Shell Balance Sheet Health
Financial Health criteria checks 6/6
Shell has a total shareholder equity of $189.5B and total debt of $51.0B, which brings its debt-to-equity ratio to 26.9%. Its total assets and total liabilities are $394.9B and $205.4B respectively. Shell's EBIT is $30.7B making its interest coverage ratio 13.6. It has cash and short-term investments of $42.3B.
Key information
26.9%
Debt to equity ratio
US$51.02b
Debt
| Interest coverage ratio | 13.6x |
| Cash | US$42.25b |
| Equity | US$189.54b |
| Total liabilities | US$205.41b |
| Total assets | US$394.95b |
Recent financial health updates
Is Shell (LON:SHEL) Using Too Much Debt?
Oct 04
These 4 Measures Indicate That Shell (LON:SHEL) Is Using Debt Reasonably Well
Apr 01Recent updates
Returns On Capital At Shell (LON:SHEL) Have Hit The Brakes
Nov 25Shell's (LON:SHEL) Soft Earnings Don't Show The Whole Picture
Nov 07Is Shell (LON:SHEL) Using Too Much Debt?
Oct 04Shell (LSE:SHEL) Announces New Chairman in Kazakhstan and $3.5 Billion Share Buyback Program
Sep 18Shell (LON:SHEL) Is Looking To Continue Growing Its Returns On Capital
Aug 21Investors Continue Waiting On Sidelines For Shell plc (LON:SHEL)
Jul 11A Look At The Fair Value Of Shell plc (LON:SHEL)
Jun 21Shell plc Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected
May 04Shell (LON:SHEL) Has More To Do To Multiply In Value Going Forward
May 02These 4 Measures Indicate That Shell (LON:SHEL) Is Using Debt Reasonably Well
Apr 01An Intrinsic Calculation For Shell plc (LON:SHEL) Suggests It's 30% Undervalued
Mar 09Shell's (LON:SHEL) Soft Earnings Don't Show The Whole Picture
Feb 08Shell (LON:SHEL) Is Doing The Right Things To Multiply Its Share Price
Jan 26Financial Position Analysis
Short Term Liabilities: SHEL's short term assets ($125.6B) exceed its short term liabilities ($89.6B).
Long Term Liabilities: SHEL's short term assets ($125.6B) exceed its long term liabilities ($115.8B).
Debt to Equity History and Analysis
Debt Level: SHEL's net debt to equity ratio (4.6%) is considered satisfactory.
Reducing Debt: SHEL's debt to equity ratio has reduced from 30% to 26.9% over the past 5 years.
Debt Coverage: SHEL's debt is well covered by operating cash flow (106%).
Interest Coverage: SHEL's interest payments on its debt are well covered by EBIT (13.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/18 04:05 |
| End of Day Share Price | 2024/12/18 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Shell plc is covered by 78 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Thijs Berkelder | ABN AMRO Bank N.V. |
| Alejandro Acosta | Alezor Research |
| Alexandre Andlauer | AlphaValue |