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Ranger Oil Balance Sheet Health
Financial Health criteria checks 3/6
Ranger Oil has a total shareholder equity of $1.2B and total debt of $629.5M, which brings its debt-to-equity ratio to 54.1%. Its total assets and total liabilities are $2.1B and $923.0M respectively. Ranger Oil's EBIT is $658.6M making its interest coverage ratio 12.4. It has cash and short-term investments of $12.4M.
Key information
54.1%
Debt to equity ratio
US$629.48m
Debt
Interest coverage ratio | 12.4x |
Cash | US$12.35m |
Equity | US$1.16b |
Total liabilities | US$923.03m |
Total assets | US$2.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PVAE's short term assets ($194.3M) do not cover its short term liabilities ($272.1M).
Long Term Liabilities: PVAE's short term assets ($194.3M) do not cover its long term liabilities ($651.0M).
Debt to Equity History and Analysis
Debt Level: PVAE's net debt to equity ratio (53%) is considered high.
Reducing Debt: PVAE's debt to equity ratio has reduced from 166.7% to 54.1% over the past 5 years.
Debt Coverage: PVAE's debt is well covered by operating cash flow (111.5%).
Interest Coverage: PVAE's interest payments on its debt are well covered by EBIT (12.4x coverage).