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Tullow Oil Balance Sheet Health
Financial Health criteria checks 1/6
Tullow Oil has a total shareholder equity of $-459.5M and total debt of $2.5B, which brings its debt-to-equity ratio to -538.2%. Its total assets and total liabilities are $5.0B and $5.5B respectively. Tullow Oil's EBIT is $550.6M making its interest coverage ratio 1.8. It has cash and short-term investments of $636.3M.
Key information
-538.2%
Debt to equity ratio
US$2.47b
Debt
Interest coverage ratio | 1.8x |
Cash | US$636.30m |
Equity | -US$459.50m |
Total liabilities | US$5.50b |
Total assets | US$5.04b |
Recent financial health updates
Recent updates
Financial 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.
Debt Coverage: TLW's debt is well covered by operating cash flow (43.6%).
Interest Coverage: TLW's interest payments on its debt are not well covered by EBIT (1.8x coverage).