California Resources Balance Sheet Health
Financial Health criteria checks 5/6
California Resources has a total shareholder equity of $2.2B and total debt of $540.0M, which brings its debt-to-equity ratio to 24.3%. Its total assets and total liabilities are $4.0B and $1.8B respectively. California Resources's EBIT is $492.0M making its interest coverage ratio 8.8. It has cash and short-term investments of $496.0M.
Key information
24.3%
Debt to equity ratio
US$540.00m
Debt
| Interest coverage ratio | 8.8x |
| Cash | US$496.00m |
| Equity | US$2.22b |
| Total liabilities | US$1.78b |
| Total assets | US$4.00b |
Recent financial health updates
No updates
Recent updates
Why We Like The Returns At California Resources (NYSE:CRC)
Feb 01
California 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 24California Resources (NYSE:CRC) Is Doing The Right Things To Multiply Its Share Price
Feb 05Earnings Working Against California Resources Corporation's (NYSE:CRC) Share Price
Jan 09California Resources (NYSE:CRC) Posted Weak Earnings But There Is More To Worry About
Nov 17California Resources (NYSE:CRC) Is Paying Out A Larger Dividend Than Last Year
Nov 16California Resources lifts dividend by 66% to $0.2825/share, boosts share buyback plan by $200M
Nov 03Calculating The Intrinsic Value Of California Resources Corporation (NYSE:CRC)
Oct 27California Resources: Taking Stock Of California Regulatory Changes
Oct 25California Resources GAAP EPS of $0.16, revenue of $220.6M
Aug 03California Resources: Hedging Strategy To Change
Jun 14Finally A Viable Strategy For California Resources
Jan 17California Resources Corporation Is An Interesting Investment Post Bankruptcy
Dec 06California Resources: The Environmental Energy Play
Oct 05California Resources (CRC) Investor Presentation - Slideshow
Jun 16California Resources (CRC) Presents At Wells Fargo Energy Conference - Slideshow
Jun 04California Resources announces private offering of $600M senior unsecured notes
Jan 13California Resources CEO to step down at year-end
Dec 21Financial Position Analysis
Short Term Liabilities: CRC's short term assets ($929.0M) exceed its short term liabilities ($616.0M).
Long Term Liabilities: CRC's short term assets ($929.0M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: CRC's net debt to equity ratio (2%) is considered satisfactory.
Reducing Debt: CRC's debt to equity ratio has reduced from 1031.6% to 24.3% over the past 5 years.
Debt Coverage: CRC's debt is well covered by operating cash flow (120.9%).
Interest Coverage: CRC's interest payments on its debt are well covered by EBIT (8.8x coverage).