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
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 30These 4 Measures Indicate That Oil and Natural Gas (NSE:ONGC) Is Using Debt Extensively
Jul 06Oil and Natural Gas (NSE:ONGC) Seems To Use Debt Quite Sensibly
Mar 15Recent updates
Oil 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 02These 4 Measures Indicate That Oil and Natural Gas (NSE:ONGC) Is Using Debt Extensively
Jul 06Oil and Natural Gas Corporation Limited's (NSE:ONGC) Intrinsic Value Is Potentially 63% Above Its Share Price
Apr 19Oil and Natural Gas (NSE:ONGC) Seems To Use Debt Quite Sensibly
Mar 15Financial Position Analysis
Short Term Liabilities: ONGC's short term assets (₹1,452.9B) do not cover its short term liabilities (₹1,454.2B).
Long Term Liabilities: ONGC'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: ONGC's net debt to equity ratio (27.6%) is considered satisfactory.
Reducing Debt: ONGC's debt to equity ratio has reduced from 46% to 42.7% over the past 5 years.
Debt Coverage: ONGC's debt is well covered by operating cash flow (78.7%).
Interest Coverage: ONGC's interest payments on its debt are well covered by EBIT (63.4x coverage).