RingCentral Balance Sheet Health
Financial Health criteria checks 2/6
RingCentral has a total shareholder equity of $-351.5M and total debt of $1.5B, which brings its debt-to-equity ratio to -435.1%. Its total assets and total liabilities are $1.8B and $2.1B respectively. RingCentral's EBIT is $14.0M making its interest coverage ratio 0.2. It has cash and short-term investments of $242.8M.
Key information
-435.1%
Debt to equity ratio
US$1.53b
Debt
| Interest coverage ratio | 0.2x |
| Cash | US$242.81m |
| Equity | -US$351.47m |
| Total liabilities | US$2.13b |
| Total assets | US$1.78b |
Recent financial health updates
No updates
Recent updates
RingCentral Benefits As AI Technologies Get Less Expensive
Mar 20RNG: Expect Good Returns With Downside Protection
Jan 20RingCentral: Stock Poised To Outperform In 2025
Jan 07RingCentral: Under The Radar Pick -- Reiterating Buy
Nov 19RingCentral, Inc. (NYSE:RNG) Surges 30% Yet Its Low P/S Is No Reason For Excitement
Nov 08
RingCentral: Expect Continued Margin Expansion, Steady Debt Reduction
Sep 02There's No Escaping RingCentral, Inc.'s (NYSE:RNG) Muted Revenues Despite A 26% Share Price Rise
Aug 04RingCentral, Inc.'s (NYSE:RNG) Business And Shares Still Trailing The Industry
May 06RingCentral: Business Continues To Stabilize
Apr 08RingCentral: Making Progress, But Many Caveats Remain
Mar 03RingCentral, Inc.'s (NYSE:RNG) Low P/S No Reason For Excitement
Jan 21RingCentral's Growth Concerns And Financial Strain
Dec 21RingCentral, Inc. (NYSE:RNG) Shares Could Be 39% Below Their Intrinsic Value Estimate
Dec 14RingCentral: Rating Upgrade As Things Are Stabilizing
Dec 01RingCentral: Should Do Fine Long Term, But I'm Negative Near Term
Sep 27RingCentral: Looks Cheap, But Carries Too Much Debt
Sep 21RingCentral: Deserves Better In View Of Innovation And Conversational AI
Aug 01RingCentral: Navigating Growth Challenges
Jun 28Financial Position Analysis
Short Term Liabilities: RNG has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: RNG 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: RNG has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: RNG'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 RNG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: RNG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 41.2% per year.
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/04/13 00:11 |
| End of Day Share Price | 2025/04/11 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
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.
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 Github.
Analyst Sources
RingCentral, Inc. is covered by 37 analysts. 19 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 |
|---|---|
| William Power | Baird |
| Ishan Majumdar | Baptista Research |
| Ryan MacWilliams | Barclays |