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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 01:10 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
ONEOK, Inc. is covered by 43 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| William Selesky | Argus Research Company |
| Ethan Bellamy | Baird |
| Ishan Majumdar | Baptista Research |