PrimeEnergy Resources Corporation

NasdaqCM:PNRG Stock Report

Market Cap: US$195.1m

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 ratio67.1x
CashUS$1.75m
EquityUS$169.42m
Total liabilitiesUS$163.48m
Total assetsUS$332.90m

Recent financial health updates

Recent updates

Returns On Capital Are A Standout For PrimeEnergy Resources (NASDAQ:PNRG)

Apr 13
Returns On Capital Are A Standout For PrimeEnergy Resources (NASDAQ:PNRG)

PrimeEnergy Resources GAAP EPS of $4.02, revenue of $35.7M

Aug 19

Is PrimeEnergy Resources (NASDAQ:PNRG) Using Too Much Debt?

Mar 15
Is PrimeEnergy Resources (NASDAQ:PNRG) Using Too Much Debt?

PrimeEnergy Resources reports Q3 results

Nov 25

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).


Balance Sheet


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