Diamondback Energy Balance Sheet Health
Financial Health criteria checks 3/6
Diamondback Energy has a total shareholder equity of $18.0B and total debt of $6.8B, which brings its debt-to-equity ratio to 37.6%. Its total assets and total liabilities are $29.7B and $11.7B respectively. Diamondback Energy's EBIT is $4.5B making its interest coverage ratio 23. It has cash and short-term investments of $896.0M.
Key information
37.6%
Debt to equity ratio
US$6.77b
Debt
| Interest coverage ratio | 23x |
| Cash | US$896.00m |
| Equity | US$18.02b |
| Total liabilities | US$11.67b |
| Total assets | US$29.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: F1AN34's short term assets ($1.9B) do not cover its short term liabilities ($2.1B).
Long Term Liabilities: F1AN34's short term assets ($1.9B) do not cover its long term liabilities ($9.6B).
Debt to Equity History and Analysis
Debt Level: F1AN34's net debt to equity ratio (32.6%) is considered satisfactory.
Reducing Debt: F1AN34's debt to equity ratio has increased from 32.2% to 37.6% over the past 5 years.
Debt Coverage: F1AN34's debt is well covered by operating cash flow (86.1%).
Interest Coverage: F1AN34's interest payments on its debt are well covered by EBIT (23x coverage).