SM Energy Balance Sheet Health
Financial Health criteria checks 5/6
SM Energy has a total shareholder equity of $3.6B and total debt of $1.6B, which brings its debt-to-equity ratio to 43.6%. Its total assets and total liabilities are $6.4B and $2.8B respectively. SM Energy's EBIT is $986.9M making its interest coverage ratio 13.7. It has cash and short-term investments of $616.2M.
Key information
43.6%
Debt to equity ratio
US$1.58b
Debt
Interest coverage ratio | 13.7x |
Cash | US$616.16m |
Equity | US$3.62b |
Total liabilities | US$2.76b |
Total assets | US$6.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SJL's short term assets ($916.4M) exceed its short term liabilities ($633.8M).
Long Term Liabilities: SJL's short term assets ($916.4M) do not cover its long term liabilities ($2.1B).
Debt to Equity History and Analysis
Debt Level: SJL's net debt to equity ratio (26.5%) is considered satisfactory.
Reducing Debt: SJL's debt to equity ratio has reduced from 88.9% to 43.6% over the past 5 years.
Debt Coverage: SJL's debt is well covered by operating cash flow (99.9%).
Interest Coverage: SJL's interest payments on its debt are well covered by EBIT (13.7x coverage).