Nine Energy Service Balance Sheet Health

Financial Health criteria checks 2/6

Nine Energy Service has a total shareholder equity of $-57.6M and total debt of $318.5M, which brings its debt-to-equity ratio to -553.3%. Its total assets and total liabilities are $353.2M and $410.8M respectively. Nine Energy Service's EBIT is $8.3M making its interest coverage ratio 0.2. It has cash and short-term investments of $15.7M.

Key information

-553.3%

Debt to equity ratio

US$318.47m

Debt

Interest coverage ratio0.2x
CashUS$15.65m
Equity-US$57.56m
Total liabilitiesUS$410.79m
Total assetsUS$353.23m

Recent financial health updates

Recent updates

Financial Position Analysis

Short Term Liabilities: NEJ has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: NEJ has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: NEJ has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: NEJ's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable NEJ has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: NEJ is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 25.2% per year.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 10:02
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Nine Energy Service, Inc. is covered by 10 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Waqar SyedATB Capital Markets
Tim MonachelloATB Capital Markets
Chase MulvehillBofA Global Research