.69	0.06	0.4	0.74
Common Stock Shares Outstanding	0.28	0.6	-0.48	0.7	0.01	-0.59	-0.21	0.13	-0.51	0.68	0.74	-0.74	0.16	-0.17	0.2	0.19	-0.46	0.31		0.53	0.7	-0.24	0.2	0.72	0.87	0.18
Non Current Liabilities Total	0.19	0.89	-0.5	0.27	-0.16	-0.6	-0.27	0.15	-0.54	0.77	0.44	-0.68	0.17	-0.12	0.37	0.81	-0.57	-0.25	0.53		0.52	-0.64	-0.38	0.91	0.49	-0.45
Inventory	0.82	0.76	-0.61	0.74	0.6	-0.46	0.4	0.74	-0.81	0.83	0.86	-0.78	0.75	0.35	0.64	0.11	-0.52	0.31	0.7	0.52		-0.64	0.28	0.73	0.91	0.17
Other Current Assets	-0.54	-0.87	0.44	-0.3	-0.33	0.4	-0.26	-0.57	0.83	-0.68	-0.4	0.52	-0.57	-0.25	-0.43	-0.47	0.43	0.1	-0.24	-0.64	-0.64		0.26	-0.64	-0.47	0.07
Other Stockholder Equity	0.35	-0.24	-0.39	0.31	0.46	0.3	0.41	0.26	0.05	0.12	0.31	-0.27	0.27	0.25	0.32	-0.72	-0.21	0.69	0.2	-0.38	0.28	0.26		-0.17	0.28	0.38
Total Liab	0.42	0.92	-0.56	0.64	0.05	-0.7	-0.16	0.33	-0.63	0.86	0.75	-0.86	0.36	-0.02	0.53	0.58	-0.6	0.06	0.72	0.91	0.73	-0.64	-0.17		0.73	-0.09
Property Plant And Equipment Gross	0.7	0.69	-0.55	0.8	0.46	-0.47	0.26	0.58	-0.72	0.77	0.87	-0.74	0.6	0.3	0.54	0.1	-0.47	0.4	0.87	0.49	0.91	-0.47	0.28	0.73		0.28
Short Long Term Debt	0.26	-0.14	-0.02	0.63	0.32	-0.16	0.21	0.19	-0.14	-0.01	0.42	-0.14	0.2	0.15	0.08	-0.64	0.04	0.74	0.18	-0.45	0.17	0.07	0.38	-0.09	0.28

