Marathon Petroleum Balance Sheet Health
Financial Health criteria checks 3/6
Marathon Petroleum has a total shareholder equity of $31.4B and total debt of $26.8B, which brings its debt-to-equity ratio to 85.4%. Its total assets and total liabilities are $86.0B and $54.6B respectively. Marathon Petroleum's EBIT is $13.6B making its interest coverage ratio 18.6. It has cash and short-term investments of $10.2B.
Key information
85.4%
Debt to equity ratio
US$26.81b
Debt
Interest coverage ratio | 18.6x |
Cash | US$10.22b |
Equity | US$31.40b |
Total liabilities | US$54.59b |
Total assets | US$85.99b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MPC's short term assets ($32.1B) exceed its short term liabilities ($20.2B).
Long Term Liabilities: MPC's short term assets ($32.1B) do not cover its long term liabilities ($34.4B).
Debt to Equity History and Analysis
Debt Level: MPC's net debt to equity ratio (52.8%) is considered high.
Reducing Debt: MPC's debt to equity ratio has increased from 59.7% to 85.4% over the past 5 years.
Debt Coverage: MPC's debt is well covered by operating cash flow (52.6%).
Interest Coverage: MPC's interest payments on its debt are well covered by EBIT (18.6x coverage).