SM Energy Balance Sheet Health
Financial Health criteria checks 5/6
SM Energy has a total shareholder equity of $4.1B and total debt of $2.7B, which brings its debt-to-equity ratio to 66.6%. Its total assets and total liabilities are $8.0B and $4.0B respectively. SM Energy's EBIT is $1.1B making its interest coverage ratio 13.5. It has cash and short-term investments of $1.7B.
Key information
66.6%
Debt to equity ratio
US$2.71b
Debt
| Interest coverage ratio | 13.5x |
| Cash | US$1.74b |
| Equity | US$4.06b |
| Total liabilities | US$3.97b |
| Total assets | US$8.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0KZA's short term assets ($2.0B) exceed its short term liabilities ($581.1M).
Long Term Liabilities: 0KZA's short term assets ($2.0B) do not cover its long term liabilities ($3.4B).
Debt to Equity History and Analysis
Debt Level: 0KZA's net debt to equity ratio (23.9%) is considered satisfactory.
Reducing Debt: 0KZA's debt to equity ratio has reduced from 96.2% to 66.6% over the past 5 years.
Debt Coverage: 0KZA's debt is well covered by operating cash flow (62.1%).
Interest Coverage: 0KZA's interest payments on its debt are well covered by EBIT (13.5x coverage).