RigNet Balance Sheet - Quarterly (NASDAQ:RNET)

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$18.85 $0.45 (2.33%) RNET stock closing price Sep 20, 2018 (Closing)

A thorough fundamental analysis involves using data from RigNet balance sheet, apart from other financial statements, to value the business. As in our RigNet stock analysis, analyzing a company also involves looking at the company's assets and liabilities as given in its balance sheet, which can be used to measure financial performance. Quarterly results announcements include the release of all three financial statements, of which the balance sheet is one. Apart from analyzing RigNet revenue RigNet operating cash flow, one needs to check balance sheet items like cash, fixed assets and debt. The RigNet balance sheet for 2018 Q2 shows cash on hand of $18.41M. The company has a debt to equity ratio of 0.53.

View and download RigNet quarterly results to get the balance sheet details for the latest 40 quarters data.
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Quarterly
Annual
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Fiscal year is Jan - Dec2018 Q22018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q1
Cash18.41M21.9M34.64M32.94M42.74M55.27M57.29M57.38M59.75M52.02M
Marketable Securities----------
Receivables64.85M55.97M49.02M49.21M47.01M46.92M48.67M54.35M51.18M66.68M
Inventory----------
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets10.77M7.99M7.98M8.51M12.68M13.52M12.76M14.18M11.93M12.8M
Total Current Assets
94.03M85.87M91.64M90.67M102.44M115.72M118.72M125.92M122.87M131.51M
Property Plant & Equipment--168.09M---143.51M---
Accumulated Depreciation--107.75M---83.75M---
Net Property Plant & Equipment
61.15M60.95M60.34M62.89M57.47M57.7M59.75M62.75M67.63M71.22M
Investment & Advances----------
Other Non-Current Assets----------
Deferred Charges8.77M8.65M9.11M13.31M13.03M12.84M12.95M14.16M14.43M12.2M
Intangibles87.36M88.23M67.49M69.46M48.24M36.95M38.02M40.34M42.37M49.28M
Deposits & Other Assets1.55M1.54M1.5M1.5M1.5M1.5M1.51M1.5M1.5M-
Total Assets
252.85M245.25M230.09M237.84M222.7M224.73M230.97M244.67M248.82M264.22M
Notes Payable----------
Accounts Payable17.3M12.87M12.23M12.19M10.87M10.78M9.05M7.21M6.15M7.94M
Current Portion Long-Term Debt4.95M4.94M4.94M8.54M8.54M8.53M8.47M8.51M8.38M8.38M
Current Portion Capital Leases----------
Accrued Expenses14.74M14.01M16.08M15.59M12.92M10.88M12.83M17.53M17.32M17.7M
Income Taxes Payable-1.48M1.6M------1.91M
Other Current Liabilities15.74M10.62M8.51M9.34M8.37M3.96M3.62M4.77M3.58M4.89M
Total Current Liabilities
53.64M43.94M43.37M45.91M40.92M35.02M34.87M38.05M35.75M40.83M
Mortgages----------
Deferred Taxes/Income4.41M4.3M--------
Convertible Debt----------
Long-Term Debt53.2M51.93M53.17M51.45M38.57M45.7M52.99M60.09M64.97M67.07M
Non-Current Capital Leases----------
Other Long-Term Liabilities31.52M33.3M25.53M27.36M28.27M30.23M30.02M28.21M29.79M32.57M
Total Liabilities
142.75M133.49M122.81M125.29M108.65M111.77M118.39M126.77M130.85M141.04M
Minority Interest----------
Preferred Stock----------
Common Stock Net----------
Capital Surplus170.6M165.62M155.82M154.95M153.95M149.53M147.9M147.32M145.49M143.72M
Retained Earnings-43.95M-39.62M-33.72M-28.05M-23.82M-19.57M-17.55M-13.78M-12.12M-7.37M
Treasury Stock1.25M1.09M--------
Other Liabilities-15.33M-13.16M-14.72M-14.25M-15.97M-16.89M-17.79M-15.65M-15.42M-13.18M
Shareholders Equity110.1M111.76M107.27M112.55M114.05M112.96M112.57M117.9M117.96M123.17M
Total Liabilities & Shareholders Equity252.85M245.25M230.09M237.84M222.7M224.73M230.97M244.67M248.82M264.22M
All figures in USD. M: Millions of USD, B: Billions of USD.
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Apart from balance sheet items, an investor would do well to keep track of the RigNet stock price by looking at RigNet historical stock prices. One can compare PE with industry average by looking at the RigNet PE ratio chart. The common balance sheet items are:

  • Assets: An asset is a resource that a corporation like RigNet owns and has monetary significance. RNET assets grew from $245.25M in 2018 Q1 to $252.85M in 2018 Q2. Assets can be of two types: fixed assets like real estate, plant and machinery; and current assets which includes cash, accounts receivable etc. Tech stocks typically don't have too many assets.
  • 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 $142.75M. 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
3.16