PrimeEnergy Resources Balance Sheet Health
Financial Health criteria checks 4/6
PrimeEnergy Resources has a total shareholder equity of $169.4M and total debt of $4.0M, which brings its debt-to-equity ratio to 2.4%. Its total assets and total liabilities are $332.9M and $163.5M respectively. PrimeEnergy Resources's EBIT is $38.1M making its interest coverage ratio 67.1. It has cash and short-term investments of $1.8M.
Key information
2.4%
Debt to equity ratio
US$4.00m
Debt
| Interest coverage ratio | 67.1x |
| Cash | US$1.75m |
| Equity | US$169.42m |
| Total liabilities | US$163.48m |
| Total assets | US$332.90m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: PNRG's short term assets ($32.1M) do not cover its short term liabilities ($88.5M).
Long Term Liabilities: PNRG's short term assets ($32.1M) do not cover its long term liabilities ($75.0M).
Debt to Equity History and Analysis
Debt Level: PNRG's net debt to equity ratio (1.3%) is considered satisfactory.
Reducing Debt: PNRG's debt to equity ratio has reduced from 72.5% to 2.4% over the past 5 years.
Debt Coverage: PNRG's debt is well covered by operating cash flow (3039.5%).
Interest Coverage: PNRG's interest payments on its debt are well covered by EBIT (67.1x coverage).