Range Resources Balance Sheet Health
Financial Health criteria checks 5/6
Range Resources has a total shareholder equity of $3.8B and total debt of $1.8B, which brings its debt-to-equity ratio to 45.9%. Its total assets and total liabilities are $7.4B and $3.5B respectively. Range Resources's EBIT is $832.3M making its interest coverage ratio 6.8. It has cash and short-term investments of $343.1M.
Key information
45.9%
Debt to equity ratio
US$1.76b
Debt
Interest coverage ratio | 6.8x |
Cash | US$343.11m |
Equity | US$3.83b |
Total liabilities | US$3.55b |
Total assets | US$7.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RAX's short term assets ($861.6M) exceed its short term liabilities ($638.3M).
Long Term Liabilities: RAX's short term assets ($861.6M) do not cover its long term liabilities ($2.9B).
Debt to Equity History and Analysis
Debt Level: RAX's net debt to equity ratio (36.9%) is considered satisfactory.
Reducing Debt: RAX's debt to equity ratio has reduced from 93.3% to 45.9% over the past 5 years.
Debt Coverage: RAX's debt is well covered by operating cash flow (47.6%).
Interest Coverage: RAX's interest payments on its debt are well covered by EBIT (6.8x coverage).