ONEOK Balance Sheet Health
Financial Health criteria checks 2/6
ONEOK has a total shareholder equity of $16.9B and total debt of $28.1B, which brings its debt-to-equity ratio to 166.6%. Its total assets and total liabilities are $51.1B and $34.2B respectively. ONEOK's EBIT is $4.6B making its interest coverage ratio 3.7. It has cash and short-term investments of $579.0M.
Key information
166.6%
Debt to equity ratio
US$28.14b
Debt
| Interest coverage ratio | 3.7x |
| Cash | US$579.00m |
| Equity | US$16.89b |
| Total liabilities | US$34.16b |
| Total assets | US$51.05b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OKE's short term assets ($2.9B) do not cover its short term liabilities ($3.6B).
Long Term Liabilities: OKE's short term assets ($2.9B) do not cover its long term liabilities ($30.6B).
Debt to Equity History and Analysis
Debt Level: OKE's net debt to equity ratio (163.2%) is considered high.
Reducing Debt: OKE's debt to equity ratio has reduced from 205.2% to 166.6% over the past 5 years.
Debt Coverage: OKE's debt is not well covered by operating cash flow (17%).
Interest Coverage: OKE's interest payments on its debt are well covered by EBIT (3.7x coverage).