Source Total Current Liabilities vs Current Deferred Revenue Analysis

SHLE Stock  CAD 16.79  0.62  3.56%   
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 Total Current Liabilities and its Current Deferred Revenue 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.

Total Current Liabilities vs Current Deferred Revenue

Total Current Liabilities vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Source Energy Services Total Current Liabilities account and Current Deferred Revenue. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Source Energy's Total Current Liabilities and Current Deferred Revenue is -0.47. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Current Deferred Revenue 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 Total Current Liabilities and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Source Energy Services are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Total Current Liabilities i.e., Source Energy's Total Current Liabilities and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

-0.47
Relationship DirectionNegative 
Relationship StrengthVery Weak

Total Current Liabilities

Total Current Liabilities is an item on Source Energy balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Source Energy Services are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
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 Expense29.7M32.3M34.7M26.1M
Depreciation And Amortization31.1M31.6M37.9M32.1M

Source Energy fundamental ratios Correlations

0.47-0.370.620.93-0.110.770.98-0.60.520.68-0.470.990.770.82-0.14-0.220.370.280.190.82-0.540.350.420.70.26
0.47-0.60.480.14-0.670.010.43-0.830.890.62-0.770.440.080.480.63-0.63-0.030.60.890.76-0.87-0.240.920.69-0.14
-0.37-0.6-0.39-0.170.44-0.22-0.260.62-0.86-0.520.75-0.28-0.15-0.57-0.240.97-0.47-0.48-0.5-0.610.44-0.39-0.56-0.55-0.02
0.620.48-0.390.42-0.540.130.49-0.470.580.94-0.730.530.180.55-0.15-0.330.60.70.270.74-0.30.310.640.80.63
0.930.14-0.170.420.170.910.94-0.40.220.43-0.160.940.860.69-0.390.010.380.01-0.160.6-0.330.460.050.460.32
-0.11-0.670.44-0.540.170.330.00.6-0.69-0.490.69-0.030.29-0.16-0.410.52-0.26-0.59-0.6-0.460.40.3-0.7-0.47-0.16
0.770.01-0.220.130.910.330.82-0.340.120.180.050.80.910.61-0.32-0.070.3-0.21-0.270.4-0.260.41-0.160.260.21
0.980.43-0.260.490.940.00.82-0.560.420.55-0.331.00.820.78-0.11-0.110.240.130.150.74-0.570.260.330.580.19
-0.6-0.830.62-0.47-0.40.6-0.34-0.56-0.83-0.570.64-0.56-0.25-0.4-0.30.59-0.19-0.51-0.54-0.810.830.05-0.63-0.72-0.14
0.520.89-0.860.580.22-0.690.120.42-0.830.72-0.910.440.110.60.41-0.850.30.680.770.83-0.680.120.860.77-0.01
0.680.62-0.520.940.43-0.490.180.55-0.570.72-0.810.580.190.61-0.01-0.480.430.740.440.86-0.40.310.750.870.42
-0.47-0.770.75-0.73-0.160.690.05-0.330.64-0.91-0.81-0.370.05-0.55-0.190.72-0.44-0.74-0.68-0.780.52-0.27-0.86-0.74-0.14
0.990.44-0.280.530.94-0.030.81.0-0.560.440.58-0.370.810.81-0.1-0.130.270.160.170.75-0.570.270.360.60.2
0.770.08-0.150.180.860.290.910.82-0.250.110.190.050.810.73-0.15-0.020.27-0.17-0.120.35-0.250.25-0.020.30.15
0.820.48-0.570.550.69-0.160.610.78-0.40.60.61-0.550.810.730.09-0.470.420.20.370.64-0.430.320.530.540.08
-0.140.63-0.24-0.15-0.39-0.41-0.32-0.11-0.30.41-0.01-0.19-0.1-0.150.09-0.38-0.560.190.810.11-0.47-0.720.580.1-0.64
-0.22-0.630.97-0.330.010.52-0.07-0.110.59-0.85-0.480.72-0.13-0.02-0.47-0.38-0.34-0.46-0.57-0.520.43-0.21-0.6-0.470.04
0.37-0.03-0.470.60.38-0.260.30.24-0.190.30.43-0.440.270.270.42-0.56-0.340.31-0.250.310.10.690.060.40.74
0.280.6-0.480.70.01-0.59-0.210.13-0.510.680.74-0.740.16-0.170.20.19-0.460.310.530.7-0.240.20.720.870.18
0.190.89-0.50.27-0.16-0.6-0.270.15-0.540.770.44-0.680.17-0.120.370.81-0.57-0.250.530.52-0.64-0.380.910.49-0.45
0.820.76-0.610.740.6-0.460.40.74-0.810.830.86-0.780.750.350.640.11-0.520.310.70.52-0.640.280.730.910.17
-0.54-0.870.44-0.3-0.330.4-0.26-0.570.83-0.68-0.40.52-0.57-0.25-0.43-0.470.430.1-0.24-0.64-0.640.26-0.64-0.470.07
0.35-0.24-0.390.310.460.30.410.260.050.120.31-0.270.270.250.32-0.72-0.210.690.2-0.380.280.26-0.170.280.38
0.420.92-0.560.640.05-0.7-0.160.33-0.630.860.75-0.860.36-0.020.530.58-0.60.060.720.910.73-0.64-0.170.73-0.09
0.70.69-0.550.80.46-0.470.260.58-0.720.770.87-0.740.60.30.540.1-0.470.40.870.490.91-0.470.280.730.28
0.26-0.14-0.020.630.32-0.160.210.19-0.14-0.010.42-0.140.20.150.08-0.640.040.740.18-0.450.170.070.38-0.090.28
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Source Energy Account Relationship Matchups

