Ecopetrol Balance Sheet Health
Financial Health criteria checks 2/6
Ecopetrol has a total shareholder equity of COP103,098.8B and total debt of COP105,815.5B, which brings its debt-to-equity ratio to 102.6%. Its total assets and total liabilities are COP282,280.6B and COP179,181.8B respectively. Ecopetrol's EBIT is COP37,552.6B making its interest coverage ratio 6.8. It has cash and short-term investments of COP14,197.0B.
Key information
102.6%
Debt to equity ratio
Col$105.82t
Debt
Interest coverage ratio | 6.8x |
Cash | Col$14.20t |
Equity | Col$103.10t |
Total liabilities | Col$179.18t |
Total assets | Col$282.28t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ECOPETROL's short term assets (COP68,615.1B) exceed its short term liabilities (COP43,563.4B).
Long Term Liabilities: ECOPETROL's short term assets (COP68,615.1B) do not cover its long term liabilities (COP135,618.4B).
Debt to Equity History and Analysis
Debt Level: ECOPETROL's net debt to equity ratio (88.9%) is considered high.
Reducing Debt: ECOPETROL's debt to equity ratio has increased from 69.3% to 102.6% over the past 5 years.
Debt Coverage: ECOPETROL's debt is not well covered by operating cash flow (18.7%).
Interest Coverage: ECOPETROL's interest payments on its debt are well covered by EBIT (6.8x coverage).