Diamondback Energy Balance Sheet Health
Financial Health criteria checks 3/6
Diamondback Energy has a total shareholder equity of $18.0B and total debt of $6.8B, which brings its debt-to-equity ratio to 37.9%. Its total assets and total liabilities are $29.7B and $11.7B respectively. Diamondback Energy's EBIT is $4.5B making its interest coverage ratio 18.7. It has cash and short-term investments of $896.0M.
Key information
37.9%
Debt to equity ratio
US$6.82b
Debt
| Interest coverage ratio | 18.7x |
| Cash | US$896.00m |
| Equity | US$18.02b |
| Total liabilities | US$11.67b |
| Total assets | US$29.69b |
Recent financial health updates
Diamondback Energy (NASDAQ:FANG) Seems To Use Debt Quite Sensibly
Oct 23
Diamondback Energy (NASDAQ:FANG) Has A Pretty Healthy Balance Sheet
Jun 26We Think Diamondback Energy (NASDAQ:FANG) Can Stay On Top Of Its Debt
Mar 16Diamondback Energy (NASDAQ:FANG) Seems To Use Debt Quite Sensibly
Dec 02We Think Diamondback Energy (NASDAQ:FANG) Can Stay On Top Of Its Debt
Aug 23Recent updates
Diamondback 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 23Estimating The Intrinsic Value Of Diamondback Energy, Inc. (NASDAQ:FANG)
Sep 15Diamondback Energy (NASDAQ:FANG) Has A Pretty Healthy Balance Sheet
Jun 26Do Diamondback Energy's (NASDAQ:FANG) Earnings Warrant Your Attention?
Jun 11A Look At The Fair Value Of Diamondback Energy, Inc. (NASDAQ:FANG)
Apr 16We Think Diamondback Energy (NASDAQ:FANG) Can Stay On Top Of Its Debt
Mar 16Does Diamondback Energy (NASDAQ:FANG) Deserve A Spot On Your Watchlist?
Mar 01A Look At The Intrinsic Value Of Diamondback Energy, Inc. (NASDAQ:FANG)
Dec 20Diamondback Energy (NASDAQ:FANG) Seems To Use Debt Quite Sensibly
Dec 02Diamondback Energy: Sell Its Recent Surge And Come Back Later
Oct 14Diamondback Energy: Ready For Whatever Happens
Oct 02Diamondback Energy: Your FANG For The Next Decade?
Sep 11Diamondback Energy: Slipping Along With Oil Prices
Sep 01We Think Diamondback Energy (NASDAQ:FANG) Can Stay On Top Of Its Debt
Aug 23Diamondback Energy: No Snake Eyes Here
Jul 31An Intrinsic Calculation For Diamondback Energy, Inc. (NASDAQ:FANG) Suggests It's 30% Undervalued
Jul 27Diamondback Energy: Potential Income From 2020 Acquisitions Realized
Jun 29Financial Position Analysis
Short Term Liabilities: FANG's short term assets ($1.9B) do not cover its short term liabilities ($2.1B).
Long Term Liabilities: FANG's short term assets ($1.9B) do not cover its long term liabilities ($9.6B).
Debt to Equity History and Analysis
Debt Level: FANG's net debt to equity ratio (32.9%) is considered satisfactory.
Reducing Debt: FANG's debt to equity ratio has increased from 32.2% to 37.9% over the past 5 years.
Debt Coverage: FANG's debt is well covered by operating cash flow (85.4%).
Interest Coverage: FANG's interest payments on its debt are well covered by EBIT (18.7x coverage).