Oil and Natural Gas Balance Sheet Health
Financial Health criteria checks 3/6
Oil and Natural Gas has a total shareholder equity of ₹3,794.8B and total debt of ₹1,579.0B, which brings its debt-to-equity ratio to 41.6%. Its total assets and total liabilities are ₹7,576.1B and ₹3,781.4B respectively. Oil and Natural Gas's EBIT is ₹550.2B making its interest coverage ratio -44.8. It has cash and short-term investments of ₹433.8B.
Key information
41.6%
Debt to equity ratio
₹1.58t
Debt
| Interest coverage ratio | -44.8x |
| Cash | ₹433.82b |
| Equity | ₹3.79t |
| Total liabilities | ₹3.78t |
| Total assets | ₹7.58t |
Recent financial health updates
Recent updates
Is Oil and Natural Gas (NSE:ONGC) Using Too Much Debt?
Dec 03
Oil and Natural Gas (NSE:ONGC) Will Pay A Larger Dividend Than Last Year At ₹6.00
Nov 14Lacklustre Performance Is Driving Oil and Natural Gas Corporation Limited's (NSE:ONGC) Low P/E
Nov 11Oil 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 27Financial Position Analysis
Short Term Liabilities: ONGC's short term assets (₹1,418.8B) do not cover its short term liabilities (₹1,590.7B).
Long Term Liabilities: ONGC's short term assets (₹1,418.8B) do not cover its long term liabilities (₹2,190.6B).
Debt to Equity History and Analysis
Debt Level: ONGC's net debt to equity ratio (30.2%) is considered satisfactory.
Reducing Debt: ONGC's debt to equity ratio has increased from 38.9% to 41.6% over the past 5 years.
Debt Coverage: ONGC's debt is well covered by operating cash flow (52.8%).
Interest Coverage: ONGC earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 20:42 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Oil and Natural Gas Corporation Limited is covered by 70 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nitin Bhasin | Ambit Capital |
| Vivekanand Subbaraman | Ambit Capital |
| null null | Anand Rathi Shares and Stock Brokers Limited |