BP Balance Sheet Health
Financial Health criteria checks 5/6
BP has a total shareholder equity of $84.9B and total debt of $53.0B, which brings its debt-to-equity ratio to 62.4%. Its total assets and total liabilities are $275.4B and $190.5B respectively. BP's EBIT is $19.8B making its interest coverage ratio 10.9. It has cash and short-term investments of $32.1B.
Key information
62.4%
Debt to equity ratio
US$53.01b
Debt
Interest coverage ratio | 10.9x |
Cash | US$32.13b |
Equity | US$84.94b |
Total liabilities | US$190.50b |
Total assets | US$275.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BP's short term assets ($101.4B) exceed its short term liabilities ($82.3B).
Long Term Liabilities: BP's short term assets ($101.4B) do not cover its long term liabilities ($108.2B).
Debt to Equity History and Analysis
Debt Level: BP's net debt to equity ratio (24.6%) is considered satisfactory.
Reducing Debt: BP's debt to equity ratio has reduced from 63.9% to 62.4% over the past 5 years.
Debt Coverage: BP's debt is well covered by operating cash flow (55.5%).
Interest Coverage: BP's interest payments on its debt are well covered by EBIT (10.9x coverage).