Hess Balance Sheet Health
Financial Health criteria checks 3/6
Hess has a total shareholder equity of $11.2B and total debt of $8.9B, which brings its debt-to-equity ratio to 79.1%. Its total assets and total liabilities are $25.8B and $14.6B respectively. Hess's EBIT is $4.4B making its interest coverage ratio 11.7. It has cash and short-term investments of $2.0B.
Key information
79.1%
Debt to equity ratio
US$8.87b
Debt
| Interest coverage ratio | 11.7x |
| Cash | US$2.03b |
| Equity | US$11.20b |
| Total liabilities | US$14.61b |
| Total assets | US$25.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HES's short term assets ($3.8B) exceed its short term liabilities ($3.0B).
Long Term Liabilities: HES's short term assets ($3.8B) do not cover its long term liabilities ($11.6B).
Debt to Equity History and Analysis
Debt Level: HES's net debt to equity ratio (61.1%) is considered high.
Reducing Debt: HES's debt to equity ratio has increased from 62% to 79.1% over the past 5 years.
Debt Coverage: HES's debt is well covered by operating cash flow (57.6%).
Interest Coverage: HES's interest payments on its debt are well covered by EBIT (11.7x coverage).