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
Is Diamondback Energy (NASDAQ:FANG) Using Too Much Debt?
Dec 20
We Think Diamondback Energy (NASDAQ:FANG) Is Taking Some Risk With Its Debt
Jul 13Recent updates
Diamondback Energy, Inc.'s (NASDAQ:FANG) Price Is Right But Growth Is Lacking
Jan 07Diamondback Energy: A Premium Permian Player
Dec 31Is Diamondback Energy (NASDAQ:FANG) Using Too Much Debt?
Dec 20Exxon Mobil Vs. Diamondback Energy: Only One Is A Compelling Buy
Dec 12Why 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 11Financial 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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/19 03:33 |
| End of Day Share Price | 2025/01/17 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Diamondback Energy, Inc. is covered by 73 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jeanine Wai | Barclays |
| Betty Jiang | Barclays |
| Jeanine Wai | Barclays |