Tullow Oil Balance Sheet Health
Financial Health criteria checks 2/6
Tullow Oil has a total shareholder equity of $-359.4M and total debt of $2.1B, which brings its debt-to-equity ratio to -580%. Its total assets and total liabilities are $4.5B and $4.8B respectively. Tullow Oil's EBIT is $298.0M making its interest coverage ratio 1. It has cash and short-term investments of $499.0M.
Key information
-580.0%
Debt to equity ratio
US$2.08b
Debt
| Interest coverage ratio | 1x |
| Cash | US$499.00m |
| Equity | -US$359.40m |
| Total liabilities | US$4.82b |
| Total assets | US$4.46b |
Recent financial health updates
Recent updates
Tullow Oil plc's (LON:TLW) Intrinsic Value Is Potentially 95% Above Its Share Price
Mar 28
Under The Bonnet, Tullow Oil's (LON:TLW) Returns Look Impressive
Feb 27Tullow Oil plc (LON:TLW) Shares Could Be 28% Below Their Intrinsic Value Estimate
Nov 29Investors Shouldn't Overlook Tullow Oil's (LON:TLW) Impressive Returns On Capital
Oct 19We Like These Underlying Return On Capital Trends At Tullow Oil (LON:TLW)
Jul 01Calculating The Fair Value Of Tullow Oil plc (LON:TLW)
Feb 09
If You Had Bought Tullow Oil's (LON:TLW) Shares Three Years Ago You Would Be Down 85%
Dec 22Financial Position Analysis
Short Term Liabilities: TLW has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: TLW has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: TLW has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: TLW's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable TLW has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: TLW is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 7.5% per year.