Ring Energy Balance Sheet Health
Financial Health criteria checks 3/6
Ring Energy has a total shareholder equity of $851.3M and total debt of $392.9M, which brings its debt-to-equity ratio to 46.2%. Its total assets and total liabilities are $1.4B and $548.5M respectively. Ring Energy's EBIT is $183.3M making its interest coverage ratio 4.1. It has cash and short-term investments of $1.2M.
Key information
46.2%
Debt to equity ratio
US$392.91m
Debt
| Interest coverage ratio | 4.1x |
| Cash | US$1.18m |
| Equity | US$851.31m |
| Total liabilities | US$548.45m |
| Total assets | US$1.40b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KWE1's short term assets ($52.8M) do not cover its short term liabilities ($97.6M).
Long Term Liabilities: KWE1's short term assets ($52.8M) do not cover its long term liabilities ($450.9M).
Debt to Equity History and Analysis
Debt Level: KWE1's net debt to equity ratio (46%) is considered high.
Reducing Debt: KWE1's debt to equity ratio has reduced from 69.6% to 46.2% over the past 5 years.
Debt Coverage: KWE1's debt is well covered by operating cash flow (51.6%).
Interest Coverage: KWE1's interest payments on its debt are well covered by EBIT (4.1x coverage).