BP Balance Sheet Health
Financial Health criteria checks 5/6
BP has a total shareholder equity of $84.9B and total debt of $53.0B, which brings its debt-to-equity ratio to 62.4%. Its total assets and total liabilities are $275.4B and $190.5B respectively. BP's EBIT is $19.8B making its interest coverage ratio 10.9. It has cash and short-term investments of $32.1B.
Key information
62.4%
Debt to equity ratio
US$53.01b
Debt
| Interest coverage ratio | 10.9x |
| Cash | US$32.13b |
| Equity | US$84.94b |
| Total liabilities | US$190.50b |
| Total assets | US$275.44b |
Recent financial health updates
Recent updates
It's A Story Of Risk Vs Reward With BP p.l.c. (LON:BP.)
Jul 01
We Think BP (LON:BP.) Is Taking Some Risk With Its Debt
May 29Some Investors May Be Willing To Look Past BP's (LON:BP.) Soft Earnings
May 14BP p.l.c. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
May 09Is BP p.l.c. (LON:BP.) Trading At A 44% Discount?
Apr 27Investors 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 05Financial Position Analysis
Short Term Liabilities: BP.'s short term assets ($101.4B) exceed its short term liabilities ($82.3B).
Long Term Liabilities: BP.'s short term assets ($101.4B) do not cover its long term liabilities ($108.2B).
Debt to Equity History and Analysis
Debt Level: BP.'s net debt to equity ratio (24.6%) is considered satisfactory.
Reducing Debt: BP.'s debt to equity ratio has reduced from 63.9% to 62.4% over the past 5 years.
Debt Coverage: BP.'s debt is well covered by operating cash flow (55.5%).
Interest Coverage: BP.'s interest payments on its debt are well covered by EBIT (10.9x coverage).