Ring Energy Balance Sheet Health
Financial Health criteria checks 1/6
Ring Energy has a total shareholder equity of $793.0M and total debt of $422.0M, which brings its debt-to-equity ratio to 53.2%. Its total assets and total liabilities are $1.4B and $591.7M respectively. Ring Energy's EBIT is $122.0M making its interest coverage ratio 2.7. It has cash and short-term investments of $1.4M.
Key information
53.2%
Debt to equity ratio
US$422.00m
Debt
Interest coverage ratio | 2.7x |
Cash | US$1.38m |
Equity | US$793.01m |
Total liabilities | US$591.68m |
Total assets | US$1.38b |
Recent financial health updates
Recent updates
The Ring Energy, Inc. (NYSEMKT:REI) Analysts Have Been Trimming Their Sales Forecasts
Apr 17Is Ring Energy (NYSEMKT:REI) Using Too Much Debt?
Mar 31Did Ring Energy, Inc. (NYSEMKT:REI) Insiders Buy Up More Shares?
Mar 10Ring Energy's (NYSEMKT:REI) Stock Price Has Reduced 86% In The Past Three Years
Feb 12Ring Energy, Inc.'s (NYSEMKT:REI) Intrinsic Value Is Potentially 81% Above Its Share Price
Jan 11Financial Position Analysis
Short Term Liabilities: REI's short term assets ($58.7M) do not cover its short term liabilities ($118.4M).
Long Term Liabilities: REI's short term assets ($58.7M) do not cover its long term liabilities ($473.3M).
Debt to Equity History and Analysis
Debt Level: REI's net debt to equity ratio (53%) is considered high.
Reducing Debt: REI's debt to equity ratio has increased from 17.8% to 53.2% over the past 5 years.
Debt Coverage: REI's debt is well covered by operating cash flow (47.3%).
Interest Coverage: REI's interest payments on its debt are not well covered by EBIT (2.7x coverage).