Nine Energy Service Balance Sheet Health
Financial Health criteria checks 2/6
Nine Energy Service has a total shareholder equity of $-57.6M and total debt of $318.5M, which brings its debt-to-equity ratio to -553.3%. Its total assets and total liabilities are $353.2M and $410.8M respectively. Nine Energy Service's EBIT is $8.3M making its interest coverage ratio 0.2. It has cash and short-term investments of $15.7M.
Key information
-553.3%
Debt to equity ratio
US$318.47m
Debt
| Interest coverage ratio | 0.2x |
| Cash | US$15.65m |
| Equity | -US$57.56m |
| Total liabilities | US$410.79m |
| Total assets | US$353.23m |
Recent financial health updates
Recent updates
Nine Energy Service, Inc. (NYSE:NINE) Screens Well But There Might Be A Catch
Jan 06
Nine Energy Service (NYSE:NINE) Will Be Hoping To Turn Its Returns On Capital Around
Nov 08Investors Still Aren't Entirely Convinced By Nine Energy Service, Inc.'s (NYSE:NINE) Revenues Despite 31% Price Jump
Jul 24Lacklustre 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 09Financial 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: Whilst unprofitable NINE has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: NINE is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 25.2% per year.
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/08 23:35 |
| End of Day Share Price | 2025/01/08 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Nine Energy Service, Inc. is covered by 10 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Waqar Syed | ATB Capital Markets |
| Tim Monachello | ATB Capital Markets |
| Chase Mulvehill | BofA Global Research |