Source Energy Services Ltd (SHLE) — Working Capital to Net Assets Ratio
Source Energy Services Ltd (SHLE) has a Working Capital to Net Assets ratio of 25.7% as of September 2025. Working capital of CA$54.13 Million (current assets of CA$182.54 Million minus current liabilities of CA$128.41 Million) is measured against net assets of CA$210.34 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Source Energy Services Ltd (SHLE) net asset quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Source Energy Services Ltd Working Capital to Net Assets (2014–2024)
This chart shows how Source Energy Services Ltd's Working Capital to Net Assets ratio has evolved across 11 annual periods from 2014 to 2024. As of September 2025, the ratio stands at 25.7%, reflecting working capital of CA$54.13 Million against net assets of CA$210.34 Million CAD. Check Source Energy Services Ltd tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Source Energy Services Ltd (2014–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Source Energy Services Ltd from 2014 to 2024, covering 11 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see SHLE market cap overview.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 37.7% | CA$71.62 Million | CA$189.87 Million | CA$212.59 Million | CA$140.97 Million | ▲ +21.3 pp |
| 2023 | 16.4% | CA$27.81 Million | CA$169.13 Million | CA$136.18 Million | CA$108.37 Million | ▼ -603.9 pp |
| 2022 | 620.3% | CA$35.09 Million | CA$5.66 Million | CA$122.55 Million | CA$87.45 Million | ▼ -244.5 pp |
| 2021 | 864.8% | CA$56.44 Million | CA$6.53 Million | CA$106.75 Million | CA$50.31 Million | ▲ +725.6 pp |
| 2020 | 139.2% | CA$45.51 Million | CA$32.69 Million | CA$91.55 Million | CA$46.04 Million | ▲ +116.4 pp |
| 2019 | 22.9% | CA$45.60 Million | CA$199.31 Million | CA$113.02 Million | CA$67.43 Million | ▲ +2.2 pp |
| 2018 | 20.7% | CA$62.98 Million | CA$304.67 Million | CA$105.00 Million | CA$42.02 Million | ▲ +8.2 pp |
| 2017 | 12.5% | CA$35.15 Million | CA$282.19 Million | CA$108.55 Million | CA$73.41 Million | ▲ +22.9 pp |
| 2016 | -10.5% | CA$6.21 Million | CA$-59.22 Million | CA$45.29 Million | CA$39.08 Million | ▲ +199.0 pp |
| 2015 | -209.5% | CA$10.14 Million | CA$-4.84 Million | CA$49.42 Million | CA$39.28 Million | ▲ +2053.0 pp |
| 2014 | -2262.4% | CA$26.27 Million | CA$-1.16 Million | CA$70.54 Million | CA$44.27 Million | — |