Source Net Working Capital from 2010 to 2026
| SHLE Stock | CAD 15.49 -0.62 -3.85% |
Net Working Capital | First Reported 2020-03-31 | Previous Quarter 54.1 M | Current Value 48.3 M | Quarterly Volatility 61.1 M |
Macro event markers
Financial statement trends for Source Energy provide structured context on operating performance and capital structure. The series highlights drivers like Depreciation And Amortization of 37.5 M, Interest Expense of 27.6 M or Selling General Administrative of 26.8 M and ratios such as Price To Sales Ratio of 0.27, Dividend Yield of 0.0053 or PTB Ratio of 1.02, complementing Source Energy Valuation and Volatility.
Source | Net Working Capital |
Evaluating Source Energy's Net Working Capital across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Source Energy Services's fundamental strength.
Latest Source Energy's Net Working Capital Growth Pattern
Below is the plot of the Net Working Capital of Source Energy Services over the last few years. It is Source Energy's Net Working Capital historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Source Energy's overall financial position and show how it may be relating to other accounts over time.
| Net Working Capital | 10 Years Trend |
|
Net Working Capital |
| Timeline |
Source Net Working Capital Regression Statistics
| Arithmetic Mean | 42,761,668 | |
| Geometric Mean | 41,365,734 | |
| Coefficient Of Variation | 28.12 | |
| Mean Deviation | 9,827,845 | |
| Median | 35,147,000 | |
| Standard Deviation | 12,026,487 | |
| Sample Variance | 144.6T | |
| Range | 43.8M | |
| R-Value | 0.52 | |
| Mean Square Error | 112.2T | |
| R-Squared | 0.27 | |
| Significance | 0.03 | |
| Slope | 1,243,144 | |
| Total Sum of Squares | 2314.2T |
Source Net Working Capital History
About Source Energy Services Ltd
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. The company was founded in 2017 and is headquartered in Calgary, Canada. SOURCE ENERGY operates under Oil Gas Equipment Services classification in Canada and is traded on Toronto Stock Exchange. It employs 382 people. This stock section frames Source Energy within its peer set and highlights how fundamentals align with price behavior. Current metrics include P/E of 6.14, P/B of 1.01, profit margin of 4.72%. Source Energy has a market cap of 203.46 M, P/E of 6.14, ROE of 16.59%. 
Michael Smolkin ยท Member of Macroaxis Board of Directors
Methodology
Unless otherwise specified, financial data for Source Energy Services is derived from periodic company reporting (annual and quarterly where available). Asset-level metrics are computed daily by Macroaxis LLC and refreshed regularly based on asset type. Source (CA:SHLE) prices are typically delayed by approximately 20 minutes from primary exchanges for listed equities. Data may be delayed depending on reporting sources and market conventions. Assumptions: Information for Source Energy Services is compiled from public filings and market reference sources and official sources including U.S. Securities and Exchange Commission (SEC) via EDGAR. Reporting latency may occur in some cases. All analytics are generated using standardized, rules-based models designed to promote consistency and comparability across instruments. Model assumptions, reference parameters, and selected computational inputs are available in the Model Inputs section. If you have questions about our data sources or methodology, please contact Macroaxis Support.
Analyst Sources
Source Energy Services may have analyst coverage included in Macroaxis-derived consensus inputs when available. Updates may occur throughout the day.
Source Stock is Curated By:
Michael Smolkin ยท Member of Macroaxis Board of DirectorsPair Trading with Source Energy
Pair trading with Source Energy can help investors hedge some company-specific exposure by balancing a long view with an offsetting position. The key question is whether the second leg adds real hedge value instead of just creating a more complex version of the same risk.
Moving together with Source Stock
| 0.72 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.65 | ENB-PFC | Enbridge Pref 11 | PairCorr |
| 0.82 | ENB-PFU | Enbridge Pref L | PairCorr |
Moving against Source Stock
| 0.68 | SAGE | Sage Potash Corp | PairCorr |
| 0.66 | ENS-PA | E Split Corp | PairCorr |
| 0.49 | BOFA | Bank of America | PairCorr |
| 0.49 | WFCS | Wells Fargo CDR | PairCorr |
| 0.46 | JPM | JPMorgan Chase | PairCorr |
Sophisticated investors use correlation analysis to build Source Energy replacement strategies that go beyond simple sector matching. Assets with similar factor exposures to Source Energy Services provide the most accurate portfolio substitution during tax-loss harvesting periods.
Statistical correlation between Source Energy and its peers is an essential input for mean-variance portfolio optimization. Lower correlation of Source Energy Services with other holdings allows for a more efficient frontier with superior risk-adjusted returns.
Correlation analysis and pair evaluation for Source Energy can support hedging context. This approach is commonly reviewed within sectors and across broader groups.More Resources for Source Stock Analysis
Other Information on Investing in Source Stock
Financial ratios for Source Energy provide valuation context across profits, cash flow, and enterprise value. They help compare Source across valuation measures in a consistent way.