3R Petroleum Óleo e Gás Balance Sheet Health
Financial Health criteria checks 2/6
3R Petroleum Óleo e Gás has a total shareholder equity of R$5.6B and total debt of R$9.3B, which brings its debt-to-equity ratio to 167.1%. Its total assets and total liabilities are R$20.1B and R$14.6B respectively. 3R Petroleum Óleo e Gás's EBIT is R$1.3B making its interest coverage ratio 3.2. It has cash and short-term investments of R$1.9B.
Key information
167.1%
Debt to equity ratio
R$9.30b
Debt
| Interest coverage ratio | 3.2x |
| Cash | R$1.91b |
| Equity | R$5.57b |
| Total liabilities | R$14.55b |
| Total assets | R$20.12b |
Recent financial health updates
No updates
Recent updates
3R Petroleum Óleo e Gás S.A.'s (BVMF:RRRP3) P/E Is Still On The Mark Following 29% Share Price Bounce
Apr 05
3R Petroleum Óleo e Gás (BVMF:RRRP3) Shareholders Should Be Cautious Despite Solid Earnings
Mar 143R Petroleum Óleo e Gás S.A. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Mar 103R Petroleum Óleo e Gás S.A.'s (BVMF:RRRP3) Subdued P/S Might Signal An Opportunity
Jan 093R Petroleum Óleo e Gás S.A. (BVMF:RRRP3) Analysts Just Slashed This Year's Estimates
Oct 05Growth Investors: Industry Analysts Just Upgraded Their 3R Petroleum Óleo e Gás S.A. (BVMF:RRRP3) Revenue Forecasts By 15%
Sep 16These Analysts Think 3R Petroleum Óleo e Gás S.A.'s (BVMF:RRRP3) Sales Are Under Threat
Aug 20What You Can Learn From 3R Petroleum Óleo e Gás S.A.'s (BVMF:RRRP3) P/S
Aug 173R Petroleum Óleo e Gás S.A. Just Missed Earnings - But Analysts Have Updated Their Models
Apr 29Analysts Just Slashed Their 3R Petroleum Óleo e Gás S.A. (BVMF:RRRP3) EPS Numbers
Mar 22Industry Analysts Just Upgraded Their 3R Petroleum Óleo e Gás S.A. (BVMF:RRRP3) Revenue Forecasts By 13%
Mar 023R Petroleum Óleo e Gás' (BVMF:RRRP3) Earnings Are Of Questionable Quality
Nov 17Time To Worry? Analysts Just Downgraded Their 3R Petroleum Óleo e Gás S.A. (BVMF:RRRP3) Outlook
Jun 243R Petroleum Óleo e Gás S.A. (BVMF:RRRP3) On The Verge Of Breaking Even
Mar 20Is 3R Petroleum Óleo e Gás S.A. (BVMF:RRRP3) Popular Amongst Institutions?
Feb 12Financial Position Analysis
Short Term Liabilities: RRRP3's short term assets (R$4.0B) exceed its short term liabilities (R$3.3B).
Long Term Liabilities: RRRP3's short term assets (R$4.0B) do not cover its long term liabilities (R$11.2B).
Debt to Equity History and Analysis
Debt Level: RRRP3's net debt to equity ratio (132.8%) is considered high.
Reducing Debt: RRRP3's debt to equity ratio has increased from 0% to 167.1% over the past 5 years.
Debt Coverage: RRRP3's debt is not well covered by operating cash flow (10.8%).
Interest Coverage: RRRP3's interest payments on its debt are well covered by EBIT (3.2x coverage).