BP Balance Sheet Health
Financial Health criteria checks 5/6
BP has a total shareholder equity of $85.5B and total debt of $52.0B, which brings its debt-to-equity ratio to 60.8%. Its total assets and total liabilities are $280.3B and $194.8B respectively. BP's EBIT is $26.5B making its interest coverage ratio 15.4. It has cash and short-term investments of $45.7B.
Key information
60.8%
Debt to equity ratio
US$51.95b
Debt
| Interest coverage ratio | 15.4x |
| Cash | US$45.70b |
| Equity | US$85.49b |
| Total liabilities | US$194.80b |
| Total assets | US$280.29b |
Recent financial health updates
Here's Why BP (LON:BP.) Can Manage Its Debt Responsibly
Oct 25
Is BP (LON:BP.) A Risky Investment?
Jul 15Recent updates
Investors Will Want BP's (LON:BP.) Growth In ROCE To Persist
Apr 10Earnings Miss: Here's What BP p.l.c. (LON:BP.) Analysts Are Forecasting For This Year
Feb 09Investors Continue Waiting On Sidelines For BP p.l.c. (LON:BP.)
Feb 04A Look At The Intrinsic Value Of BP p.l.c. (LON:BP.)
Jan 04Investors Shouldn't Overlook BP's (LON:BP.) Impressive Returns On Capital
Dec 05Here's Why BP (LON:BP.) Can Manage Its Debt Responsibly
Oct 25Estimating The Fair Value Of BP p.l.c. (LON:BP.)
Sep 25Investors Should Be Encouraged By BP's (LON:BP.) Returns On Capital
Jul 30Is BP (LON:BP.) A Risky Investment?
Jul 15Estimating The Fair Value Of BP p.l.c. (LON:BP.)
Jun 12Financial Position Analysis
Short Term Liabilities: BP.'s short term assets ($104.1B) exceed its short term liabilities ($86.1B).
Long Term Liabilities: BP.'s short term assets ($104.1B) do not cover its long term liabilities ($108.7B).
Debt to Equity History and Analysis
Debt Level: BP.'s net debt to equity ratio (7.3%) is considered satisfactory.
Reducing Debt: BP.'s debt to equity ratio has reduced from 64.1% to 60.8% over the past 5 years.
Debt Coverage: BP.'s debt is well covered by operating cash flow (61.7%).
Interest Coverage: BP.'s interest payments on its debt are well covered by EBIT (15.4x coverage).