RISE (Rise Oil & Gas) Accumulated Depreciation: $-0.02 Mil (As of Sep. 2023)

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What is Rise Oil & Gas Accumulated Depreciation?

Rise Oil & Gas RISE +1.38% Accumulated Depreciation is $-0.02 Mil as of Sep. 2023.

Note: A negative number here means the assets are depreciated. When depricates more, the absolute value gets bigger.

Rise Oil & Gas's quarterly accumulated depreciation increased from Mar. 2023 ($-0.01 Mil) to Jun. 2023 ($-0.01 Mil) and increased from Jun. 2023 ($-0.01 Mil) to Sep. 2023 ($-0.02 Mil).

Rise Oil & Gas's annual accumulated depreciation declined from . 20 ($0.00 Mil) to Dec. 2021 ($-0.00 Mil) but then increased from Dec. 2021 ($-0.00 Mil) to Dec. 2022 ($-0.01 Mil).

Rise Oil & Gas Accumulated Depreciation Related Terms

Rise Oil & Gas Accumulated Depreciation Historical Data

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The historical data trend for Rise Oil & Gas's Accumulated Depreciation can be seen below:

* 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.

Rise Oil & Gas Accumulated Depreciation Chart

Rise Oil & Gas Annual Data
Trend Dec21 Dec22
Accumulated Depreciation
-0.00 -0.01

Rise Oil & Gas Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Accumulated Depreciation Get a 7-Day Free Trial -0.01 -0.01 -0.01 -0.01 -0.02

Rise Oil & Gas Accumulated Depreciation Calculation

The cumulative depreciation of an asset up to a single point in its life. Regardless of the method used to calculate it, the depreciation of an asset during a single period is added to the previous period's accumulated depreciation to get the current accumulated depreciation.

What does a Accumulated Depreciation of $-0.02 Mil mean?
Rise Oil & Gas (RISE) has a Accumulated Depreciation of $-0.02 Mil as of Sep. 2023. Accumulated depreciation is a contra-asset item that accounts for the decline in value of long-term assets. View historical data on Rise Oil & Gas and its competitors.
Is Rise Oil & Gas' Accumulated Depreciation too high?
Rise Oil & Gas' current Accumulated Depreciation is $-0.02 Mil.
How does Rise Oil & Gas' Accumulated Depreciation compare to ?
Rise Oil & Gas' Accumulated Depreciation of $-0.02 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accumulated Depreciation for an Oil & Gas company?
A good Accumulated Depreciation depends on the Oil & Gas industry context. However, Accumulated Depreciation should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accumulated Depreciation mean?
A high Accumulated Depreciation can signal that a stock is expensive relative to its fundamentals. Accumulated depreciation is a contra-asset item that accounts for the decline in value of long-term assets. View historical data on Rise Oil & Gas and its competitors. Rise Oil & Gas's current Accumulated Depreciation is $-0.02 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rise Oil & Gas stock overvalued right now?
Rise Oil & Gas (RISE) has a current Accumulated Depreciation of $-0.02 Mil. The current Accumulated Depreciation is $-0.02 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accumulated Depreciation calculated?
Accumulated Depreciation is calculated from a company's financial statements. For Rise Oil & Gas (RISE), the current Accumulated Depreciation is $-0.02 Mil as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Rise Oil & Gas Business Description

Industry EnergyOil & Gas
Comparable Companies
Address 8911 N. Capital of Texas Highway, Suite 4200, Austin, TX, USA, 78759
Rise Oil & Gas Inc is an independent oil and natural gas company focused on securing high-quality, long-lived oil and natural gas assets to create a sustainable inventory of highly economic wells. It has established its initial acreage position in the Permian Basin; however, it actively evaluates opportunities in other oil and natural gas-producing regions.