Ring Energy, Inc. (REI) Balance Sheet
REI balance sheet, 2025
December 31, 2025 · U.S. dollars$1.51B assets = $677.2M liabilities + $836.3M equity
Both columns are drawn to the same scale: what REI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
REI financial health
Descriptive bands, not a rating. Fiscal 2025.
REI balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $307.6M2016 | $1.51B2025 | +19.4%/yr | |
| Total liabilities | $17.1M2016 | $677.2M2025 | +50.5%/yr | |
| Shareholders’ equity | $290.5M2016 | $836.3M2025 | +12.5%/yr | |
| Cash & short-term investments | $71.1M2016 | $902,9132025 | −38.4%/yr | |
| Total debt | $02016 | $423.2M2025 | — | |
| Net cash (debt) | $71.1M2016 | −$422.3M2025 | −$493.4M | |
| Working capital | $66.1M2016 | −$38.9M2025 | −$105.0M | |
| Book value per share | $6.752017 | $4.042025 | −6.2%/yr | |
| Current ratio | 8.272016 | 0.612025 | −7.65 | |
| Debt / equity | 0.002016 | 0.512025 | +0.51 | |
| Shares outstanding | 52.8M2017 | 207.0M2025 | +18.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
REI assets
REI liabilities and equity
REI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
REI balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $902,913 | $1.9M | $296,384 | $3.7M | $2.4M | $3.6M | $10.0M | $3.4M | $15.0M | $71.1M |
| Cash & equivalents | $902,913 | $1.9M | $296,384 | $3.7M | $2.4M | $3.6M | $10.0M | $3.4M | $15.0M | $71.1M |
| Short-term investments | — | — | — | — | — | — | — | — | $0 | $0 |
| Receivables | $32.6M | $37.3M | $41.4M | $43.4M | $26.5M | $16.8M | $24.7M | $13.2M | $13.9M | $3.9M |
| Inventory | $5.3M | $4.0M | $6.1M | $9.3M | −$937.1M | $1 | −$5.89B | $0 | $0 | $0 |
| Other current assets | $23.3M | $7.3M | $8.1M | $6.8M | $938.0M | $396,108 | $5.90B | $258,909 | $229,438 | $226,835 |
| Total current assets | $62.1M | $50.4M | $55.9M | $63.2M | $29.8M | $20.8M | $38.7M | $16.8M | $29.1M | $75.2M |
| Property, plant & equipment (net) | $1.33B | $1.34B | $1.30B | $1.18B | $652.6M | $640.3M | $931.1M | $542.0M | $373.6M | $211.9M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $6.1M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $120.7M | $13.6M | $24.7M | $17.9M | $1.7M | $2.4M | $3.2M | $8.2M | $11.4M | $20.5M |
| Total assets | $1.51B | $1.41B | $1.38B | $1.27B | $684.2M | $663.5M | $973.0M | $567.1M | $414.1M | $307.6M |
| Liabilities | ||||||||||
| Accounts payable | $97.5M | $95.7M | $104.1M | $111.4M | $46.2M | $32.5M | $54.6M | $51.9M | $44.5M | $9.1M |
| Short-term debt | $3.1M | $2.1M | $2.1M | $1.6M | $1.2M | $1.2M | $1.5M | $0 | $4.0M | $0 |
| Total current liabilities | $101.0M | $105.0M | $113.8M | $141.8M | $76.7M | $36.9M | $59.1M | $51.9M | $48.4M | $9.1M |
| Long-term debt | $420.6M | $385.6M | $425.9M | $415.0M | $290.3M | $313.1M | $366.9M | $39.5M | $0 | $0 |
| Lease obligations | $2.7M | $3.6M | $4.5M | $3.6M | $2.1M | $1.9M | $2.6M | — | — | — |
| Other long-term liabilities | $155.7M | $58.8M | $50.2M | $51.1M | $16.5M | $18.6M | $23.5M | $13.1M | $9.1M | $8.0M |
| Total liabilities | $677.2M | $549.5M | $589.9M | $607.9M | $383.5M | $368.7M | $449.5M | $104.5M | $57.5M | $17.1M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $207,657 | $198,561 | $196,837 | $175,530 | $100,193 | $85,568 | $67,994 | $63,230 | $54,224 | $49,113 |
