Energy Transfer Balance Sheet Health
Financial Health criteria checks 3/6
Energy Transfer has a total shareholder equity of $41.1B and total debt of $48.1B, which brings its debt-to-equity ratio to 117.1%. Its total assets and total liabilities are $107.6B and $66.5B respectively. Energy Transfer's EBIT is $7.9B making its interest coverage ratio 3.2. It has cash and short-term investments of $514.0M.
Key information
117.1%
Debt to equity ratio
US$48.08b
Debt
Interest coverage ratio | 3.2x |
Cash | US$514.00m |
Equity | US$41.06b |
Total liabilities | US$66.51b |
Total assets | US$107.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ET.PRD's short term assets ($13.4B) exceed its short term liabilities ($12.8B).
Long Term Liabilities: ET.PRD's short term assets ($13.4B) do not cover its long term liabilities ($53.8B).
Debt to Equity History and Analysis
Debt Level: ET.PRD's net debt to equity ratio (115.9%) is considered high.
Reducing Debt: ET.PRD's debt to equity ratio has reduced from 142% to 117.1% over the past 5 years.
Debt Coverage: ET.PRD's debt is not well covered by operating cash flow (20%).
Interest Coverage: ET.PRD's interest payments on its debt are well covered by EBIT (3.2x coverage).