PrimeEnergy Resources Balance Sheet Health
Financial Health criteria checks 4/6
PrimeEnergy Resources has a total shareholder equity of $203.8M and total debt of $3.0M, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are $345.6M and $141.8M respectively. PrimeEnergy Resources's EBIT is $70.4M making its interest coverage ratio 62.6. It has cash and short-term investments of $1.6M.
Key information
1.5%
Debt to equity ratio
US$3.00m
Debt
| Interest coverage ratio | 62.6x |
| Cash | US$1.58m |
| Equity | US$203.84m |
| Total liabilities | US$141.75m |
| Total assets | US$345.59m |
Recent financial health updates
Recent updates
We Think PrimeEnergy Resources (NASDAQ:PNRG) Might Have The DNA Of A Multi-Bagger
Nov 07
Investors Still Aren't Entirely Convinced By PrimeEnergy Resources Corporation's (NASDAQ:PNRG) Earnings Despite 26% Price Jump
Oct 10Solid Earnings May Not Tell The Whole Story For PrimeEnergy Resources (NASDAQ:PNRG)
Aug 21Returns On Capital Are A Standout For PrimeEnergy Resources (NASDAQ:PNRG)
Apr 13PrimeEnergy Resources GAAP EPS of $4.02, revenue of $35.7M
Aug 19Is PrimeEnergy Resources (NASDAQ:PNRG) Using Too Much Debt?
Mar 15PrimeEnergy Resources reports Q3 results
Nov 25Financial Position Analysis
Short Term Liabilities: PNRG's short term assets ($37.0M) do not cover its short term liabilities ($68.0M).
Long Term Liabilities: PNRG's short term assets ($37.0M) do not cover its long term liabilities ($73.7M).
Debt to Equity History and Analysis
Debt Level: PNRG's net debt to equity ratio (0.7%) is considered satisfactory.
Reducing Debt: PNRG's debt to equity ratio has reduced from 57.5% to 1.5% over the past 5 years.
Debt Coverage: PNRG's debt is well covered by operating cash flow (4343.1%).
Interest Coverage: PNRG's interest payments on its debt are well covered by EBIT (62.6x coverage).