| Retained earnings (deficit) | $23.3M | $58.0M | −$9.4M | −$114.3M | −$252.9M | −$256.3M | −$2.9M | −$32.4M | −$41.4M | −$44.7M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | — | — | $0 | $0 | $0 | $0 | $0 | −$100.6M | −$61.9M | −$41.3M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $836.3M | $858.6M | $786.6M | $661.1M | $300.6M | $294.8M | $523.5M | $462.6M | $356.6M | $290.5M |
| Key figures | ||||||||||
| Total debt | $423.2M | $389.1M | $430.0M | $419.1M | $292.7M | $314.9M | $369.1M | $39.5M | $4.0M | $0 |
| Net cash (debt) | −$422.3M | −$387.2M | −$429.7M | −$415.4M | −$290.3M | −$311.3M | −$359.1M | −$36.1M | $11.0M | $71.1M |
| Working capital | −$38.9M | −$54.6M | −$57.9M | −$78.6M | −$46.9M | −$16.1M | −$20.4M | −$35.1M | −$19.3M | $66.1M |
| Tangible book value | $836.3M | $858.6M | $786.6M | $661.1M | $300.6M | $294.8M | $523.5M | $462.6M | $356.6M | $290.5M |
| Book value per share | $4.04 | $4.29 | $4.03 | $4.66 | $2.48 | $4.04 | $7.84 | $7.60 | $6.75 | — |
| Shares outstanding | 207.0M | 200.3M | 195.4M | 141.8M | 121.2M | 72.9M | 66.8M | 60.8M | 52.8M | — |
| Current ratio | 0.61 | 0.48 | 0.49 | 0.45 | 0.39 | 0.56 | 0.66 | 0.32 | 0.60 | 8.27 |
| Quick ratio | 0.33 | 0.37 | 0.37 | 0.33 | 0.38 | 0.55 | 0.59 | 0.32 | 0.60 | 8.24 |
| Debt / equity | 0.51 | 0.45 | 0.55 | 0.63 | 0.97 | 1.07 | 0.70 | 0.09 | 0.01 | 0.00 |
| Equity / assets | 55.3% | 61.0% | 57.1% | 52.1% | 43.9% | 44.4% | 53.8% | 81.6% | 86.1% | 94.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.1M | $1.0M | $902,913 | $286,907 | $9.6M | $1.1M | $1.9M | $0 | $1.2M | $1.4M | $296,384 | $138,581 |
| Cash & equivalents | $1.1M | $1.0M | $902,913 | $286,907 | $9.6M | $1.1M | $1.9M | $0 | $1.2M | $1.4M | $296,384 | $138,581 |
| Receivables | $44.5M | $46.6M | $32.6M | $35.4M | $39.5M | $37.8M | $37.3M | $37.7M | $43.3M | $46.2M | $41.4M | $49.1M |
| Inventory | $5.6M | $6.1M | $5.3M | $5.0M | $5.4M | $3.3M | $4.0M | $4.6M | $5.8M | $6.0M | $6.1M | $5.5M |
| Other current assets | $9.5M | $5.4M | $23.3M | $15.1M | $7.9M | $6.5M | $7.3M | $10.5M | $6.0M | $5.1M | $8.1M | $3.9M |
| Total current assets | $60.8M | $59.3M | $62.1M | $55.8M | $62.4M | $48.7M | $50.4M | $52.8M | $56.2M | $58.7M | $55.9M | $58.6M |
| Property, plant & equipment (net) | $4.4M | $4.6M | $1.33B | $1.36B | $1.44B | $1.45B | $1.34B | $5.4M | $1.32B | $1.31B | $1.30B | $1.28B |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.22B | $1.19B | $120.7M | $14.3M | $17.1M | $11.9M | $13.6M | $1.34B | $13.7M | $16.9M | $24.7M | $20.7M |
| Total assets | $1.28B | $1.25B | $1.51B | $1.43B | $1.52B | $1.51B | $1.41B | $1.40B | $1.39B | $1.38B | $1.38B | $1.36B |
| Liabilities | ||||||||||||
| Accounts payable | $98.1M | $102.6M | $97.5M | $86.5M | $82.4M | $86.4M | $95.7M | $90.1M | $90.0M | $99.1M | $104.1M | $110.4M |
| Short-term debt | $2.2M | $1.2M | $3.1M | $2.4M | $2.9M | $1.5M | $2.1M | $2.4M | $2.9M | $1.6M | $2.1M | $2.3M |
| Deferred revenue | — | — | — | — | — | — | — | $257,704 | $182,805 | $102,633 | — | $264,261 |
| Total current liabilities | $112.9M | $147.9M | $101.0M | $101.6M | $98.3M | $103.7M | $105.0M | $97.6M | $111.4M | $118.4M | $113.8M | $151.9M |
| Long-term debt | $360.0M | $426.0M | $420.6M | $428.5M | $448.6M | $460.7M | $385.6M | $392.5M | $407.0M | $422.0M | $425.0M | $428.7M |
| Lease obligations | $2.3M | $2.4M | $2.7M | $2.8M | $3.0M | $3.5M | $3.6M | $3.6M | $4.0M | $4.4M | $4.5M | $4.2M |
| Other long-term liabilities | $55.2M | $58.9M | $155.7M | $56.8M | $71.5M | $65.2M | $58.8M | $58.4M | $53.9M | $51.3M | $51.1M | $49.3M |
