Crude Oil
Energy companies are highly sensitive to oil prices. Every $10/barrel change can impact operating margins by 15-25%.
Source Energy Services Ltd. specializes in the production and distribution of frac sand for oil and gas exploration in Canada. While the company has a reasonable current ratio of 1.22, indicating adequate short-term liquidity, it faces concerns with a negative net margin of -4.1% and a high debt-to-equity ratio of 1.44, suggesting potential financial strain. Additionally, despite a gross margin of 12.7%, the overall financial health score of 25/100 raises red flags about profitability and operational efficiency.
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Revenue fell 20.5% year-over-year from $738.5M to $587.2M. The decline has persisted for multiple quarters.
Debt of $291.5M is 142.6x the company's cash position of $2.0M.
Company went from $40.1M profit to $-13.0M loss compared to last year.
No significant opportunities identified
Based on current financial metrics
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Based on 2026-Q2 (June 30, 2026)