Marathon Oil Balance Sheet Health
Financial Health criteria checks 2/6
Marathon Oil has a total shareholder equity of $11.2B and total debt of $5.3B, which brings its debt-to-equity ratio to 47.3%. Its total assets and total liabilities are $19.7B and $8.5B respectively. Marathon Oil's EBIT is $2.0B making its interest coverage ratio 6.5. It has cash and short-term investments of $86.0M.
Key information
47.3%
Debt to equity ratio
US$5.30b
Debt
| Interest coverage ratio | 6.5x |
| Cash | US$86.00m |
| Equity | US$11.21b |
| Total liabilities | US$8.53b |
| Total assets | US$19.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MRO's short term assets ($1.6B) do not cover its short term liabilities ($2.8B).
Long Term Liabilities: MRO's short term assets ($1.6B) do not cover its long term liabilities ($5.7B).
Debt to Equity History and Analysis
Debt Level: MRO's net debt to equity ratio (46.5%) is considered high.
Reducing Debt: MRO's debt to equity ratio has increased from 45.5% to 47.3% over the past 5 years.
Debt Coverage: MRO's debt is well covered by operating cash flow (75.3%).
Interest Coverage: MRO's interest payments on its debt are well covered by EBIT (6.5x coverage).