Occidental Petroleum Balance Sheet Health
Financial Health criteria checks 2/6
Occidental Petroleum has a total shareholder equity of $30.3B and total debt of $19.0B, which brings its debt-to-equity ratio to 62.6%. Its total assets and total liabilities are $74.0B and $43.7B respectively. Occidental Petroleum's EBIT is $6.0B making its interest coverage ratio 7.4. It has cash and short-term investments of $1.4B.
Key information
62.6%
Debt to equity ratio
US$19.00b
Debt
Interest coverage ratio | 7.4x |
Cash | US$1.43b |
Equity | US$30.35b |
Total liabilities | US$43.66b |
Total assets | US$74.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OPC's short term assets ($8.4B) do not cover its short term liabilities ($9.1B).
Long Term Liabilities: OPC's short term assets ($8.4B) do not cover its long term liabilities ($34.5B).
Debt to Equity History and Analysis
Debt Level: OPC's net debt to equity ratio (57.9%) is considered high.
Reducing Debt: OPC's debt to equity ratio has increased from 48.4% to 62.6% over the past 5 years.
Debt Coverage: OPC's debt is well covered by operating cash flow (64.8%).
Interest Coverage: OPC's interest payments on its debt are well covered by EBIT (7.4x coverage).