TotalEnergies Balance Sheet Health
Financial Health criteria checks 6/6
TotalEnergies has a total shareholder equity of $120.0B and total debt of $46.2B, which brings its debt-to-equity ratio to 38.5%. Its total assets and total liabilities are $279.5B and $159.5B respectively. TotalEnergies's EBIT is $28.5B making its interest coverage ratio 46.5. It has cash and short-term investments of $30.0B.
Key information
38.5%
Debt to equity ratio
US$46.25b
Debt
| Interest coverage ratio | 46.5x |
| Cash | US$30.03b |
| Equity | US$120.03b |
| Total liabilities | US$159.46b |
| Total assets | US$279.49b |
Financial Position Analysis
Short Term Liabilities: TTE's short term assets ($91.8B) exceed its short term liabilities ($82.4B).
Long Term Liabilities: TTE's short term assets ($91.8B) exceed its long term liabilities ($77.1B).
Debt to Equity History and Analysis
Debt Level: TTE's net debt to equity ratio (13.5%) is considered satisfactory.
Reducing Debt: TTE's debt to equity ratio has reduced from 52% to 38.5% over the past 5 years.
Debt Coverage: TTE's debt is well covered by operating cash flow (79.6%).
Interest Coverage: TTE's interest payments on its debt are well covered by EBIT (46.5x coverage).