ONEOK Balance Sheet Health
Financial Health criteria checks 3/6
ONEOK has a total shareholder equity of $16.5B and total debt of $21.7B, which brings its debt-to-equity ratio to 131.4%. Its total assets and total liabilities are $44.3B and $27.8B respectively. ONEOK's EBIT is $3.5B making its interest coverage ratio 4. It has cash and short-term investments of $338.0M.
Key information
131.4%
Debt to equity ratio
US$21.67b
Debt
Interest coverage ratio | 4x |
Cash | US$338.00m |
Equity | US$16.48b |
Total liabilities | US$27.78b |
Total assets | US$44.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ONK's short term assets ($3.1B) do not cover its short term liabilities ($3.5B).
Long Term Liabilities: ONK's short term assets ($3.1B) do not cover its long term liabilities ($24.3B).
Debt to Equity History and Analysis
Debt Level: ONK's net debt to equity ratio (129.4%) is considered high.
Reducing Debt: ONK's debt to equity ratio has reduced from 144.1% to 131.4% over the past 5 years.
Debt Coverage: ONK's debt is well covered by operating cash flow (20.4%).
Interest Coverage: ONK's interest payments on its debt are well covered by EBIT (4x coverage).