Hess Balance Sheet Health
Financial Health criteria checks 3/6
Hess has a total shareholder equity of $10.5B and total debt of $8.7B, which brings its debt-to-equity ratio to 82.9%. Its total assets and total liabilities are $24.7B and $14.2B respectively. Hess's EBIT is $3.7B making its interest coverage ratio 9.7. It has cash and short-term investments of $1.4B.
Key information
82.9%
Debt to equity ratio
US$8.73b
Debt
Interest coverage ratio | 9.7x |
Cash | US$1.44b |
Equity | US$10.53b |
Total liabilities | US$14.19b |
Total assets | US$24.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0J50's short term assets ($3.6B) exceed its short term liabilities ($3.0B).
Long Term Liabilities: 0J50's short term assets ($3.6B) do not cover its long term liabilities ($11.2B).
Debt to Equity History and Analysis
Debt Level: 0J50's net debt to equity ratio (69.2%) is considered high.
Reducing Debt: 0J50's debt to equity ratio has increased from 62.2% to 82.9% over the past 5 years.
Debt Coverage: 0J50's debt is well covered by operating cash flow (48%).
Interest Coverage: 0J50's interest payments on its debt are well covered by EBIT (9.7x coverage).