SELECT id, `name`, primary_key, `key`, treemapgroup, name_cn, zacks_table_name, compare_key, compare_display_name from gurufocu_main.financial_definition where termpagedisplay=1 and `key` = 'rank_balancesheet' SD (SandRidge Energy) Financial Strength
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » SandRidge Energy Inc (NYSE:SD) » Definitions » Financial Strength

SandRidge Energy (SandRidge Energy) Financial Strength

: 10 (As of Dec. 2023)
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SandRidge Energy has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.

Good Sign:

SandRidge Energy Inc shows strong financial strength.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

SandRidge Energy has no long-term debt (1). SandRidge Energy's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.00. As of today, SandRidge Energy's Altman Z-Score is 2.75.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Competitive Comparison

For the Oil & Gas E&P subindustry, SandRidge Energy's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

SandRidge Energy Financial Strength Distribution

For the Oil & Gas industry and Energy sector, SandRidge Energy's Financial Strength distribution charts can be found below:

* The bar in red indicates where SandRidge Energy's Financial Strength falls into.


SandRidge Energy Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

SandRidge Energy's Interest Expense for the months ended in Dec. 2023 was $0.0 Mil. Its Operating Income for the months ended in Dec. 2023 was $13.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil.

SandRidge Energy's Interest Coverage for the quarter that ended in Dec. 2023 is

SandRidge Energy had no long-term debt (1).

The higher the ratio, the stronger the company's financial strength is.

Good Sign:

SandRidge Energy Inc has no debt.

2. Debt to revenue ratio. The lower, the better.

SandRidge Energy's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is

Debt to Revenue Ratio=Total Debt (Q: Dec. 2023 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 0) / 135.704
=0.00

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

SandRidge Energy has a Z-score of 2.75, indicating it is in Grey Zones. This implies that SandRidge Energy is in some kind of financial stress. If it is below 1.81, the company may faces bankrupcy risk.

Warning Sign:

Altman Z-score of 2.75 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

SandRidge Energy  (NYSE:SD) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

SandRidge Energy has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.

SandRidge Energy Financial Strength Related Terms

Thank you for viewing the detailed overview of SandRidge Energy's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.

SandRidge Energy (SandRidge Energy) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » SandRidge Energy Inc (NYSE:SD) » Definitions » Financial Strength
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Traded in Other Exchanges
SA2D:Germany SA2D:Germany
Address
1 East Sheridan Avenue, Suite 500, Oklahoma City, OK, USA, 73104
Website
https://www.sandridgeenergy.com
SandRidge Energy Inc is an us-based oil and natural gas company. It is engaged in the exploration, development, and production of crude oil, natural gas, and Natural gas liquids. Business activities of the group include Exploration and Production, Drilling and Oil Field Services, and Midstream Gas Services.
Executives
Brown Brandon Louis Sr. officer: SVP, Chief Financial Officer C/O SANDRIDGE ENERGY, INC., 1 EAST SHERIDAN, SUITE 500, OKLAHOMA CITY OK 73104
Grayson R Pranin officer: SVP, Chief Operating Officer 1 EAST SHERIDAN AVENUE, SUITE 500, OKLAHOMA CITY OK 73104
Nancy Martori Dunlap director C/O CVR REFINING, LP, 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Jaffrey Adam Firestone director C/O CVR ENERGY, INC., 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Salah Gamoudi officer: CFO/CAO C/O SANDRIDGE ENERGY, INC., 123 ROBERT S. KERR AVENUE, OKLAHOMA CITY OK 73102
Patricia A. Agnello director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Carl Fredrick Giesler officer: President and CEO 10000 ENERGY DRIVE, P. O. BOX 12359, SPRING TX 77391-2359
Randolph C Read director C/O NEW YORK REIT, INC., 405 PARK AVENUE, NEW YORK NY 10022
Paul D. Mckinney officer: President & CEO 1177 WEST LOOP SOUTH, SUITE 1825, HOUSTON TX 77027
Jonathan Christodoro director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
John J Lipinski director C/O CVR ENERGY, INC., 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Bob G Alexander director 6017 MORNING DOVE LANE, EDMOND OK 73025
Jonathan Frates director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Kenneth H Beer director 625 E. KALISTE SALOOM RD., LAFAYETTE LA 70508
Sylvia K. Barnes director 4853 POST OAK TIMBER DRIVE, HOUSTON TX 77056