Occidental Petroleum Balance Sheet Health
Financial Health criteria checks 4/6
Occidental Petroleum has a total shareholder equity of $34.9B and total debt of $25.9B, which brings its debt-to-equity ratio to 74%. Its total assets and total liabilities are $85.8B and $50.9B respectively. Occidental Petroleum's EBIT is $5.8B making its interest coverage ratio 6.2. It has cash and short-term investments of $1.8B.
Key information
74.0%
Debt to equity ratio
US$25.85b
Debt
| Interest coverage ratio | 6.2x |
| Cash | US$1.76b |
| Equity | US$34.93b |
| Total liabilities | US$50.87b |
| Total assets | US$85.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0KAK's short term assets ($9.6B) exceed its short term liabilities ($9.5B).
Long Term Liabilities: 0KAK's short term assets ($9.6B) do not cover its long term liabilities ($41.3B).
Debt to Equity History and Analysis
Debt Level: 0KAK's net debt to equity ratio (69%) is considered high.
Reducing Debt: 0KAK's debt to equity ratio has reduced from 120.6% to 74% over the past 5 years.
Debt Coverage: 0KAK's debt is well covered by operating cash flow (43.8%).
Interest Coverage: 0KAK's interest payments on its debt are well covered by EBIT (6.2x coverage).