Ranger Energy Services Balance Sheet Health
Financial Health criteria checks 6/6
Ranger Energy Services has a total shareholder equity of $271.8M and total debt of $100.0K, which brings its debt-to-equity ratio to 0.04%. Its total assets and total liabilities are $378.0M and $106.2M respectively. Ranger Energy Services's EBIT is $37.6M making its interest coverage ratio 10.7. It has cash and short-term investments of $15.7M.
Key information
0.04%
Debt to equity ratio
US$100.00k
Debt
| Interest coverage ratio | 10.7x |
| Cash | US$15.70m |
| Equity | US$271.80m |
| Total liabilities | US$106.20m |
| Total assets | US$378.00m |
Recent financial health updates
Recent updates
Ranger Energy Services' (NYSE:RNGR) Performance Is Even Better Than Its Earnings Suggest
Mar 12
Ranger Energy Services, Inc. Just Missed EPS By 20%: Here's What Analysts Think Will Happen Next
Mar 08Ranger Energy Services Steadies On Focused Growth Strategy
Feb 05Ranger Energy Services: Anticipating Further Margin Expansion As Operations Improve
Nov 07Ranger Energy: 2 Solid Reasons To Consider This Under-The-Radar Oil Stock
Oct 17Should You Be Adding Ranger Energy Services (NYSE:RNGR) To Your Watchlist Today?
Sep 28Ranger Energy Services, Inc. (NYSE:RNGR) Could Be Riskier Than It Looks
Aug 10Ranger Energy Services: Resilience Coupled With Improved Financials
Jul 11Here's Why Ranger Energy Services (NYSE:RNGR) Can Manage Its Debt Responsibly
Jun 15Ranger Energy Services: Profitability And Relative Valuation Place It Attractively
Dec 09Ranger Energy Services reports Q3 earnings beat; reaffirms FY22 capex guidance
Oct 28Ranger Energy Services GAAP EPS of -$0.02, revenue of $153.6M beats by $29.1M
Aug 01We Believe Ranger Energy Services' (NYSE:RNGR) Earnings Are A Poor Guide For Its Profitability
Apr 06Ranger Energy CEO Anderson to depart; Austin becomes interim CEO
Jun 09Financial Position Analysis
Short Term Liabilities: RNGR's short term assets ($135.4M) exceed its short term liabilities ($69.0M).
Long Term Liabilities: RNGR's short term assets ($135.4M) exceed its long term liabilities ($37.2M).
Debt to Equity History and Analysis
Debt Level: RNGR has more cash than its total debt.
Reducing Debt: RNGR's debt to equity ratio has reduced from 31.5% to 0.04% over the past 5 years.
Debt Coverage: RNGR's debt is well covered by operating cash flow (90800%).
Interest Coverage: RNGR's interest payments on its debt are well covered by EBIT (10.7x coverage).