Oil and Natural Gas Balance Sheet Health
Financial Health criteria checks 4/6
Oil and Natural Gas has a total shareholder equity of ₹3,650.9B and total debt of ₹1,531.8B, which brings its debt-to-equity ratio to 42%. Its total assets and total liabilities are ₹7,101.9B and ₹3,451.0B respectively. Oil and Natural Gas's EBIT is ₹640.7B making its interest coverage ratio 6. It has cash and short-term investments of ₹420.7B.
Key information
42.0%
Debt to equity ratio
₹1.53t
Debt
| Interest coverage ratio | 6x |
| Cash | ₹420.70b |
| Equity | ₹3.65t |
| Total liabilities | ₹3.45t |
| Total assets | ₹7.10t |
Recent financial health updates
Here's Why Oil and Natural Gas (NSE:ONGC) Has A Meaningful Debt Burden
Jul 09
Oil and Natural Gas (NSE:ONGC) Has A Somewhat Strained Balance Sheet
Jan 30Recent updates
Oil and Natural Gas (NSE:ONGC) Is Due To Pay A Dividend Of ₹2.50
Aug 09Oil and Natural Gas Corporation Limited (NSE:ONGC) Full-Year Results: Here's What Analysts Are Forecasting For This Year
May 23Oil and Natural Gas' (NSE:ONGC) Returns Have Hit A Wall
Apr 09Calculating The Fair Value Of Oil and Natural Gas Corporation Limited (NSE:ONGC)
Mar 19Oil and Natural Gas (NSE:ONGC) Is Doing The Right Things To Multiply Its Share Price
Dec 27A Look At The Intrinsic Value Of Oil and Natural Gas Corporation Limited (NSE:ONGC)
Dec 06Oil and Natural Gas' (NSE:ONGC) Dividend Will Be Reduced To ₹5.75
Nov 13There's Been No Shortage Of Growth Recently For Oil and Natural Gas' (NSE:ONGC) Returns On Capital
Sep 18Oil and Natural Gas' (NSE:ONGC) Dividend Will Be Reduced To ₹0.50
Aug 10Here's Why Oil and Natural Gas (NSE:ONGC) Has A Meaningful Debt Burden
Jul 09A Look At The Intrinsic Value Of Oil and Natural Gas Corporation Limited (NSE:ONGC)
Jun 18There's Been No Shortage Of Growth Recently For Oil and Natural Gas' (NSE:ONGC) Returns On Capital
May 28A Look At The Fair Value Of Oil and Natural Gas Corporation Limited (NSE:ONGC)
Mar 18Oil and Natural Gas (NSE:ONGC) Will Pay A Larger Dividend Than Last Year At ₹4.00
Feb 17Oil and Natural Gas (NSE:ONGC) Has A Somewhat Strained Balance Sheet
Jan 30Oil and Natural Gas (NSE:ONGC) Is Increasing Its Dividend To ₹6.75
Nov 21Is There An Opportunity With Oil and Natural Gas Corporation Limited's (NSE:ONGC) 44% Undervaluation?
Oct 31A Look At The Fair Value Of Oil and Natural Gas Corporation Limited (NSE:ONGC)
Aug 02Financial Position Analysis
Short Term Liabilities: ONGC's short term assets (₹1,333.4B) do not cover its short term liabilities (₹1,512.8B).
Long Term Liabilities: ONGC's short term assets (₹1,333.4B) do not cover its long term liabilities (₹1,938.2B).
Debt to Equity History and Analysis
Debt Level: ONGC's net debt to equity ratio (30.4%) is considered satisfactory.
Reducing Debt: ONGC's debt to equity ratio has reduced from 45.6% to 42% over the past 5 years.
Debt Coverage: ONGC's debt is well covered by operating cash flow (64.8%).
Interest Coverage: ONGC's interest payments on its debt are well covered by EBIT (6x coverage).