Hess Balance Sheet Health
Financial Health criteria checks 3/6
Hess has a total shareholder equity of $11.6B and total debt of $8.6B, which brings its debt-to-equity ratio to 74.1%. Its total assets and total liabilities are $26.2B and $14.6B respectively. Hess's EBIT is $4.6B making its interest coverage ratio 12.5. It has cash and short-term investments of $1.9B.
Key information
74.1%
Debt to equity ratio
US$8.60b
Debt
| Interest coverage ratio | 12.5x |
| Cash | US$1.86b |
| Equity | US$11.60b |
| Total liabilities | US$14.63b |
| Total assets | US$26.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0J50's short term assets ($3.7B) exceed its short term liabilities ($2.9B).
Long Term Liabilities: 0J50's short term assets ($3.7B) do not cover its long term liabilities ($11.7B).
Debt to Equity History and Analysis
Debt Level: 0J50's net debt to equity ratio (58%) is considered high.
Reducing Debt: 0J50's debt to equity ratio has increased from 64.3% to 74.1% over the past 5 years.
Debt Coverage: 0J50's debt is well covered by operating cash flow (65.5%).
Interest Coverage: 0J50's interest payments on its debt are well covered by EBIT (12.5x coverage).