California Resources Balance Sheet Health
Financial Health criteria checks 5/6
California Resources has a total shareholder equity of $2.2B and total debt of $610.0M, which brings its debt-to-equity ratio to 27.5%. Its total assets and total liabilities are $4.0B and $1.8B respectively. California Resources's EBIT is $259.0M making its interest coverage ratio 4.7. It has cash and short-term investments of $496.0M.
Key information
27.5%
Debt to equity ratio
US$610.00m
Debt
Interest coverage ratio | 4.7x |
Cash | US$496.00m |
Equity | US$2.22b |
Total liabilities | US$1.78b |
Total assets | US$4.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1CLD's short term assets ($929.0M) exceed its short term liabilities ($616.0M).
Long Term Liabilities: 1CLD's short term assets ($929.0M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: 1CLD's net debt to equity ratio (5.1%) is considered satisfactory.
Reducing Debt: 1CLD's debt to equity ratio has reduced from 1104.6% to 27.5% over the past 5 years.
Debt Coverage: 1CLD's debt is well covered by operating cash flow (107%).
Interest Coverage: 1CLD's interest payments on its debt are well covered by EBIT (4.7x coverage).