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Asset logo for symbol RNG
RingCentral
RNG51
$30.09arrow_drop_down2.90%-$0.90
Asset logo for symbol RNG
RNG51

$30.09

arrow_drop_down2.90%

Income Statement (RNG)

itemJun 2024Mar 2024Dec 2023Sep 2023Jun 2023
EBIT-$4.16M-$6.31M-$109.45M-$38.83M-$9.41M
EBITDA$57.24M$55.40M-$45.04M$25.43M$48.62M
gross Profit$416.28M$414.29M$401.04M$389.19M$374.88M
NET Income-$14.75M-$28.49M-$47.24M-$42.11M-$21.48M
total Revenue$592.90M$584.21M$571.27M$558.16M$539.30M

Balance Sheet (RNG)

itemJun 2024Mar 2024Dec 2023Sep 2023Jun 2023
cash Equivalents---$310.46M$143.66M
net Debt$1.58B$1.58B$1.56B$1.38B$1.37B
stockholders Equity-$528.25M-$522.36M-$502.56M-$484.45M-$471.84M
total Assets$1.83B$1.87B$1.94B$2.18B$1.96B
total Debt$1.78B$1.78B$1.78B$1.81B$1.59B
total Liabilities$2.36B$2.39B$2.44B$2.66B$2.43B

Cash Flow (RNG)

itemJun 2024Mar 2024Dec 2023Sep 2023Jun 2023
financing Cash Flow-$85.92M-$92.79M-$311.06M$153.04M-$122.11M
free Cash Flow$108.50M$74.81M$98.70M$69.96M$72.88M
investing Cash Flow----$70.46M-$39.12M
operating Cash Flow$126.79M$94.22M$118.68M$86.59M$90.69M

RingCentral (RNG) Financials

RingCentral Inc (RNG) is a leading provider of cloud-based communication and collaboration solutions for businesses. The company's financials are a key indicator of its performance and strength in the market. Let's take a closer look at some of the important financial metrics for RingCentral Inc (RNG).
Starting with the income statement, it provides an overview of the company's revenues and expenses. It shows the net income from stockholders, which is the profit attributed to the company's shareholders after deducting all expenses and taxes. The total revenue indicates the overall sales generated by RingCentral Inc (RNG) during a specific period.
Moving on to the balance sheet, it presents a snapshot of the company's financial position at a given point in time. The total assets showcase the value of all resources owned by RingCentral Inc (RNG), including cash, investments, and physical assets. The stockholders' equity represents the amount of capital invested by the shareholders in the company.
Additionally, the balance sheet shows the total liabilities, which include both short-term and long-term obligations. The cash equivalents represent highly liquid assets held by RingCentral Inc (RNG) that can be readily converted into cash. The net debt reflects the company's total debt minus its cash and cash equivalents.
Furthermore, the cash flow statement provides insights into the company's sources and uses of cash. The operating cash flow reveals the cash generated from RingCentral Inc (RNG)'s core business operations. The investing cash flow indicates the cash used for investments in assets or acquisitions, while the financing cash flow shows the cash flows related to the company's capital structure and dividends.
In terms of profitability, the gross profit highlights the difference between the revenue generated and the cost of goods sold. The EBIT (earnings before interest and taxes) and EBITDA (earnings before interest, taxes, depreciation, and amortization) measure the company's profitability before considering interest, taxes, and non-cash expenses.
Finally, the free cash flow represents the amount of cash left after subtracting capital expenditures from the operating cash flow. It reflects the company's ability to generate cash for reinvestment, debt reduction, or distribution to shareholders.
In conclusion, the financials of RingCentral Inc (RNG) provide important insights into its performance, profitability, and financial position. It allows investors and stakeholders to assess the company's financial health and make informed decisions.
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