BP Balance Sheet Health
Financial Health criteria checks 4/6
BP has a total shareholder equity of $79.9B and total debt of $57.5B, which brings its debt-to-equity ratio to 71.9%. Its total assets and total liabilities are $269.7B and $189.8B respectively. BP's EBIT is $13.2B making its interest coverage ratio 5.8. It has cash and short-term investments of $34.8B.
Key information
71.9%
Debt to equity ratio
US$57.47b
Debt
| Interest coverage ratio | 5.8x |
| Cash | US$34.76b |
| Equity | US$79.95b |
| Total liabilities | US$189.76b |
| Total assets | US$269.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BPE5's short term assets ($93.7B) exceed its short term liabilities ($77.0B).
Long Term Liabilities: BPE5's short term assets ($93.7B) do not cover its long term liabilities ($112.7B).
Debt to Equity History and Analysis
Debt Level: BPE5's net debt to equity ratio (28.4%) is considered satisfactory.
Reducing Debt: BPE5's debt to equity ratio has increased from 65.9% to 71.9% over the past 5 years.
Debt Coverage: BPE5's debt is well covered by operating cash flow (50.9%).
Interest Coverage: BPE5's interest payments on its debt are well covered by EBIT (5.8x coverage).