BP Balance Sheet Health
Financial Health criteria checks 5/6
BP has a total shareholder equity of $85.5B and total debt of $52.0B, which brings its debt-to-equity ratio to 60.8%. Its total assets and total liabilities are $280.3B and $194.8B respectively. BP's EBIT is $26.5B making its interest coverage ratio 15.4. It has cash and short-term investments of $45.7B.
Key information
60.8%
Debt to equity ratio
US$51.95b
Debt
Interest coverage ratio | 15.4x |
Cash | US$45.70b |
Equity | US$85.49b |
Total liabilities | US$194.80b |
Total assets | US$280.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BPE's short term assets ($104.1B) exceed its short term liabilities ($86.1B).
Long Term Liabilities: BPE's short term assets ($104.1B) do not cover its long term liabilities ($108.7B).
Debt to Equity History and Analysis
Debt Level: BPE's net debt to equity ratio (7.3%) is considered satisfactory.
Reducing Debt: BPE's debt to equity ratio has reduced from 64.1% to 60.8% over the past 5 years.
Debt Coverage: BPE's debt is well covered by operating cash flow (61.7%).
Interest Coverage: BPE's interest payments on its debt are well covered by EBIT (15.4x coverage).