Company name:

RingCentral Inc

  • IPO SHARE PRICE:
    $13.00
  • IPO DATE:
    27 September 2013
  • TICKER:
    RNG
  • MAIN STOCK EXCHANGE:
    New York Stock Exchange
  • CURRENT HQ LOCATION:
    20 Davis Drive Belmont California 94002
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

RingCentral Inc

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Balance Sheet

Quarterly Annual
(USD in thousand)
29.3% 8.1%
Selected Year:
31-Dec
2020
Current Assets
Most valuable part of Current Assets is Cash and Marketable Securities which should be watched carefully; at the same time high and growing level of Accounts Receivables is very dangerous sign
42.4%
29.3% —

Cash and cash equivalents

8.1% —

Accounts Receivable

2.9% —

Deferred and prepaid sales commission costs

2.1% —

Prepaid expenses and other current assets

Liquidity
Selected Year:
The most liquid asset, however, most companies don't keep much of it and invest excess cash into marketable securities such as Government bonds - in the US - Treasuries
Cash and cash equivalents
$45,679
$45,679
$45,679
$45,679
$45,679
 $181,192 $566,329 $343,606 $639,853
Short-term passive investments
-
$45,679
$45,679
-
-
 - - - -
Accounts Receivable
$45,679
$45,679
$45,679
$45,679
$45,679
 46,690 94,375 129,990 176,034
Inventory
$45,679
$45,679
$45,679
$45,679
-
 - - - -
Prepaid expenses and other current assets
$45,679
$45,679
$45,679
$45,679
$45,679
 21,512 23,772 25,354 46,516
Deferred sales commissions
-
-
-
-
-
 15,424 - - -
Deferred and prepaid sales commission costs
-
-
-
-
-
 - 23,038 36,589 63,726
Total current assets
$45,679
$45,679
$45,679
$45,679
$45,679
 $264,818 $707,514 $535,539 $926,129
9.8% 6.5% 30.6% 5.4%
Selected Year:
31-Dec
2020
Non-Current Assets
Non-current assets characterize company's business: high Property, Plant, and Equipment means that company is in capital-intensive industry which typically is very cyclical (earnings fluctuate a lot); watch out for high level of Goodwill and other non-intangibles which is bad sign as they typically worth very low relative to their value shown on the balance sheet
57.6%
30.6% —

Deferred and prepaid sales commission costs

9.8% —

Long-term passive investments

6.5% —

Property and equipment net

5.4% —

Acquisition-related intangible assets

2.6% —

Goodwill

2.3% —

Operating lease - right-of-use assets

0.4% —

Other assets non-current
Selected Year:
Long-term passive investments
-
-
-
-
-
 - - 132,188 213,176
Property and equipment net
45,679
45,679
45,679
45,679
45,679
 43,298 70,205 89,230 142,208
Operating lease - right-of-use assets
-
-
-
-
-
 - - 39,269 51,115
Deferred sales commissions
-
-
-
-
-
 37,871 - - -
Deferred and prepaid sales commission costs
-
-
-
-
-
 - 55,735 462,344 667,779
Acquisition-related intangible assets
-
-
45,679
45,679
45,679
 1,462 19,480 127,338 118,313
Goodwill
-
-
45,679
45,679
45,679
 9,393 31,238 55,278 57,313
Other assets non-current
-
-
-
-
-
 - - 9,561 8,564
Other non-current assets
45,679
45,679
45,679
45,679
45,679
 2,972 10,154 9,561 -
Total non-current assets
45,679
45,679
45,679
45,679
45,679
 94,996 186,812 915,208 1,258,468
Total assets
45,679
45,679
45,679
45,679
45,679
 $359,814 $894,326 $1,450,747 $2,184,597
6.5% 9.6% 63.0% 30.9%
Selected Year:
31-Dec
2020
Current Liabilities
Current Liabilities represent company's short-term dues to others. The most important part to watch for is short-term debt and accounts payables
20.1%
9.6% —

Accrued liabilities

6.5% —

Current portion of deferred revenue

2.5% —

Accounts payable

1.4% —

Senior convertible notes
Selected Year:
Accounts payable
$45,679
$45,679
$45,679
$45,679
$45,679
 $7,322 $10,145 $34,612 $54,043
Accrued liabilities
$45,679
$45,679
$45,679
$45,679
$45,679
 54,977 100,687 138,729 210,654
Current portion of deferred revenue
$45,679
$45,679
$45,679
$45,679
$45,679
 62,917 88,527 107,372 142,223
Senior convertible notes
-
-
-
-
-
 - - - 31,148
Current maturities of long-term debt
$45,679
$45,679
$45,679
$45,679
$45,679
 - - - -
Current portion of Capital leases
$45,679
$45,679
$45,679
$45,679
$45,679
 - - - -
Total current liabilities
$45,679
$45,679
$45,679
$45,679
$45,679
 $125,216 $199,359 $280,713 $438,068
Selected Year:
31-Dec
2020
Non-Current Liabilities
The most critical items are revolving credit facility, term loans, and then notes - any forms of debt; in addition, pay attention to items like pension liabilites and leases- hidden debt
65.7%
63.0% —

Senior convertible notes

1.8% —

Operating leases

0.9% —

Other non-current liabilities
Selected Year:
Sales tax liability
$45,679
$45,679
$45,679
$45,679
-
 - - - -
Senior convertible notes
-
-
-
-
-
 - 366,552 386,889 1,375,320
Long-term debt
$45,679
$45,679
$45,679
$45,679
$45,679
 - - - -
Capital leases
$45,679
$45,679
$45,679
$45,679
-
 - - - -
Operating leases
-
-
-
-
-
 - - 28,516 38,722
Other non-current liabilities
$45,679
$45,679
$45,679
$45,679
$45,679
 6,252 10,806 8,929 20,241
Total long-term liabilities
$45,679
$45,679
$45,679
$45,679
$45,679
 $6,252 $377,358 $424,334 $1,434,283
Total Liabilities
$45,679
$45,679
$45,679
$45,679
$45,679
 $131,468 $576,717 $705,047 $1,872,351
Selected Year:
31-Dec
2020
Equity
It's residue that is owned by shareholders after satisfying all of the liabilities with all of the assets; the larger the amount, the better the business is
14.1%
30.9% —

Additional paid-in capital

0.3% —

Accumulated other comprehensive income

0.2% —

Temporary equity

0.0% —

Common stock Class A

0.0% —

Common stock Class B
Selected Year:
Temporary equity
-
-
-
-
-
 - - - $3,787
Common stock
-
-
-
-
-
 - - 9 -
Common stock Class A
$45,679
$45,679
$45,679
$45,679
$45,679
 7 7 8 8
Common stock Class B
$45,679
$45,679
$45,679
$45,679
$45,679
 1 1 1 1
Accumulated deficit
$45,679
$45,679
$45,679
$45,679
$45,679
 (209,500) (235,703) (289,310) (372,306)
Additional paid-in capital
$45,679
$45,679
$45,679
$45,679
$45,679
 434,840 551,078 1,033,053 673,950
Accumulated other comprehensive income
-
-
-
$45,679
$45,679
 2,998 2,226 1,948 6,806
Accumulated other comprehensive (loss) income
-
-
$45,679
-
-
 - - - -
Accumulated other comprehensive loss
$45,679
$45,679
-
-
-
 - - - -
Total Equity
$45,679
$45,679
$45,679
$45,679
$45,679
 $228,346 $317,609 $745,700 $308,459
Total Liabilities and Equity
$45,679
$45,679
$45,679
$45,679
$45,679
 $359,814 $894,326 $1,450,747 $2,184,597