Chevron Balance Sheet Health
Financial Health criteria checks 5/6
Chevron has a total shareholder equity of $159.3B and total debt of $21.5B, which brings its debt-to-equity ratio to 13.5%. Its total assets and total liabilities are $251.8B and $92.5B respectively. Chevron's EBIT is $36.5B making its interest coverage ratio 75. It has cash and short-term investments of $9.6B.
Key information
13.5%
Debt to equity ratio
US$21.51b
Debt
Interest coverage ratio | 75x |
Cash | US$9.61b |
Equity | US$159.30b |
Total liabilities | US$92.48b |
Total assets | US$251.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CHTEX's short term assets ($42.8B) exceed its short term liabilities ($29.8B).
Long Term Liabilities: CHTEX's short term assets ($42.8B) do not cover its long term liabilities ($62.6B).
Debt to Equity History and Analysis
Debt Level: CHTEX's net debt to equity ratio (7.5%) is considered satisfactory.
Reducing Debt: CHTEX's debt to equity ratio has reduced from 25% to 13.5% over the past 5 years.
Debt Coverage: CHTEX's debt is well covered by operating cash flow (191.8%).
Interest Coverage: CHTEX's interest payments on its debt are well covered by EBIT (75x coverage).