PrimeEnergy Resources Balance Sheet Health
Financial Health criteria checks 4/6
PrimeEnergy Resources has a total shareholder equity of $186.3M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $334.8M and $148.5M respectively. PrimeEnergy Resources's EBIT is $55.6M making its interest coverage ratio 80.5. It has cash and short-term investments of $2.0M.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | 80.5x |
| Cash | US$2.02m |
| Equity | US$186.30m |
| Total liabilities | US$148.47m |
| Total assets | US$334.76m |
Recent financial health updates
Recent updates
Solid Earnings May Not Tell The Whole Story For PrimeEnergy Resources (NASDAQ:PNRG)
Aug 21
Returns 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 ($48.9M) do not cover its short term liabilities ($80.5M).
Long Term Liabilities: PNRG's short term assets ($48.9M) do not cover its long term liabilities ($67.9M).
Debt to Equity History and Analysis
Debt Level: PNRG is debt free.
Reducing Debt: PNRG has no debt compared to 5 years ago when its debt to equity ratio was 58.8%.
Debt Coverage: PNRG has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: PNRG has no debt, therefore coverage of interest payments is not a concern.