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Ring Energy Inc   (REI)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy

Ring Energy Inc 's Leverage Ratio

REI's quarterly Leverage Ratio and Total Liabilities, Equity growth


Due to repayements of liabilities of -6.58% Ring Energy Inc improved Leverage Ratio in forth quarter 2023 to 0.75, above the Ring Energy Inc 's average Leverage Ratio.

Within Oil And Gas Production industry in the forth quarter 2023, 32 other companies have achieved lower Leverage Ratio than Ring Energy Inc in the IV Quarter 2023. While Leverage Ratio total ranking has improved so far in the forth quarter 2023 to 826, from total ranking in the third quarter 2023 at 1233 .

Explain Leverage Ratio?
Who are REI Customers?
What are REI´s Total Liabilities?


REI Leverage Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Equity Change 18.98 % 44.9 % 106.38 % 126.1 % 119.91 %
Y / Y Total Liabilities Change -3.21 % -15.47 % 39.97 % 47.18 % 58.5 %
Leverage Ratio MRQ 0.75 0.86 0.73 0.83 0.92
REI's Total Ranking # 826 # 1233 # 1434 # 548 # 1893
Seq. Equity Change 7.24 % -0.73 % 5.66 % 5.77 % 30.61 %
Seq. Total Liabilities Change -6.58 % 16.21 % -6.72 % -4.42 % -18.42 %



Leverage Ratio forth quarter 2023 Company Ranking
Within: No.
Oil And Gas Production Industry # 33
Energy Sector # 43
Overall Market # 826


Leverage Ratio Statistics
High Average Low
1.59 0.51 0
(Jun 30 2021)   (Dec 31 2011)




Financial Statements
Ring Energy Inc 's Equity $ 787 Millions Visit REI's Balance sheet
Ring Energy Inc 's Total Liabilities $ 588 Millions Visit REI's Balance sheet
Source of REI's Sales Visit REI's Sales by Geography


Cumulative Ring Energy Inc 's Leverage Ratio

REI's Leverage Ratio for the trailling 12 Months

REI Leverage Ratio

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Equity TTM Growth 18.98 % 44.9 % 106.38 % 126.1 % 119.91 %
Y / Y Total Liabilities TTM Growth -3.21 % -15.47 % 39.97 % 47.18 % 58.5 %
Leverage Ratio TTM 0.79 0.83 0.95 1.04 1.16
Total Ranking TTM # 662 # 92 # 7 # 3 # 147
Seq. Equity TTM Growth 7.24 % -0.73 % 5.66 % 5.77 % 30.61 %
Seq. Total Liabilities TTM Growth -6.58 % 16.21 % -6.72 % -4.42 % -18.42 %


On the trailing twelve months basis Due to repayements of liabilities of -6.58% Ring Energy Inc decreased Leverage Ratio in the 12 months ending in IV Quarter 2023 to 0.79, above the Ring Energy Inc 's average Leverage Ratio.
Leverage Ratio is the average cumulative value over the last four quarters.

Among companies in the Oil And Gas Production industry 23, during the past 12 months, other companies have achieved lower Leverage Ratio than Ring Energy Inc . While Leverage Ratio total ranking has deteriorated during the twelve months ending in the IV Quarter 2023, compared to the prior period, from 92 to 662.

Explain Leverage Ratio?
Who are REI Customers?
What are REI´s Total Liabilities?

TTM Leverage Ratio Company Ranking
Within: No.
Within the Oil And Gas Production Industry # 24
Energy Sector # 32
Within the Market # 662


trailing twelve months Leverage Ratio Statistics
High Average Low
1.43 0.58 0.07
(Dec 31 2021)   (Mar 31 2017)




Companies with similar Leverage Ratio in the quarter ending Dec 31 2023, within Oil And Gas Production Industry Leverage RatioDec 31 2023 MRQ Total LiabilitiesDec 31 2023 MRQ Equity
Tetra Technologies Inc   1.95 $ 287.308  Millions$ 147.334  Millions
Oceaneering International Inc  1.66 $ 1,050.966  Millions$ 634.083  Millions
Empire Petroleum Corporation  1.65 $ 57.659  Millions$ 34.956  Millions
Occidental Petroleum Corporation  1.59 $ 48,125.000  Millions$ 30,349.000  Millions
Halliburton Company  1.52 $ 14,381.000  Millions$ 9,433.000  Millions
Civitas Resources inc   1.28 $ 7,915.998  Millions$ 6,181.321  Millions
Par Pacific Holdings Inc   1.17 $ 1,566.376  Millions$ 1,335.424  Millions
Shell Plc  1.16 $ 217,908.000  Millions$ 188,362.000  Millions
Northern Oil And Gas Inc   1.16 $ 2,368.090  Millions$ 2,047.676  Millions
Berry Corporation bry   1.09 $ 828.712  Millions$ 757.976  Millions
Altex Industries Inc  1.06 $ 1.188  Millions$ 1.116  Millions
Pembina Pipeline Corporation  1.06 $ 12,872.630  Millions$ 12,112.758  Millions
Vermilion Energy inc   1.06 $ 2,454.397  Millions$ 2,322.242  Millions
Viper Energy Inc   1.04 $ 2,959.801  Millions$ 2,857.554  Millions
Riley Exploration Permian Inc   1.00 $ 420.076  Millions$ 421.595  Millions
Cnx Resources Corporation  0.98 $ 4,265.640  Millions$ 4,361.017  Millions
Southwestern Energy Company  0.97 $ 5,732.000  Millions$ 5,888.000  Millions
Barnwell Industries inc   0.93 $ 16.851  Millions$ 18.165  Millions
Canadian Natural Resources Limited  0.91 $ 27,670.218  Millions$ 30,511.312  Millions
Cenovus Energy Inc   0.88 $ 19,305.498  Millions$ 21,982.668  Millions
Tellurian Inc   0.87 $ 540.600  Millions$ 624.924  Millions
Vital Energy inc   0.82 $ 2,292.981  Millions$ 2,785.257  Millions
Amplify Energy Corp   0.82 $ 319.604  Millions$ 391.036  Millions
Murphy Oil Corporation  0.79 $ 4,403.903  Millions$ 5,549.653  Millions
Ring Energy Inc   0.75 $ 588.389  Millions$ 786.583  Millions
Marathon Oil Corporation  0.75 $ 8,370.000  Millions$ 11,205.000  Millions
California Resources Corp  0.71 $ 1,578.000  Millions$ 2,219.000  Millions
Eqt Corporation  0.70 $ 10,325.535  Millions$ 14,780.817  Millions
Callon Petroleum Co  0.68 $ 2,720.115  Millions$ 3,991.361  Millions
Enerplus Corporation  0.68 $ 829.040  Millions$ 1,227.349  Millions

Date modified: 2024-03-08T13:00:49+00:00



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