California Resources Balance Sheet Health
Financial Health criteria checks 4/6
California Resources has a total shareholder equity of $3.5B and total debt of $1.1B, which brings its debt-to-equity ratio to 32.3%. Its total assets and total liabilities are $7.1B and $3.6B respectively. California Resources's EBIT is $367.0M making its interest coverage ratio 5.1. It has cash and short-term investments of $241.0M.
Key information
32.3%
Debt to equity ratio
US$1.13b
Debt
| Interest coverage ratio | 5.1x |
| Cash | US$241.00m |
| Equity | US$3.50b |
| Total liabilities | US$3.63b |
| Total assets | US$7.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1CLD's short term assets ($872.0M) do not cover its short term liabilities ($897.0M).
Long Term Liabilities: 1CLD's short term assets ($872.0M) do not cover its long term liabilities ($2.7B).
Debt to Equity History and Analysis
Debt Level: 1CLD's net debt to equity ratio (25.4%) is considered satisfactory.
Reducing Debt: 1CLD's debt to equity ratio has reduced from 859.9% to 32.3% over the past 5 years.
Debt Coverage: 1CLD's debt is well covered by operating cash flow (47.3%).
Interest Coverage: 1CLD's interest payments on its debt are well covered by EBIT (5.1x coverage).