RING ENERGY, INC. Annual Interest Expense in USD from 2010 to 2023

Taxonomy & unit
us-gaap: USD
Description
Amount of the cost of borrowed funds accounted for as interest expense.
Summary
Ring Energy, Inc. quarterly/annual Interest Expense history and growth rate from 2010 to 2023.
  • Ring Energy, Inc. Interest Expense for the quarter ending March 31, 2024 was $11.5M, a 10.7% increase year-over-year.
  • Ring Energy, Inc. Interest Expense for the twelve months ending March 31, 2024 was $45M, a 49.3% increase year-over-year.
  • Ring Energy, Inc. annual Interest Expense for 2023 was $43.9M, a 89.6% increase from 2022.
  • Ring Energy, Inc. annual Interest Expense for 2022 was $23.2M, a 59.9% increase from 2021.
  • Ring Energy, Inc. annual Interest Expense for 2021 was $14.5M, a 17.8% decline from 2020.
Interest Expense, Trailing 12 Months (USD)
Interest Expense, Annual (USD)
Interest Expense, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date Report Filed
2023 $43.9M +$20.8M +89.6% Jan 1, 2023 Dec 31, 2023 10-K 2024-03-07
2022 $23.2M +$8.68M +59.9% Jan 1, 2022 Dec 31, 2022 10-K 2024-03-07
2021 $14.5M -$3.13M -17.8% Jan 1, 2021 Dec 31, 2021 10-K 2024-03-07
2020 $17.6M +$3.75M +27.1% Jan 1, 2020 Dec 31, 2020 10-K 2023-03-09
2019 $13.9M +$13.4M +3140% Jan 1, 2019 Dec 31, 2019 10-K 2022-03-16
2018 $428K +$428K Jan 1, 2018 Dec 31, 2018 10-K/A 2021-03-17
2017 $0 -$649K -100% Jan 1, 2017 Dec 31, 2017 10-K 2020-03-16
2016 $649K -$100K -13.4% Jan 1, 2016 Dec 31, 2016 10-K 2019-02-28
2015 $749K +$749K Jan 1, 2015 Dec 31, 2015 10-K 2018-03-15
2014 $0 -$9.89K -100% Jan 1, 2014 Dec 31, 2014 10-K 2017-03-15
2013 $9.89K -$209K -95.5% Jan 1, 2013 Dec 31, 2013 10-K 2016-03-15
2012 $219K +$219K Jan 1, 2012 Dec 31, 2012 10-K 2015-03-16
2011 $0 $0 Jan 1, 2011 Dec 31, 2011 10-K 2012-03-20
2010 $0 Jan 1, 2010 Dec 31, 2010 10-K 2012-03-20
* An asterisk sign (*) next to the value indicates that the value is likely invalid.