Balance Sheet Data

Ring Energy, Inc. (REI)

$1.4607

+0.03 (+2.15%)

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Total Cash 3.36103.582.413.7113.2718.9527.0738.6655.22
Total Cash (%)
Account Receivables 13.2224.7216.8326.4643.436491.41130.56186.48266.36
Account Receivables (%)
Inventories --5,891.380-937.099.25-4,321.32-6,172.21-8,815.85-12,591.81-17,985.07
Inventories (%)
Accounts Payable 51.9154.6432.5046.23111.40154.29220.37314.76449.58642.14
Accounts Payable (%)
Capital Expenditure -203.53-155.53-43.83-53.24-131.22-349.84-499.68-713.70-1,019.38-1,456
Capital Expenditure (%)



To support growth, companies need to keep investing in capital items – including property, plants and equipment.
To calculate this net investment,we take capital expenditure (found in the company’s statement of cash flows) and subtract non-cash depreciation (found on the income statement).
Working capital refers to the cash a company needs for day-to-day operations.
The faster a company expands, the more cash it will need.
To calculate working capital, we take current assets and subtract current liabilities.
You can find both of these on a company’s balance sheet, which is published in its quarterly and annual financial statements.