Source Historical Cash Flow
| SHLE Stock | CAD 16.50 0.50 2.94% |
Analysis of Source Energy cash flow over time is an excellent tool to project Source Energy Services future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Begin Period Cash Flow of 0.0 or Depreciation of 36.5 M as it is a great indicator of Source Energy ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Source Energy Services latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Source Energy Services is a good buy for the upcoming year.
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About Source Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Source balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Source's non-liquid assets can be easily converted into cash.
Source Energy Cash Flow Chart
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Capital Expenditures
Capital Expenditures are funds used by Source Energy Services to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Source Energy operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Most accounts from Source Energy's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts 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 cash flow statement accounts, 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 Change To Liabilities is very stable compared to the past year.
Source Energy cash flow statement Correlations
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Source Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Source Energy cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | 7.6M | 3.1M | (6.2M) | (13.5M) | (12.6M) | (12.0M) | |
| Net Borrowings | 6.1M | (18.2M) | (114K) | (26.7M) | (24.0M) | (22.8M) | |
| Stock Based Compensation | 371K | (14K) | 643K | 947K | 6.8M | 7.1M | |
| Free Cash Flow | 16.1M | 35.7M | 7.5M | 65.0M | 29.0M | 30.4M | |
| Change In Working Capital | (5.7M) | 5.6M | (21.7M) | 23.6M | (14.0M) | (13.3M) | |
| Total Cashflows From Investing Activities | (19.6M) | (5.0M) | (6M) | (13.9M) | (16.0M) | (16.8M) | |
| Other Cashflows From Financing Activities | (25.2M) | (16.1M) | (6M) | (39.6M) | (21.6M) | (22.7M) | |
| Depreciation | 132.3M | 46.0M | 31.0M | 31.4M | 37.9M | 36.5M | |
| Other Non Cash Items | 22.9M | 141.8M | 28.8M | 33.1M | (128.6M) | (122.2M) | |
| Capital Expenditures | 19.7M | 3.7M | 6.5M | 15.2M | 22.1M | 22.1M | |
| Total Cash From Operating Activities | 35.8M | 39.4M | 14.0M | 80.2M | 51.1M | 34.0M | |
| Change To Account Receivables | (24.9M) | 15.7M | (9.1M) | 1.6M | (1.4M) | (1.5M) | |
| Change To Operating Activities | 2.9M | (1.9M) | (1.3M) | (2.9M) | (2.6M) | (2.5M) | |
| Net Income | (90.0M) | (185.5M) | (24.4M) | (8.8M) | 167.3M | 175.7M | |
| Total Cash From Financing Activities | (20.7M) | (34.4M) | (8.0M) | (66.3M) | (67.0M) | (63.7M) | |
| Other Cashflows From Investing Activities | 21K | (1.4M) | 442K | 901K | 810.9K | 851.4K | |
| Change To Netincome | 71.5M | 170.3M | 29.0M | 33.8M | 38.8M | 48.4M | |
| Change To Liabilities | 8.7M | (11.3M) | (5.1M) | 38.3M | 44.1M | 46.3M | |
| Investments | (19.6M) | (5.0M) | (6M) | (13.9M) | (13.2M) | (13.9M) |
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
Moving against Source Stock
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.Other Information on Investing in Source Stock
The Cash Flow Statement is a financial statement that shows how changes in Source balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Source's non-liquid assets can be easily converted into cash.