Nine Energy Service, Inc.

NYSE:NINE Stock Report

Market Cap: US$47.3m

Nine Energy Service Balance Sheet Health

Financial Health criteria checks 1/6

Nine Energy Service has a total shareholder equity of $-49.7M and total debt of $319.5M, which brings its debt-to-equity ratio to -642.6%. Its total assets and total liabilities are $381.7M and $431.4M respectively. Nine Energy Service's EBIT is $4.9M making its interest coverage ratio 0.1. It has cash and short-term investments of $26.0M.

Key information

-642.6%

Debt to equity ratio

US$319.48m

Debt

Interest coverage ratio0.1x
CashUS$26.03m
Equity-US$49.71m
Total liabilitiesUS$431.44m
Total assetsUS$381.72m

Recent financial health updates

Recent updates

Investors Still Aren't Entirely Convinced By Nine Energy Service, Inc.'s (NYSE:NINE) Revenues Despite 31% Price Jump

Jul 24
Investors Still Aren't Entirely Convinced By Nine Energy Service, Inc.'s (NYSE:NINE) Revenues Despite 31% Price Jump

Lacklustre Performance Is Driving Nine Energy Service, Inc.'s (NYSE:NINE) 31% Price Drop

May 09
Lacklustre Performance Is Driving Nine Energy Service, Inc.'s (NYSE:NINE) 31% Price Drop

Nine Energy Service (NYSE:NINE) Hasn't Managed To Accelerate Its Returns

Apr 08
Nine Energy Service (NYSE:NINE) Hasn't Managed To Accelerate Its Returns

Nine Energy Service, Inc.'s (NYSE:NINE) Price Is Right But Growth Is Lacking After Shares Rocket 27%

Jan 05
Nine Energy Service, Inc.'s (NYSE:NINE) Price Is Right But Growth Is Lacking After Shares Rocket 27%

A Look At The Fair Value Of Nine Energy Service, Inc. (NYSE:NINE)

Oct 03
A Look At The Fair Value Of Nine Energy Service, Inc. (NYSE:NINE)

Nine Energy Service Bonds Offering Attractive 16% Yield

Sep 12

Nine Energy Service: Successfully Refinanced Its Debt, And Trades Undervalued

Jul 11

A Piece Of The Puzzle Missing From Nine Energy Service, Inc.'s (NYSE:NINE) Share Price

Apr 18
A Piece Of The Puzzle Missing From Nine Energy Service, Inc.'s (NYSE:NINE) Share Price

Nine Energy Service: A Deeper Correction Is Possible

Jan 06

Even After The Words Of Biden, Nine Energy Is Undervalued

Nov 16

Nine Energy Service Non-GAAP EPS of $0.39, revenue of $167.43M

Nov 07

Nine Energy Service: Return To Profitability Is Just Around The Corner

Oct 08

Nine Energy Service regains compliance with NYSE

Sep 12

Nine Energy: Beneficial Oil Play, But With A Lot Of Leverage

Jun 09

Nine Energy Service - Retail Investor Interest Seems Misplaced And I'm Bearish

Mar 08

Nine Energy Service: Pricing Recovery Can Mitigate The Financial Risks

Jan 24

Financial Position Analysis

Short Term Liabilities: NINE has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: NINE has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: NINE has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: NINE's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: NINE has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: NINE has less than a year of cash runway if free cash flow continues to reduce at historical rates of 26.3% each year


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