RigNet Balance Sheet - Annual (NASDAQ:RNET)

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$20 $0.15 (0.76%) RNET stock closing price Sep 18, 2018 (Closing)

A balance sheet is one of the three key financial statements released by a publicly listed company like RigNet, and helps in stock analysis. How cash on hand has increased or decreased is one of the many indicators used while undertaking the RigNet stock analysis, and provides insights into the firm's financial performance. Annual results are typically accompanied with the company releasing financial statements. RigNet had a long term debt of $53.17M at the end of 2017. To understand the debt servicing capacity of the company, one needs to look at RigNet operating cash flow and RigNet revenue also. RigNet debt to equity ratio is 0.53.

View latest 10 year balance sheet data to check RigNet financial performance.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Cash34.64M57.29M61.01M67.77M60.33M60.73M53.1M52.93M11.37M-
Marketable Securities----------
Receivables49.02M48.67M62.1M74.62M45.38M40.02M26.35M15.97M12.72M-
Inventory----------
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets7.98M12.76M13.89M21.25M14.23M6.21M3.58M3.41M4.35M-
Total Current Assets
91.64M118.72M137.01M163.65M119.95M106.97M83.03M72.32M30.96M-
Property Plant & Equipment168.09M143.51M179.01M195.09M155.76M126.85M93.76M74.62M62.05M-
Accumulated Depreciation107.75M83.75M106.47M118.89M96.71M80.2M61.1M48.24M35.04M-
Net Property Plant & Equipment
60.34M59.75M72.54M76.19M59.05M46.65M32.65M26.38M27.01M-
Investment & Advances----------
Other Non-Current Assets----------
Deferred Charges9.11M12.95M11.52M8.74M6.37M4.77M5.58M2.97M1.07M-
Intangibles67.49M38.02M37.03M51.17M52.1M55.73M19.64M20.6M22.25M-
Deposits & Other Assets1.5M1.51M--1.32M1.8M-7.5M7.5M-
Total Assets
230.09M230.97M258.11M299.83M238.8M215.93M140.92M129.78M88.81M-
Notes Payable----------
Accounts Payable12.23M9.05M6.84M13.56M13.74M11.76M5.45M4.86M3.75M-
Current Portion Long-Term Debt4.94M8.47M8.42M8.4M8.38M9.42M8.73M8.65M8.66M-
Current Portion Capital Leases----------
Accrued Expenses16.08M12.83M19.94M23.23M12.94M8.68M7.11M6.62M5.92M-
Income Taxes Payable1.6M-3.09M4.97M4.35M5.52M5.26M4.75M6.02M-
Other Current Liabilities8.51M3.62M4.67M4.78M2.9M6.77M1.54M1.3M1.3M-
Total Current Liabilities
43.37M34.87M42.97M54.95M42.33M42.16M28.11M26.2M25.67M-
Mortgages----------
Deferred Taxes/Income----1.28M1.94M----
Convertible Debt----------
Long-Term Debt53.17M52.99M69.23M77.7M51.17M51.87M14.78M23.48M21.02M-
Non-Current Capital Leases----------
Other Long-Term Liabilities25.53M30.02M22M24.34M19.22M17.97M14.13M11.28M5.2M-
Total Liabilities
122.81M118.39M134.8M157.74M114.01M113.96M57.53M61.92M83.14M-
Minority Interest--------30.44M-
Preferred Stock--------21.9M-
Common Stock Net----------
Capital Surplus155.82M147.9M143.01M137.66M128.93M120.05M116.74M110.11M9.52M-
Retained Earnings-33.72M-17.55M-6.04M10.93M-4.7M-21.04M-32.92M-42.44M-26.84M-
Treasury Stock----------
Other Liabilities-14.72M-17.79M-13.67M-6.52M-2.94M-0.44M-1.08M-
Shareholders Equity107.27M112.57M123.31M142.09M124.78M101.97M83.38M67.86M-16.23M-
Total Liabilities & Shareholders Equity230.09M230.97M258.11M299.83M238.8M215.93M140.92M129.78M88.81M-
All figures in USD. M: Millions of USD, B: Billions of USD.
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Most investors just check the RigNet stock price, and RigNet historical stock prices before investing. While share price is an important factor, one should also look at financials and valuation metrics like the RigNet PE ratio chart. Below is a brief explanation of common balance sheet terms:

  • Assets: RNET total assets, which was at $230.09M for 2017 is a balance sheet item representing value of what RigNet owns. Assets are brought to aid a firms operations, or to increase its economic value. It must be noted that tech stocks may not have a lot of assets, as the value for these companies is often derived from future earning potential.
  • Liabilities or obligations comprise of current liabilities that include short term loans, amounts payable to suppliers, or any other outstanding payments including long term liabilities that take into account long term loans for funding large projects. The total liabilities for RigNet is $122.81M. Shareholders' equity comes under liabilities as it is money the company owes the holders of RNET stock.

RigNet Balance Sheet - Key Ratios

Current ratio
1.75
Debt to equity ratio
0.53
Asset turnover ratio
0.96
Receivables turnover
4.16
Price to book ratio
3.35