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 ratio | 0.1x |
| Cash | US$26.03m |
| Equity | -US$49.71m |
| Total liabilities | US$431.44m |
| Total assets | US$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
Lacklustre Performance Is Driving Nine Energy Service, Inc.'s (NYSE:NINE) 31% Price Drop
May 09Nine Energy Service (NYSE:NINE) Hasn't Managed To Accelerate Its Returns
Apr 08Nine Energy Service, Inc.'s (NYSE:NINE) Price Is Right But Growth Is Lacking After Shares Rocket 27%
Jan 05A Look At The Fair Value Of Nine Energy Service, Inc. (NYSE:NINE)
Oct 03Nine Energy Service Bonds Offering Attractive 16% Yield
Sep 12Nine Energy Service: Successfully Refinanced Its Debt, And Trades Undervalued
Jul 11A Piece Of The Puzzle Missing From Nine Energy Service, Inc.'s (NYSE:NINE) Share Price
Apr 18Nine Energy Service: A Deeper Correction Is Possible
Jan 06Even After The Words Of Biden, Nine Energy Is Undervalued
Nov 16Nine Energy Service Non-GAAP EPS of $0.39, revenue of $167.43M
Nov 07Nine Energy Service: Return To Profitability Is Just Around The Corner
Oct 08Nine Energy Service regains compliance with NYSE
Sep 12Nine Energy: Beneficial Oil Play, But With A Lot Of Leverage
Jun 09Nine Energy Service - Retail Investor Interest Seems Misplaced And I'm Bearish
Mar 08Nine Energy Service: Pricing Recovery Can Mitigate The Financial Risks
Jan 24Financial 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