Occidental Petroleum Balance Sheet Health
Financial Health criteria checks 3/6
Occidental Petroleum has a total shareholder equity of $32.3B and total debt of $19.0B, which brings its debt-to-equity ratio to 58.9%. Its total assets and total liabilities are $76.2B and $44.0B respectively. Occidental Petroleum's EBIT is $5.4B making its interest coverage ratio 6.2. It has cash and short-term investments of $1.8B.
Key information
58.9%
Debt to equity ratio
US$18.99b
Debt
| Interest coverage ratio | 6.2x |
| Cash | US$1.85b |
| Equity | US$32.26b |
| Total liabilities | US$43.96b |
| Total assets | US$76.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0KAK's short term assets ($10.1B) exceed its short term liabilities ($9.7B).
Long Term Liabilities: 0KAK's short term assets ($10.1B) do not cover its long term liabilities ($34.3B).
Debt to Equity History and Analysis
Debt Level: 0KAK's net debt to equity ratio (53.2%) is considered high.
Reducing Debt: 0KAK's debt to equity ratio has increased from 48.2% to 58.9% over the past 5 years.
Debt Coverage: 0KAK's debt is well covered by operating cash flow (56.7%).
Interest Coverage: 0KAK's interest payments on its debt are well covered by EBIT (6.2x coverage).