Chevron Balance Sheet Health
Financial Health criteria checks 5/6
Chevron has a total shareholder equity of $160.3B and total debt of $23.2B, which brings its debt-to-equity ratio to 14.5%. Its total assets and total liabilities are $260.6B and $100.4B respectively. Chevron's EBIT is $24.7B making its interest coverage ratio 53.2. It has cash and short-term investments of $4.0B.
Key information
14.5%
Debt to equity ratio
US$23.18b
Debt
| Interest coverage ratio | 53.2x |
| Cash | US$4.01b |
| Equity | US$160.26b |
| Total liabilities | US$100.38b |
| Total assets | US$260.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CVX's short term assets ($39.4B) exceed its short term liabilities ($34.0B).
Long Term Liabilities: CVX's short term assets ($39.4B) do not cover its long term liabilities ($66.4B).
Debt to Equity History and Analysis
Debt Level: CVX's net debt to equity ratio (12%) is considered satisfactory.
Reducing Debt: CVX's debt to equity ratio has reduced from 19.3% to 14.5% over the past 5 years.
Debt Coverage: CVX's debt is well covered by operating cash flow (152%).
Interest Coverage: CVX's interest payments on its debt are well covered by EBIT (53.2x coverage).