Click cells to compare fundamentals

Source Energy Account Relationship Matchups

Source Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	496.7M	266.3M	266.0M	326.9M	482.8M	382.0M
Short Long Term Debt Total	238.9M	189.6M	221.5M	244.9M	221.8M	208.1M
Other Current Liab	(37.8M)	(21.1M)	(23.7M)	(34.2M)	1.3M	1.3M
Total Current Liabilities	67.4M	46.0M	50.3M	87.5M	108.4M	65.7M
Total Stockholder Equity	201.9M	32.7M	6.5M	5.7M	169.1M	103.3M
Other Liab	10.8M	9.0M	7.6M	6.5M	5.9M	10.7M
Net Tangible Assets	201.9M	32.7M	6.5M	5.7M	6.5M	6.2M
Property Plant And Equipment Net	353.1M	174.7M	158.7M	193.5M	315.8M	267.1M
Current Deferred Revenue	2.0M	776K	94K	153K	2.7M	1.9M
Net Debt	298.9M	231.9M	259.9M	313.4M	221.8M	214.2M
Accounts Payable	44.1M	33.2M	29.3M	68.4M	70.5M	42.9M
Cash	(60.0M)	(42.3M)	(38.4M)	(68.4M)	(61.6M)	(58.5M)
Non Current Assets Total	383.6M	174.7M	159.3M	204.4M	346.6M	277.6M
Non Currrent Assets Other	383.6M	(174.7M)	537K	10.9M	30.8M	29.3M
Other Assets	30.6M	0.0	537K	10.9M	12.5M	7.9M
Long Term Debt	178.8M	147.3M	175.5M	176.5M	141.5M	128.2M
Cash And Short Term Investments	4.6M	(60.0M)	(42.3M)	(38.4M)	(68.4M)	1.05
Net Receivables	49.5M	33.6M	43.5M	42.3M	44.0M	40.2M
Common Stock Shares Outstanding	5.1M	5.0M	5.0M	13.5M	14.1M	8.0M
Liabilities And Stockholders Equity	496.7M	266.3M	266.0M	326.9M	482.8M	382.0M
Non Current Liabilities Total	229.9M	187.5M	209.2M	233.8M	205.3M	213.4M
Inventory	60.9M	53.5M	56.3M	72.5M	85.1M	56.1M
Other Current Assets	2.6M	4.4M	6.9M	7.7M	7.1M	5.2M
Other Stockholder Equity	5.4M	7.6M	7.9M	2.5M	2.8M	3.0M
Total Liab	297.4M	233.6M	259.5M	321.2M	313.7M	279.1M
Property Plant And Equipment Gross	353.1M	174.7M	518.7M	599.1M	614.6M	384.1M
Short Long Term Debt	33.7M	516K	7.5M	17.6M	20.2M	12.4M
Total Current Assets	113.0M	91.5M	106.7M	122.5M	136.2M	104.4M
Accumulated Other Comprehensive Income	2.0M	8.2M	6.5M	14.4M	10.5M	6.6M
Short Term Debt	39.4M	22.1M	32.2M	35.4M	33.8M	24.4M
Common Stock	400.8M	399.5M	397.9M	410.6M	472.2M	315.9M
Property Plant Equipment	353.1M	174.7M	158.7M	193.5M	222.5M	258.1M
Long Term Debt Total	148.0M	219.2M	178.6M	201.6M	231.9M	196.5M
Retained Earnings	(205.9M)	(388.6M)	(413.0M)	(421.8M)	(254.5M)	(267.2M)
Net Invested Capital	380.7M	180.0M	189.6M	182.2M	328.2M	242.9M
Net Working Capital	45.6M	45.5M	56.4M	35.1M	27.8M	35.3M
Capital Lease Obligations	60.0M	42.3M	38.4M	68.4M	62.7M	50.1M

Pair Trading with Source Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Source Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Source Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Source Stock

0.75	ENB-PFV	Enbridge Pref 5	Pair Corr
0.83	ENS	E Split Corp	Pair Corr
0.9	ENS-PA	E Split Corp	Pair Corr

Moving against Source Stock

0.42	SAGE	Sage Potash Corp	Pair Corr
0.33	VZ	Verizon Communications	Pair Corr

The ability to find closely correlated positions to Source Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Source Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Source Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Source Energy Services to buy it.

The correlation of Source Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Source Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Source Energy Services moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Source Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Source Stock

Balance Sheet is a snapshot of the financial position of Source Energy Services at a specified time, usually calculated after every quarter, six months, or one year. Source Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Source Energy and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Source currently owns. An asset can also be divided into two categories, current and non-current.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Source Net Tangible Assets vs Net Debt Analysis

Net Tangible Assets vs Net Debt

Net Tangible Assets vs Net Debt Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Net Debt

Source Energy fundamental ratios Correlations

Source Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Source Energy fundamental ratios Accounts

Pair Trading with Source Energy

Moving together with Source Stock

Moving against Source Stock

Other Information on Investing in Source Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Non Current Assets Total	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.98	Total Assets
Cash And Short Term Investments	+ 0.97	Other Current Liab
Accounts Payable	+ 0.94	Total Current Liabilities
Property Plant And Equipment Net	+ 0.94	Total Stockholder Equity

Cash	- 0.91	Net Debt
Other Current Assets	- 0.87	Short Long Term Debt Total
Total Liab	- 0.86	Cash
Net Debt	- 0.86	Other Current Liab
Cash And Short Term Investments	- 0.85	Net Debt
Net Debt	- 0.83	Current Deferred Revenue