Marathon Petroleum Balance Sheet Health
Financial Health criteria checks 4/6
Marathon Petroleum has a total shareholder equity of $32.6B and total debt of $26.8B, which brings its debt-to-equity ratio to 82.2%. Its total assets and total liabilities are $86.4B and $53.9B respectively. Marathon Petroleum's EBIT is $17.1B making its interest coverage ratio 20.7. It has cash and short-term investments of $11.5B.
Key information
82.2%
Debt to equity ratio
US$26.78b
Debt
| Interest coverage ratio | 20.7x |
| Cash | US$11.45b |
| Equity | US$32.57b |
| Total liabilities | US$53.87b |
| Total assets | US$86.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MPN's short term assets ($32.2B) exceed its short term liabilities ($17.5B).
Long Term Liabilities: MPN's short term assets ($32.2B) do not cover its long term liabilities ($36.4B).
Debt to Equity History and Analysis
Debt Level: MPN's net debt to equity ratio (47.1%) is considered high.
Reducing Debt: MPN's debt to equity ratio has reduced from 87.1% to 82.2% over the past 5 years.
Debt Coverage: MPN's debt is well covered by operating cash flow (55.8%).
Interest Coverage: MPN's interest payments on its debt are well covered by EBIT (20.7x coverage).