Source Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets496.7M266.3M266.0M326.9M482.8M382.0M
Short Long Term Debt Total238.9M189.6M221.5M244.9M221.8M208.1M
Other Current Liab(37.8M)(21.1M)(23.7M)(34.2M)1.3M1.3M
Total Current Liabilities67.4M46.0M50.3M87.5M108.4M65.7M
Total Stockholder Equity201.9M32.7M6.5M5.7M169.1M103.3M
Other Liab10.8M9.0M7.6M6.5M5.9M10.7M
Net Tangible Assets201.9M32.7M6.5M5.7M6.5M6.2M
Property Plant And Equipment Net353.1M174.7M158.7M193.5M315.8M267.1M
Current Deferred Revenue2.0M776K94K153K2.7M1.9M
Net Debt298.9M231.9M259.9M313.4M221.8M214.2M
Accounts Payable44.1M33.2M29.3M68.4M70.5M42.9M
Cash(60.0M)(42.3M)(38.4M)(68.4M)(61.6M)(58.5M)
Non Current Assets Total383.6M174.7M159.3M204.4M346.6M277.6M
Non Currrent Assets Other383.6M(174.7M)537K10.9M30.8M29.3M
Other Assets30.6M0.0537K10.9M12.5M7.9M
Long Term Debt178.8M147.3M175.5M176.5M141.5M128.2M
Cash And Short Term Investments4.6M(60.0M)(42.3M)(38.4M)(68.4M)1.05
Net Receivables49.5M33.6M43.5M42.3M44.0M40.2M
Common Stock Shares Outstanding5.1M5.0M5.0M13.5M14.1M8.0M
Liabilities And Stockholders Equity496.7M266.3M266.0M326.9M482.8M382.0M
Non Current Liabilities Total229.9M187.5M209.2M233.8M205.3M213.4M
Inventory60.9M53.5M56.3M72.5M85.1M56.1M
Other Current Assets2.6M4.4M6.9M7.7M7.1M5.2M
Other Stockholder Equity5.4M7.6M7.9M2.5M2.8M3.0M
Total Liab297.4M233.6M259.5M321.2M313.7M279.1M
Property Plant And Equipment Gross353.1M174.7M518.7M599.1M614.6M384.1M
Short Long Term Debt33.7M516K7.5M17.6M20.2M12.4M
Total Current Assets113.0M91.5M106.7M122.5M136.2M104.4M
Accumulated Other Comprehensive Income2.0M8.2M6.5M14.4M10.5M6.6M
Short Term Debt39.4M22.1M32.2M35.4M33.8M24.4M
Common Stock400.8M399.5M397.9M410.6M472.2M315.9M
Property Plant Equipment353.1M174.7M158.7M193.5M222.5M258.1M
Long Term Debt Total148.0M219.2M178.6M201.6M231.9M196.5M
Retained Earnings(205.9M)(388.6M)(413.0M)(421.8M)(254.5M)(267.2M)
Net Invested Capital380.7M180.0M189.6M182.2M328.2M242.9M
Net Working Capital45.6M45.5M56.4M35.1M27.8M35.3M
Capital Lease Obligations60.0M42.3M38.4M68.4M62.7M50.1M

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

  0.76ENB-PFV Enbridge Pref 5PairCorr
  0.83ENS E Split CorpPairCorr
  0.9ENS-PA E Split CorpPairCorr

Moving against Source Stock

  0.41SAGE Sage Potash CorpPairCorr
  0.33VZ Verizon CommunicationsPairCorr
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 CorrelationCorrelation 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.