Diamondback Energy Balance Sheet Health
Financial Health criteria checks 3/6
Diamondback Energy has a total shareholder equity of $38.8B and total debt of $13.0B, which brings its debt-to-equity ratio to 33.6%. Its total assets and total liabilities are $65.7B and $26.9B respectively. Diamondback Energy's EBIT is $4.7B making its interest coverage ratio 40.1. It has cash and short-term investments of $370.0M.
Key information
33.6%
Debt to equity ratio
US$13.03b
Debt
| Interest coverage ratio | 40.1x |
| Cash | US$370.00m |
| Equity | US$38.82b |
| Total liabilities | US$26.93b |
| Total assets | US$65.75b |
Recent financial health updates
We Think Diamondback Energy (NASDAQ:FANG) Is Taking Some Risk With Its Debt
Jul 13
Diamondback Energy (NASDAQ:FANG) Seems To Use Debt Quite Sensibly
Oct 23Recent updates
Why Diamondback Energy Is My Top Pick For U.S. Oil
Nov 05Are Investors Undervaluing Diamondback Energy, Inc. (NASDAQ:FANG) By 37%?
Oct 29There's Reason For Concern Over Diamondback Energy, Inc.'s (NASDAQ:FANG) Price
Oct 08Diamondback Energy: Secondary Offering Confusion
Sep 21Party Time: Brokers Just Made Major Increases To Their Diamondback Energy, Inc. (NASDAQ:FANG) Earnings Forecasts
Sep 11Diamondback Energy: Increased Geopolitical Tensions Raise Free Cash Flow Outlook
Aug 30Diamondback Energy Q2: Fantastic Growth Per Share Reported
Aug 06Looking For Energy Dividends? Don't Sleep On Diamondback Energy
Jul 21We Think Diamondback Energy (NASDAQ:FANG) Is Taking Some Risk With Its Debt
Jul 13Diamondback Energy, Inc.'s (NASDAQ:FANG) Low P/E No Reason For Excitement
Jun 21Diamondback Energy: Round 2 Makes An Acquisition
Jun 05We Think Shareholders Will Probably Be Generous With Diamondback Energy, Inc.'s (NASDAQ:FANG) CEO Compensation
May 31Diamondback Energy: Evolving Powerhouse In The Permian
May 13Diamondback Energy: Oil Outlook Improving, But Valuation Is Stretched, And Merger May Fail
Apr 25Diamondback Energy: The Perfect Oil Stock For A $90+ Oil World
Apr 01Diamondback Energy Is Prepared To Perform In A Flat-To-Down Market
Feb 27Diamondback Acquires Endeavor In $26 Billion Permian Oil Deal, With Read-Through For Vital Energy
Feb 20Returns At Diamondback Energy (NASDAQ:FANG) Are On The Way Up
Feb 13Diamondback Energy: Free Cash Flow Growth Accelerates Again
Feb 12Is Diamondback Energy, Inc. (NASDAQ:FANG) Trading At A 24% Discount?
Jan 29Diamondback Energy: Compelling Capital Returns And Moderately Undervalued
Jan 11Insufficient Growth At Diamondback Energy, Inc. (NASDAQ:FANG) Hampers Share Price
Dec 29Diamondback Energy's (NASDAQ:FANG) Returns On Capital Are Heading Higher
Nov 08Diamondback Energy (NASDAQ:FANG) Seems To Use Debt Quite Sensibly
Oct 23Financial Position Analysis
Short Term Liabilities: FANG's short term assets ($2.0B) do not cover its short term liabilities ($4.5B).
Long Term Liabilities: FANG's short term assets ($2.0B) do not cover its long term liabilities ($22.5B).
Debt to Equity History and Analysis
Debt Level: FANG's net debt to equity ratio (32.6%) is considered satisfactory.
Reducing Debt: FANG's debt to equity ratio has increased from 30.7% to 33.6% over the past 5 years.
Debt Coverage: FANG's debt is well covered by operating cash flow (43.7%).
Interest Coverage: FANG's interest payments on its debt are well covered by EBIT (40.1x coverage).