RingCentral Balance Sheet Health
Financial Health criteria checks 2/6
RingCentral has a total shareholder equity of $-303.1M and total debt of $1.6B, which brings its debt-to-equity ratio to -511.8%. Its total assets and total liabilities are $1.9B and $2.2B respectively.
Key information
-511.8%
Debt to equity ratio
US$1.55b
Debt
| Interest coverage ratio | n/a |
| Cash | US$222.20m |
| Equity | -US$303.12m |
| Total liabilities | US$2.25b |
| Total assets | US$1.94b |
Recent financial health updates
Recent updates
RingCentral: 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 21
RingCentral'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 28RingCentral teams up with Amazon Web Services on cloud offerings
Feb 15RingCentral: Still Working From Home, Buy This UCaaS Stock
Dec 08RingCentral: A Compelling Buying Opportunity
Sep 16RiverPark Funds - RingCentral: 35-40% Per Year Compounded Annual Return Long Term
Sep 01RingCentral stock surges ~10% on strong Q2 result as subscription revenue rises
Aug 03RingCentral (NYSE:RNG) Is Making Moderate Use Of Debt
Aug 02RingCentral: Strong Revenue Growth But Losses Are Increasing
Jul 24Financial 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 14.2% per year.