Tullow Oil Balance Sheet Health
Financial Health criteria checks 1/6
Tullow Oil has a total shareholder equity of $-156.6M and total debt of $2.0B, which brings its debt-to-equity ratio to -1264%. Its total assets and total liabilities are $4.2B and $4.4B respectively. Tullow Oil's EBIT is $427.5M making its interest coverage ratio 1.5. It has cash and short-term investments of $272.6M.
Key information
-1,264.0%
Debt to equity ratio
US$1.98b
Debt
| Interest coverage ratio | 1.5x |
| Cash | US$272.60m |
| Equity | -US$156.60m |
| Total liabilities | US$4.37b |
| Total assets | US$4.21b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TLWL has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: TLWL has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: TLWL has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: TLWL's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: TLWL's debt is well covered by operating cash flow (45.2%).
Interest Coverage: TLWL's interest payments on its debt are not well covered by EBIT (1.5x coverage).