APA Balance Sheet Health
Financial Health criteria checks 3/6
APA has a total shareholder equity of $6.2B and total debt of $6.3B, which brings its debt-to-equity ratio to 102.9%. Its total assets and total liabilities are $19.4B and $13.2B respectively. APA's EBIT is $2.1B making its interest coverage ratio 5.8. It has cash and short-term investments of $64.0M.
Key information
102.9%
Debt to equity ratio
US$6.34b
Debt
| Interest coverage ratio | 5.8x |
| Cash | US$64.00m |
| Equity | US$6.16b |
| Total liabilities | US$13.22b |
| Total assets | US$19.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: A1PA34's short term assets ($3.6B) exceed its short term liabilities ($2.9B).
Long Term Liabilities: A1PA34's short term assets ($3.6B) do not cover its long term liabilities ($10.3B).
Debt to Equity History and Analysis
Debt Level: A1PA34's net debt to equity ratio (101.9%) is considered high.
Reducing Debt: A1PA34's debt to equity ratio has increased from 98.2% to 102.9% over the past 5 years.
Debt Coverage: A1PA34's debt is well covered by operating cash flow (57%).
Interest Coverage: A1PA34's interest payments on its debt are well covered by EBIT (5.8x coverage).