Granite Ridge Resources Balance Sheet Health
Financial Health criteria checks 4/6
Granite Ridge Resources has a total shareholder equity of $660.6M and total debt of $195.0M, which brings its debt-to-equity ratio to 29.5%. Its total assets and total liabilities are $1.0B and $375.3M respectively. Granite Ridge Resources's EBIT is $125.2M making its interest coverage ratio 7.9. It has cash and short-term investments of $50.8M.
Key information
29.5%
Debt to equity ratio
US$195.00m
Debt
| Interest coverage ratio | 7.9x |
| Cash | US$50.75m |
| Equity | US$660.58m |
| Total liabilities | US$375.30m |
| Total assets | US$1.04b |
Recent financial health updates
Is Granite Ridge Resources (NYSE:GRNT) A Risky Investment?
Aug 03
Granite Ridge Resources (NYSE:GRNT) Takes On Some Risk With Its Use Of Debt
Feb 16Recent updates
Granite Ridge Resources: 2025 Oil Production May Increase By Over 20%
Nov 16Some May Be Optimistic About Granite Ridge Resources' (NYSE:GRNT) Earnings
Nov 15Granite Ridge Resources (NYSE:GRNT) Has Affirmed Its Dividend Of $0.11
Nov 12Granite Ridge Resources: Increased Spending Expected To Boost Early 2025 Production
Sep 18Is Granite Ridge Resources, Inc. (NYSE:GRNT) Trading At A 24% Discount?
Sep 18Granite Ridge Resources' (NYSE:GRNT) Dividend Will Be $0.11
Aug 26Granite Ridge Resources (NYSE:GRNT) Is Paying Out A Dividend Of $0.11
Aug 12Is Granite Ridge Resources (NYSE:GRNT) A Risky Investment?
Aug 03Granite 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 10Granite 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 ($132.1M) exceed its short term liabilities ($84.5M).
Long Term Liabilities: GRNT's short term assets ($132.1M) do not cover its long term liabilities ($290.8M).
Debt to Equity History and Analysis
Debt Level: GRNT's net debt to equity ratio (21.8%) 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 (152.7%).
Interest Coverage: GRNT's interest payments on its debt are well covered by EBIT (7.9x coverage).