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

Cumulative Ring Energy Inc 's Working Capital Ratio for Trailing Twelve Months Period

REI's Working Capital Ratio for Trailing Twelve Months Period and Current Assets, Current Liabilities growth


Select the Comparisons : Select the Ratio:

REI Working Capital Ratio for Trailing Twelve Months Period

(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 Current Liabilities Growth -27.78 % 7.77 % -11.87 % -3.1 % 70.19 %
Y / Y Current Assets Growth -11.49 % -10.11 % 15.7 % 48.35 % 111.92 %
Working Capital Ratio for Trailing Twelve Months Period 0.48 0.46 0.48 0.45 0.41
Total Ranking # 2246 # 3542 # 3718 # 3940 # 4598
Seq. Current Liabilities Growth -26.07 % 52.21 % -8.66 % -29.73 % 10.32 %
Seq. Current Assets Growth -4.63 % 6.39 % -5.74 % -7.45 % -3.15 %


Working Capital Ratio for Trailing Twelve Months Period Comment for 12 Months ending at Dec 31 2023
On the trailing twelve months basis Current Liabilities decreased faster than Ring Energy Inc 's average Current Assets, this led to increase in in Ring Energy Inc 's Working Capital Ratio for Trailing Twelve Months Period to 0.48, Working Capital Ratio for Trailing Twelve Months Period remained below Ring Energy Inc average.
Working Capital Ratio for Trailing Twelve Months Period is the average cumulative value over the last four quarters.

Among companies operatig within Oil And Gas Production industry 66 other companies have achieved higher Working Capital Ratio for Trailing Twelve Months Period than Ring Energy Inc . While overall ranking remained unchanged compare to previous quarter at no. .

What is Working Capital Ratio?
More about REI
Working Capital Ratio REI in the most recent quarter
Working Capital Ratio for Trailing Twelve Months Period Company Ranking
Within: No.
Industry # 67
Sector # 111
S&P 500 # 2234


Working Capital Ratio for Trailing Twelve Months Period Statistics
High Average Low
4.69 1.17 0.3
(March 31, 2014)   (Dec 31 2021)




Companies with similar average Working Capital Ratio for Trailing Twelve Months Period for 12 months ending Dec 31 2023, within Oil And Gas Production Industry Working Capital Ratio for Trailing Twelve Months Period
Trio Petroleum Corp   1.32 
Sm Energy Co  1.30 
California Resources Corp  1.26 
Nextier Oilfield Solutions Inc   1.25 
Propetro Holding Corp   1.20 
Primeenergy Resources Corporation  1.19 
Totalenergies Se  1.15 
Chord Energy Corporation  1.12 
Profrac Holding Corp   1.10 
Devon Energy Corp  1.10 
Zion Oil and Gas Inc   1.04 
Occidental Petroleum Corporation  1.04 
Apa Corporation  1.03 
Northern Oil And Gas Inc   1.03 
Amplify Energy Corp   1.00 
W and t Offshore inc   0.99 
National Energy Services Reunited Corp   0.99 
Petrochina Co Ltd  0.98 
Vitesse Energy Inc   0.94 
Txo Partners L p   0.92 
North American Construction Group Ltd   0.91 
Silverbow Resources Inc   0.91 
Vermilion Energy inc   0.90 
Pioneer Natural Resources Co  0.89 
Murphy Oil Corporation  0.85 
Vital Energy inc   0.84 
Ecopetrol S a   0.83 
Civitas Resources inc   0.83 
Enerplus Corporation  0.82 
Hess Midstream Lp  0.82 




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