| Total liabilities | $528.1M | $632.7M | $677.2M | $587.0M | $618.4M | $629.6M | $549.5M | $548.5M | $572.3M | $591.7M | $589.9M | $629.9M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $260,520 | $209,395 | $207,657 | $207,223 | $206,542 | $206,509 | $198,561 | $198,196 | $198,166 | $197,934 | $196,837 | $195,380 |
| Retained earnings (deficit) | −$126.8M | −$191.6M | $23.3M | $36.1M | $87.8M | $67.1M | $58.0M | $52.4M | $18.5M | −$3.9M | −$9.4M | −$60.3M |
| Accumulated other comprehensive income | — | — | — | $0 | — | — | — | — | $0 | $0 | $0 | $0 |
| Total shareholders' equity | $753.4M | $622.0M | $836.3M | $847.7M | $897.9M | $876.0M | $858.6M | $851.3M | $817.4M | $793.0M | $786.6M | $733.5M |
| Key figures | ||||||||||||
| Total debt | $363.8M | $428.4M | $423.2M | $431.9M | $452.5M | $463.5M | $389.1M | $396.5M | $412.3M | $426.4M | $430.0M | $433.2M |
| Net cash (debt) | −$362.6M | −$427.4M | −$422.3M | −$431.6M | −$442.9M | −$462.4M | −$387.2M | −$396.5M | −$411.2M | −$425.0M | −$429.7M | −$433.0M |
| Working capital | −$52.1M | −$88.6M | −$38.9M | −$45.8M | −$35.9M | −$55.1M | −$54.6M | −$44.8M | −$55.2M | −$59.8M | −$57.9M | −$93.3M |
| Tangible book value | $753.4M | $622.0M | $836.3M | $847.7M | $897.9M | $876.0M | $858.6M | $851.3M | $817.4M | $793.0M | $786.6M | $733.5M |
| Book value per share | $3.14 | $3.00 | $4.04 | $4.10 | $4.34 | $4.36 | $4.29 | $4.24 | $4.08 | $3.98 | $3.98 | $3.75 |
| Shares outstanding | 240.0M | 207.0M | 207.0M | 207.0M | 207.0M | 201.1M | 200.3M | 200.7M | 200.4M | 199.3M | 197.8M | 195.4M |
| Current ratio | 0.54 | 0.40 | 0.61 | 0.55 | 0.63 | 0.47 | 0.48 | 0.54 | 0.50 | 0.50 | 0.49 | 0.39 |
| Quick ratio | 0.40 | 0.32 | 0.33 | 0.35 | 0.50 | 0.37 | 0.37 | 0.39 | 0.40 | 0.40 | 0.37 | 0.32 |
| Debt / equity | 0.48 | 0.69 | 0.51 | 0.51 | 0.50 | 0.53 | 0.45 | 0.47 | 0.50 | 0.54 | 0.55 | 0.59 |
| Equity / assets | 58.8% | 49.6% | 55.3% | 59.1% | 59.2% | 58.2% | 61.0% | 60.8% | 58.8% | 57.3% | 57.1% | 53.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 4, 2026); data from EODHD.
REI financial position
At the end of fiscal 2025 (December 31, 2025), Ring Energy had total assets of $1.5 billion (up 7.5% from a year earlier), total liabilities of $677.2 million and shareholders' equity of $836.3 million. It held $0.9 million in cash and short-term investments against $423.2 million of debt, net debt of $422.3 million. Its current ratio was 0.61. In the latest quarter (ended June 30, 2026) total assets were $1.3 billion and equity $753.4 million.
Related: REI income statement, REI cash flow statement, REI key metrics. See the REI stock overview for the latest quote and news.
REI balance sheet FAQ
What are Ring Energy's total assets?
Ring Energy reported total assets of $1.5 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.4 billion a year earlier.
How much debt does Ring Energy have?
Ring Energy had $423.2 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.51.
How much cash does Ring Energy have?
Ring Energy held $0.9 million in cash and short-term investments at the end of fiscal 2025; with $423.2 million of debt that is net debt of $422.3 million.
What is Ring Energy's book value?
Ring Energy's shareholders' equity (book value) was $836.3 million at the end of fiscal 2025, or $4.04 per share.
What is Ring Energy's current ratio?
Ring Energy had current assets of $62.1 million and current liabilities of $101.0 million, a current ratio of 0.61 (current liabilities exceed current assets).