Oil and Natural Gas Balance Sheet Health
Financial Health criteria checks 4/6
Oil and Natural Gas has a total shareholder equity of ₹3,364.0B and total debt of ₹1,435.0B, which brings its debt-to-equity ratio to 42.7%. Its total assets and total liabilities are ₹6,690.8B and ₹3,326.8B respectively. Oil and Natural Gas's EBIT is ₹739.0B making its interest coverage ratio 63.4. It has cash and short-term investments of ₹507.7B.
Key information
42.7%
Debt to equity ratio
₹1.43t
Debt
| Interest coverage ratio | 63.4x |
| Cash | ₹507.72b |
| Equity | ₹3.36t |
| Total liabilities | ₹3.33t |
| Total assets | ₹6.69t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500312's short term assets (₹1,452.9B) do not cover its short term liabilities (₹1,454.2B).
Long Term Liabilities: 500312's short term assets (₹1,452.9B) do not cover its long term liabilities (₹1,872.7B).
Debt to Equity History and Analysis
Debt Level: 500312's net debt to equity ratio (27.6%) is considered satisfactory.
Reducing Debt: 500312's debt to equity ratio has reduced from 46% to 42.7% over the past 5 years.
Debt Coverage: 500312's debt is well covered by operating cash flow (78.7%).
Interest Coverage: 500312's interest payments on its debt are well covered by EBIT (63.4x coverage).