Combined Ratio (Annual)

Combined Ratio: A measure of profitability used by an insurance company to indicate how well it is performing in its daily operations. The combined ratio is calculated by taking the sum of incurred losses and expenses and then dividing them by earned premium. Calculated as: Total Operating Expenses / Net Premiums Earned

Ring Energy, Inc. (REI) Combined Ratio data is not available.

Quarterly Annual

Figures for fiscal year ending 2024-12-31

Income Statement Financials
Revenue	$366.33M
Net Income	$67.47M
Cost of Goods Sold	$94.43M
Gross Profit	$271.90M
Operating Expenses	$233.43M
Operating Income	$132.90M
Non-Operating Income/Expense	$-44.99M
Pre-Tax Income	$87.91M
Normalized Pre-Tax Income	$87.82M
Income after Taxes	$67.47M
Income from Continuous Operations	$67.47M
Consolidated Net Income/Loss	$67.47M
Normalized Income after Taxes	$67.36M
EBIT	$132.90M
EBITDA	$236.57M
Weighted-Average Shares Outstanding (Basic)	197.94M
Weighted-Average Shares Outstanding (Diluted)	200.28M
Earnings per Share (EPS) (Basic)	$0.34
Earnings per Share (EPS) (Diluted)	$0.34
Balance Sheet Financials
Current Assets	$50.45M
Property, Plant, and Equipment	$1.34B
Long-Term Assets	$1.36B
Total Assets	$1.41B
Current Liabilities	$105.04M
Long-Term Debt	$385.65M
Long-Term Liabilities	$444.42M
Total Liabilities	$549.46M
Common Equity	$858.64M
Tangible Shareholders Equity	$858.64M
Shareholders Equity	$858.64M
Common Shares Outstanding	198.56M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$194.42M
Cash Flow from Investing Activities	$-150.85M
Cash Flow from Financial Activities	$-42.00M
Beginning Cash	$0.30M
End Cash	$1.87M
Increase/Decrease in Cash	$1.57M
Stock-Based Compensation	$5.51M
Common Stock Dividends Paid	--
Preferred Stock Dividends Paid	--
Fundamental Metrics & Ratios
Current Ratio	0.48
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	0.31
Debt to Equity Ratio	0.45
Gross Margin	74.22%
Operating Margin	36.28%
EBIT Margin	36.28%
EBITDA Margin	64.58%
Pre-Tax Profit Margin	24.00%
Profit Margin	18.42%
Free Cash Flow	$43.45M
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	0.26
Inventory Turnover	23.33
Receiveable Turnover	9.83
Days Sales in Receivables	37.12
Return on Equity	7.86%
Return on Tangible Equity	7.86%
Return on Assets	4.79%
Return on Investments	5.42%
Book Value Per Share	$4.32
Free Cash Flow per Share	$0.22
Operating Cash Flow per Share	$0.97

Data from Zacks Investment Research, Inc.