Marathon Petroleum Balance Sheet Health
Financial Health criteria checks 3/6
Marathon Petroleum has a total shareholder equity of $25.7B and total debt of $27.7B, which brings its debt-to-equity ratio to 107.8%. Its total assets and total liabilities are $79.8B and $54.1B respectively. Marathon Petroleum's EBIT is $7.0B making its interest coverage ratio 8.2. It has cash and short-term investments of $5.1B.
Key information
107.8%
Debt to equity ratio
US$27.72b
Debt
| Interest coverage ratio | 8.2x |
| Cash | US$5.14b |
| Equity | US$25.71b |
| Total liabilities | US$54.12b |
| Total assets | US$79.83b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: M1PC34's short term assets ($25.9B) exceed its short term liabilities ($21.1B).
Long Term Liabilities: M1PC34's short term assets ($25.9B) do not cover its long term liabilities ($33.1B).
Debt to Equity History and Analysis
Debt Level: M1PC34's net debt to equity ratio (87.8%) is considered high.
Reducing Debt: M1PC34's debt to equity ratio has increased from 64.5% to 107.8% over the past 5 years.
Debt Coverage: M1PC34's debt is well covered by operating cash flow (27.3%).
Interest Coverage: M1PC34's interest payments on its debt are well covered by EBIT (8.2x coverage).