EOG Resources Balance Sheet Health
Financial Health criteria checks 5/6
EOG Resources has a total shareholder equity of $22.3B and total debt of $5.1B, which brings its debt-to-equity ratio to 22.8%. Its total assets and total liabilities are $38.1B and $15.8B respectively. EOG Resources's EBIT is $7.4B making its interest coverage ratio 41.4. It has cash and short-term investments of $3.1B.
Key information
22.8%
Debt to equity ratio
US$5.09b
Debt
Interest coverage ratio | 41.4x |
Cash | US$3.07b |
Equity | US$22.31b |
Total liabilities | US$15.83b |
Total assets | US$38.14b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EO5's short term assets ($8.2B) exceed its short term liabilities ($5.8B).
Long Term Liabilities: EO5's short term assets ($8.2B) do not cover its long term liabilities ($10.1B).
Debt to Equity History and Analysis
Debt Level: EO5's net debt to equity ratio (9%) is considered satisfactory.
Reducing Debt: EO5's debt to equity ratio has reduced from 49.3% to 22.8% over the past 5 years.
Debt Coverage: EO5's debt is well covered by operating cash flow (161.8%).
Interest Coverage: EO5's interest payments on its debt are well covered by EBIT (41.4x coverage).