Oil and Natural Gas Financial Health

Short Term Liabilities: ONGC's short term assets (₹1,349.4B) do not cover its short term liabilities (₹1,414.2B).

Long Term Liabilities: ONGC's short term assets (₹1,349.4B) do not cover its long term liabilities (₹1,899.2B).

Debt Level: ONGC's net debt to equity ratio (35.8%) is considered satisfactory.

Reducing Debt: ONGC's debt to equity ratio has increased from 42.6% to 48.1% over the past 5 years.

Debt Coverage: ONGC's debt is well covered by operating cash flow (47.6%).

Interest Coverage: ONGC earns more interest than it pays, so coverage of interest payments is not a concern.

• Healthy companies in the Energy industry.