ONEOK Balance Sheet Health
Financial Health criteria checks 2/6
ONEOK has a total shareholder equity of $16.4B and total debt of $22.0B, which brings its debt-to-equity ratio to 133.8%. Its total assets and total liabilities are $44.4B and $27.9B respectively. ONEOK's EBIT is $3.8B making its interest coverage ratio 3.8. It has cash and short-term investments of $65.0M.
Key information
133.8%
Debt to equity ratio
US$22.00b
Debt
Interest coverage ratio | 3.8x |
Cash | US$65.00m |
Equity | US$16.45b |
Total liabilities | US$27.95b |
Total assets | US$44.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: O1KE34's short term assets ($3.0B) do not cover its short term liabilities ($4.2B).
Long Term Liabilities: O1KE34's short term assets ($3.0B) do not cover its long term liabilities ($23.8B).
Debt to Equity History and Analysis
Debt Level: O1KE34's net debt to equity ratio (133.4%) is considered high.
Reducing Debt: O1KE34's debt to equity ratio has reduced from 162.4% to 133.8% over the past 5 years.
Debt Coverage: O1KE34's debt is not well covered by operating cash flow (17.3%).
Interest Coverage: O1KE34's interest payments on its debt are well covered by EBIT (3.8x coverage).