Diamondback Energy Balance Sheet Health
Financial Health criteria checks 3/6
Diamondback Energy has a total shareholder equity of $38.8B and total debt of $13.0B, which brings its debt-to-equity ratio to 33.6%. Its total assets and total liabilities are $65.7B and $26.9B respectively. Diamondback Energy's EBIT is $4.7B making its interest coverage ratio 40.1. It has cash and short-term investments of $370.0M.
Key information
33.6%
Debt to equity ratio
US$13.03b
Debt
| Interest coverage ratio | 40.1x |
| Cash | US$370.00m |
| Equity | US$38.82b |
| Total liabilities | US$26.93b |
| Total assets | US$65.75b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FANG's short term assets ($2.0B) do not cover its short term liabilities ($4.5B).
Long Term Liabilities: FANG's short term assets ($2.0B) do not cover its long term liabilities ($22.5B).
Debt to Equity History and Analysis
Debt Level: FANG's net debt to equity ratio (32.6%) is considered satisfactory.
Reducing Debt: FANG's debt to equity ratio has increased from 30.7% to 33.6% over the past 5 years.
Debt Coverage: FANG's debt is well covered by operating cash flow (43.7%).
Interest Coverage: FANG's interest payments on its debt are well covered by EBIT (40.1x coverage).