BP Balance Sheet Health
Financial Health criteria checks 4/6
BP has a total shareholder equity of $82.2B and total debt of $55.0B, which brings its debt-to-equity ratio to 66.9%. Its total assets and total liabilities are $273.4B and $191.2B respectively. BP's EBIT is $17.9B making its interest coverage ratio 9. It has cash and short-term investments of $35.6B.
Key information
66.9%
Debt to equity ratio
US$54.99b
Debt
| Interest coverage ratio | 9x |
| Cash | US$35.60b |
| Equity | US$82.20b |
| Total liabilities | US$191.19b |
| Total assets | US$273.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BPD's short term assets ($100.6B) exceed its short term liabilities ($81.4B).
Long Term Liabilities: BPD's short term assets ($100.6B) do not cover its long term liabilities ($109.8B).
Debt to Equity History and Analysis
Debt Level: BPD's net debt to equity ratio (23.6%) is considered satisfactory.
Reducing Debt: BPD's debt to equity ratio has increased from 65.2% to 66.9% over the past 5 years.
Debt Coverage: BPD's debt is well covered by operating cash flow (56.8%).
Interest Coverage: BPD's interest payments on its debt are well covered by EBIT (9x coverage).