APA Balance Sheet Health
Financial Health criteria checks 3/6
APA has a total shareholder equity of $6.5B and total debt of $6.7B, which brings its debt-to-equity ratio to 103.3%. Its total assets and total liabilities are $20.2B and $13.7B respectively. APA's EBIT is $3.4B making its interest coverage ratio 10.2. It has cash and short-term investments of $160.0M.
Key information
103.3%
Debt to equity ratio
US$6.71b
Debt
| Interest coverage ratio | 10.2x |
| Cash | US$160.00m |
| Equity | US$6.50b |
| Total liabilities | US$13.70b |
| Total assets | US$20.20b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2S3's short term assets ($2.9B) exceed its short term liabilities ($2.9B).
Long Term Liabilities: 2S3's short term assets ($2.9B) do not cover its long term liabilities ($10.8B).
Debt to Equity History and Analysis
Debt Level: 2S3's net debt to equity ratio (100.9%) is considered high.
Reducing Debt: 2S3's debt to equity ratio has increased from 94.3% to 103.3% over the past 5 years.
Debt Coverage: 2S3's debt is well covered by operating cash flow (45.3%).
Interest Coverage: 2S3's interest payments on its debt are well covered by EBIT (10.2x coverage).