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Ring Energy (Ring Energy) Total Current Liabilities : $113.8 Mil (As of Dec. 2023)


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What is Ring Energy Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Ring Energy's total current liabilities for the quarter that ended in Dec. 2023 was $113.8


Ring Energy Total Current Liabilities Historical Data

The historical data trend for Ring Energy's Total Current Liabilities 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.

* Premium members only.

Ring Energy Total Current Liabilities Chart

Ring Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 59.09 36.94 76.67 141.80 113.81

Ring Energy Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 141.80 110.40 100.95 151.89 113.81

Ring Energy Total Current Liabilities Calculation

Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.

Ring Energy's Total Current Liabilities for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=104.064+2.058
+Other Current Liabilities+Current Deferred Liabilities
=7.686+0
=113.8

Ring Energy's Total Current Liabilities for the quarter that ended in Dec. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=104.064+2.058
+Other Current Liabilities+Current Deferred Liabilities
=7.686+0
=113.8

* 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.

The increase of Total Current Liabilities of a company is not necessarily a bad thing. This may conserve the company's cash and contribute positively to cash flow.

Total Current Liabilities is linked to Total Current Assets through the Current Ratio and Working Capital. The Current Ratio is equal to dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations. Net working capital is calculated as Total Current Assets minus Total Current Liabilities.


Be Aware

Stay away from companies that roll over the debt e.g. Bear Stearns

When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.

His favorite Wells Fargo has 57 cents short term debt for every dollar of long term.

Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term


Ring Energy Total Current Liabilities Related Terms

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Ring Energy (Ring Energy) Business Description

Industry
Traded in Other Exchanges
Address
1725 Hughes Landing Boulevard, Suite 900, The Woodlands, TX, USA, 77380
Ring Energy Inc is an independent exploration and production company based in The Woodlands, Texas and is engaged in oil and natural gas development, production, acquisition, and exploration activities currently focused in the Permian Basin of Texas. The drilling operations of the company target the oil and liquids rich producing formations in the Northwest Shelf, the Central Basin Platform, and the Delaware Basin all of which are part of the Permian Basin in Texas.
Executives
John A Crum director 5400 WESTHEIMER COURT, HOUSTON TX 77056
Paul D. Mckinney director, officer: CEO and Chairman of the Board 1177 WEST LOOP SOUTH, SUITE 1825, HOUSTON TX 77027
Anthony Benedict Petrelli director 6250 RAIN DANCE TRAIL, LITTLETON CO 80125
Stronghold Energy Ii Operating, Llc 10 percent owner 508 W. WALL STREET, SUITE %%), MIDLAND TX 79701
Warburg Pincus & Co Us, Llc 10 percent owner C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Warburg Pincus (e&p) Xii Llc 10 percent owner 450 LEXINGTON AVENUE, NEW YORK NY 10017
Richard E Harris director 2000 CHARWOOD DR, APT 2502, COLUMBUS IN 47201
William T Kruse 10 percent owner 1340 S MAIN ST., STE 300, GRAPEVINE TX 76051
David Habachy director C/O WARBURG PINCUS LLC, 450 LEXINGTON AVE, NEW YORK NY 10017
Warburg Pincus (e&p) Xii, L.p. 10 percent owner 450 LEXINGTON AVENUE, NEW YORK NY 10017
Warburg Pincus Private Equity (e&p) Xii-d (a), L.p. 10 percent owner C/O WARBURG PINCUS LLC, 450 LEXINGTON, NEW YORK NY 10017
Wp Xii (e&p) Partners (a), L.p. 10 percent owner C/O WARBURG PINCUS LLC, 450 LEXINGTON, NEW YORK NY 10017
Warburg Pincus Xii (e&p) Partners-2, L.p. 10 percent owner C/O WARBURG PINCUS LLC, 450 LEXINGTON, NEW YORK NY 10017
Warburg Pincus Xii (e&p) Partners-1, L.p. 10 percent owner C/O WARBURG PINCUS LLC, 450 LEXINGTON, NEW YORK NY 10017
Warburg Pincus Private Equity (e&p) Xii-e (a), L.p. 10 percent owner C/O WARBURG PINCUS LLC, 450 LEXINGTON, NEW YORK NY 10017

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