Chevron Balance Sheet Health
Financial Health criteria checks 5/6
Chevron has a total shareholder equity of $161.7B and total debt of $21.8B, which brings its debt-to-equity ratio to 13.5%. Its total assets and total liabilities are $261.7B and $100.0B respectively. Chevron's EBIT is $25.5B making its interest coverage ratio 53.9. It has cash and short-term investments of $6.3B.
Key information
13.5%
Debt to equity ratio
US$21.84b
Debt
Interest coverage ratio | 53.9x |
Cash | US$6.28b |
Equity | US$161.66b |
Total liabilities | US$100.00b |
Total assets | US$261.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CVX *'s short term assets ($40.5B) exceed its short term liabilities ($32.9B).
Long Term Liabilities: CVX *'s short term assets ($40.5B) do not cover its long term liabilities ($67.1B).
Debt to Equity History and Analysis
Debt Level: CVX *'s net debt to equity ratio (9.6%) is considered satisfactory.
Reducing Debt: CVX *'s debt to equity ratio has reduced from 21% to 13.5% over the past 5 years.
Debt Coverage: CVX *'s debt is well covered by operating cash flow (161.4%).
Interest Coverage: CVX *'s interest payments on its debt are well covered by EBIT (53.9x coverage).