BP Balance Sheet Health
Financial Health criteria checks 5/6
BP has a total shareholder equity of $85.5B and total debt of $52.0B, which brings its debt-to-equity ratio to 60.8%. Its total assets and total liabilities are $280.3B and $194.8B respectively. BP's EBIT is $26.5B making its interest coverage ratio 15.4. It has cash and short-term investments of $45.7B.
Key information
60.8%
Debt to equity ratio
US$51.95b
Debt
| Interest coverage ratio | 15.4x |
| Cash | US$45.70b |
| Equity | US$85.49b |
| Total liabilities | US$194.80b |
| Total assets | US$280.29b |
Recent financial health updates
No updates
Recent updates
BP: Refueling The Cash Engine (Rating Upgrade)
Apr 09BP: A Deep Dive Into US E&P Subsidiary Bpx
Mar 063 Reasons To Buy BP For 2024
Feb 20BP: New Boss, Same Plan, Still A Buy
Feb 06BP Looks Undervalued, Even Considering Green Energy Strategy Risks
Jan 19BP: Middle East Tensions, OPEC+ And Oil Above $70
Jan 13The Last Fallen Angel For 2024
Dec 22Despite Its Valuation, BP Remains A Hard Pass For Me
Nov 24BP: I Remain Bullish On This Quality Company
Oct 19BP: Significantly Undervalued At Current Oil Prices
Oct 03BP Stock: Entering An Overbought Territory
Sep 11BP: Bernard Takes A Road Trip In The USA
Sep 04Following Its Q2 Results, BP Is A Buy
Aug 02BP: Announcing Buybacks And Moving Into CCS Projects
Jun 25Financial Position Analysis
Short Term Liabilities: BP's short term assets ($104.1B) exceed its short term liabilities ($86.1B).
Long Term Liabilities: BP's short term assets ($104.1B) do not cover its long term liabilities ($108.7B).
Debt to Equity History and Analysis
Debt Level: BP's net debt to equity ratio (7.3%) is considered satisfactory.
Reducing Debt: BP's debt to equity ratio has reduced from 64.1% to 60.8% over the past 5 years.
Debt Coverage: BP's debt is well covered by operating cash flow (61.7%).
Interest Coverage: BP's interest payments on its debt are well covered by EBIT (15.4x coverage).