Granite Ridge Resources, Inc.

NYSE:GRNT Stock Report

Market Cap: US$800.2m

Granite Ridge Resources Balance Sheet Health

Financial Health criteria checks 4/6

Granite Ridge Resources has a total shareholder equity of $674.0M and total debt of $137.5M, which brings its debt-to-equity ratio to 20.4%. Its total assets and total liabilities are $966.7M and $292.7M respectively. Granite Ridge Resources's EBIT is $117.1M making its interest coverage ratio 14.4. It has cash and short-term investments of $79.0M.

Key information

20.4%

Debt to equity ratio

US$137.50m

Debt

Interest coverage ratio14.4x
CashUS$78.99m
EquityUS$674.02m
Total liabilitiesUS$292.66m
Total assetsUS$966.68m

Recent financial health updates

Recent updates

Investors Will Want Granite Ridge Resources' (NYSE:GRNT) Growth In ROCE To Persist

Jun 10
Investors Will Want Granite Ridge Resources' (NYSE:GRNT) Growth In ROCE To Persist

Granite Ridge Resources (NYSE:GRNT) Is Due To Pay A Dividend Of $0.11

May 21
Granite Ridge Resources (NYSE:GRNT) Is Due To Pay A Dividend Of $0.11

Estimating The Fair Value Of Granite Ridge Resources, Inc. (NYSE:GRNT)

May 14
Estimating The Fair Value Of Granite Ridge Resources, Inc. (NYSE:GRNT)

Granite Ridge Resources: Balancing Production Growth With Increasing Debt

Apr 05

Granite Ridge Resources' (NYSE:GRNT) Soft Earnings Are Actually Better Than They Appear

Mar 15
Granite Ridge Resources' (NYSE:GRNT) Soft Earnings Are Actually Better Than They Appear

There Is A Reason Granite Ridge Resources, Inc.'s (NYSE:GRNT) Price Is Undemanding

Mar 10
There Is A Reason Granite Ridge Resources, Inc.'s (NYSE:GRNT) Price Is Undemanding

Granite Ridge Resources (NYSE:GRNT) Takes On Some Risk With Its Use Of Debt

Feb 16
Granite Ridge Resources (NYSE:GRNT) Takes On Some Risk With Its Use Of Debt

Granite Ridge Resources Pre Announces Q4 Beat And Offers Positive Operations Update

Feb 05

Granite Ridge Resources: Debt Remains Reasonable Despite Spending To Grow Production

Dec 08

Granite Ridge: Secondary Creates Buying Opportunity

Sep 29

Granite Ridge Resources: Attempting To Scale Up Production

Aug 30

Granite Ridge Resources: Exceptional Team, Better Guidance, And Quite Cheap

Jun 14

We Think Granite Ridge Resources (NYSE:GRNT) Might Have The DNA Of A Multi-Bagger

Mar 28
We Think Granite Ridge Resources (NYSE:GRNT) Might Have The DNA Of A Multi-Bagger

Granite Ridge Resources raises dividend by 37.5% to $0.11

Feb 21

Granite Ridge Resources reports Q3 results

Nov 14

Financial Position Analysis

Short Term Liabilities: GRNT's short term assets ($168.9M) exceed its short term liabilities ($66.1M).

Long Term Liabilities: GRNT's short term assets ($168.9M) do not cover its long term liabilities ($226.6M).


Debt to Equity History and Analysis

Debt Level: GRNT's net debt to equity ratio (8.7%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if GRNT's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: GRNT's debt is well covered by operating cash flow (210.9%).

Interest Coverage: GRNT's interest payments on its debt are well covered by EBIT (14.4x coverage).


Balance Sheet


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