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 ratio | 14.4x |
| Cash | US$78.99m |
| Equity | US$674.02m |
| Total liabilities | US$292.66m |
| Total assets | US$966.68m |
Recent financial health updates
Recent updates
Granite Ridge Resources: Free Cash Flow May Be Close To Zero In 2024
Jun 18Investors Will Want Granite Ridge Resources' (NYSE:GRNT) Growth In ROCE To Persist
Jun 10
Granite Ridge Resources (NYSE:GRNT) Is Due To Pay A Dividend Of $0.11
May 21Estimating The Fair Value Of Granite Ridge Resources, Inc. (NYSE:GRNT)
May 14Granite Ridge Resources: Balancing Production Growth With Increasing Debt
Apr 05Granite Ridge Resources' (NYSE:GRNT) Soft Earnings Are Actually Better Than They Appear
Mar 15There Is A Reason Granite Ridge Resources, Inc.'s (NYSE:GRNT) Price Is Undemanding
Mar 10Granite Ridge Resources (NYSE:GRNT) Takes On Some Risk With Its Use Of Debt
Feb 16Granite Ridge Resources Pre Announces Q4 Beat And Offers Positive Operations Update
Feb 05Granite Ridge Resources: Debt Remains Reasonable Despite Spending To Grow Production
Dec 08Granite Ridge: Secondary Creates Buying Opportunity
Sep 29Granite Ridge Resources: Attempting To Scale Up Production
Aug 30Granite Ridge Resources: Exceptional Team, Better Guidance, And Quite Cheap
Jun 14We Think Granite Ridge Resources (NYSE:GRNT) Might Have The DNA Of A Multi-Bagger
Mar 28Granite Ridge Resources raises dividend by 37.5% to $0.11
Feb 21Granite Ridge Resources reports Q3 results
Nov 14Financial 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).