Chevron Balance Sheet Health
Financial Health criteria checks 5/6
Chevron has a total shareholder equity of $157.0B and total debt of $25.8B, which brings its debt-to-equity ratio to 16.5%. Its total assets and total liabilities are $259.2B and $102.2B respectively. Chevron's EBIT is $22.5B making its interest coverage ratio 43.7. It has cash and short-term investments of $4.7B.
Key information
16.5%
Debt to equity ratio
US$25.84b
Debt
| Interest coverage ratio | 43.7x |
| Cash | US$4.70b |
| Equity | US$157.03b |
| Total liabilities | US$102.20b |
| Total assets | US$259.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CVX *'s short term assets ($38.2B) exceed its short term liabilities ($35.7B).
Long Term Liabilities: CVX *'s short term assets ($38.2B) do not cover its long term liabilities ($66.5B).
Debt to Equity History and Analysis
Debt Level: CVX *'s net debt to equity ratio (13.5%) is considered satisfactory.
Reducing Debt: CVX *'s debt to equity ratio has reduced from 20.8% to 16.5% over the past 5 years.
Debt Coverage: CVX *'s debt is well covered by operating cash flow (136.3%).
Interest Coverage: CVX *'s interest payments on its debt are well covered by EBIT (43.7x coverage).