Energy Transfer Balance Sheet Health
Financial Health criteria checks 3/6
Energy Transfer has a total shareholder equity of $41.2B and total debt of $48.3B, which brings its debt-to-equity ratio to 117.3%. Its total assets and total liabilities are $105.6B and $64.5B respectively. Energy Transfer's EBIT is $8.1B making its interest coverage ratio 4. It has cash and short-term investments of $257.0M.
Key information
117.3%
Debt to equity ratio
US$48.25b
Debt
Interest coverage ratio | 4x |
Cash | US$257.00m |
Equity | US$41.15b |
Total liabilities | US$64.49b |
Total assets | US$105.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ET *'s short term assets ($12.1B) exceed its short term liabilities ($10.4B).
Long Term Liabilities: ET *'s short term assets ($12.1B) do not cover its long term liabilities ($54.1B).
Debt to Equity History and Analysis
Debt Level: ET *'s net debt to equity ratio (116.6%) is considered high.
Reducing Debt: ET *'s debt to equity ratio has reduced from 146.9% to 117.3% over the past 5 years.
Debt Coverage: ET *'s debt is not well covered by operating cash flow (18.8%).
Interest Coverage: ET *'s interest payments on its debt are well covered by EBIT (4x coverage).