California Resources Balance Sheet Health
Financial Health criteria checks 4/6
California Resources has a total shareholder equity of $3.5B and total debt of $1.1B, which brings its debt-to-equity ratio to 32.3%. Its total assets and total liabilities are $7.1B and $3.6B respectively. California Resources's EBIT is $367.0M making its interest coverage ratio 5.1. It has cash and short-term investments of $241.0M.
Key information
32.3%
Debt to equity ratio
US$1.13b
Debt
| Interest coverage ratio | 5.1x |
| Cash | US$241.00m |
| Equity | US$3.50b |
| Total liabilities | US$3.63b |
| Total assets | US$7.13b |
Recent financial health updates
Recent updates
California Resources (NYSE:CRC) Will Pay A Dividend Of $0.3875
Nov 26
California Resources' (NYSE:CRC) Earnings Might Be Weaker Than You Think
Nov 13California Resources (NYSE:CRC) Has Announced A Dividend Of $0.3875
Nov 10Is California Resources Corporation (NYSE:CRC) Trading At A 49% Discount?
Oct 15A Piece Of The Puzzle Missing From California Resources Corporation's (NYSE:CRC) Share Price
Sep 23California Resources' (NYSE:CRC) Dividend Will Be Increased To $0.3875
Aug 10California Resources Corporation Just Missed Earnings - But Analysts Have Updated Their Models
Aug 09California Resources Corporation (NYSE:CRC) Shares Could Be 46% Below Their Intrinsic Value Estimate
Jul 05Return Trends At California Resources (NYSE:CRC) Aren't Appealing
Jun 17We Think California Resources (NYSE:CRC) Is Taking Some Risk With Its Debt
May 23California Resources Corporation's (NYSE:CRC) Price Is Right But Growth Is Lacking
May 01Why We Like The Returns At California Resources (NYSE:CRC)
Feb 01California Resources Corporation (NYSE:CRC) Could Be Riskier Than It Looks
Jan 02California Resources: The Future Of Oil Is In California
Nov 07The Trend Of High Returns At California Resources (NYSE:CRC) Has Us Very Interested
Nov 02California Resources Corporation: Making Moves And Delivering Value
Oct 11We Ran A Stock Scan For Earnings Growth And California Resources (NYSE:CRC) Passed With Ease
Sep 18California Resources: Carbon Capture And Potential Separation From Oil Production
Sep 13California Resources (NYSE:CRC) Is Very Good At Capital Allocation
Jul 22With EPS Growth And More, California Resources (NYSE:CRC) Makes An Interesting Case
Jun 16California Resources Corporation: Despite State Challenges, FCF Remains Strong
Jun 10How To Short Stocks; Bitcoin Miners, Energy Picks And A High Conviction Play With Kirk Spano And CashFlow Hunter
May 23California Resources (NYSE:CRC) Is Paying Out A Larger Dividend Than Last Year
May 19California Resources' (NYSE:CRC) Dividend Will Be Increased To $0.2825
May 05Industry Analysts Just Upgraded Their California Resources Corporation (NYSE:CRC) Revenue Forecasts By 12%
May 04California Resources (NYSE:CRC) Is Increasing Its Dividend To $0.2825
Mar 02California Resources declares $0.2825 dividend
Feb 24Financial Position Analysis
Short Term Liabilities: CRC's short term assets ($872.0M) do not cover its short term liabilities ($897.0M).
Long Term Liabilities: CRC's short term assets ($872.0M) do not cover its long term liabilities ($2.7B).
Debt to Equity History and Analysis
Debt Level: CRC's net debt to equity ratio (25.4%) is considered satisfactory.
Reducing Debt: CRC's debt to equity ratio has reduced from 859.9% to 32.3% over the past 5 years.
Debt Coverage: CRC's debt is well covered by operating cash flow (47.3%).
Interest Coverage: CRC's interest payments on its debt are well covered by EBIT (5.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 17:53 |
| End of Day Share Price | 2024/12/19 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
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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
California Resources Corporation is covered by 29 analysts. 7 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 |
|---|---|
| Betty Jiang | Barclays |
| Kaleinoheaokeala Akamine | BofA Global Research |
| William Frohnhoefer | BTIG |