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Hess Balance Sheet Health
Financial Health criteria checks 3/6
Hess has a total shareholder equity of $9.6B and total debt of $8.6B, which brings its debt-to-equity ratio to 89.7%. Its total assets and total liabilities are $24.0B and $14.4B respectively. Hess's EBIT is $3.0B making its interest coverage ratio 6.3. It has cash and short-term investments of $1.7B.
Key information
89.7%
Debt to equity ratio
US$8.61b
Debt
| Interest coverage ratio | 6.3x |
| Cash | US$1.69b |
| Equity | US$9.60b |
| Total liabilities | US$14.41b |
| Total assets | US$24.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AHC's short term assets ($3.4B) exceed its short term liabilities ($3.3B).
Long Term Liabilities: AHC's short term assets ($3.4B) do not cover its long term liabilities ($11.1B).
Debt to Equity History and Analysis
Debt Level: AHC's net debt to equity ratio (72.1%) is considered high.
Reducing Debt: AHC's debt to equity ratio has increased from 58.8% to 89.7% over the past 5 years.
Debt Coverage: AHC's debt is well covered by operating cash flow (45.8%).
Interest Coverage: AHC's interest payments on its debt are well covered by EBIT (6.3x coverage).