Ranger Energy Services Balance Sheet Health
Financial Health criteria checks 6/6
Ranger Energy Services has a total shareholder equity of $267.6M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $373.9M and $106.3M respectively. Ranger Energy Services's EBIT is $24.5M making its interest coverage ratio 8.8. It has cash and short-term investments of $14.8M.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | 8.8x |
| Cash | US$14.80m |
| Equity | US$267.60m |
| Total liabilities | US$106.30m |
| Total assets | US$373.90m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 97L's short term assets ($132.7M) exceed its short term liabilities ($66.5M).
Long Term Liabilities: 97L's short term assets ($132.7M) exceed its long term liabilities ($39.8M).
Debt to Equity History and Analysis
Debt Level: 97L is debt free.
Reducing Debt: 97L has no debt compared to 5 years ago when its debt to equity ratio was 26.1%.
Debt Coverage: 97L has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 97L has no debt, therefore coverage of interest payments is not a concern.