Energy Transfer Balance Sheet Health
Financial Health criteria checks 3/6
Energy Transfer has a total shareholder equity of $46.6B and total debt of $59.3B, which brings its debt-to-equity ratio to 127.2%. Its total assets and total liabilities are $124.4B and $77.8B respectively. Energy Transfer's EBIT is $9.1B making its interest coverage ratio 3.1. It has cash and short-term investments of $299.0M.
Key information
127.2%
Debt to equity ratio
US$59.26b
Debt
| Interest coverage ratio | 3.1x |
| Cash | US$299.00m |
| Equity | US$46.60b |
| Total liabilities | US$77.83b |
| Total assets | US$124.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ET.PRI's short term assets ($13.3B) exceed its short term liabilities ($12.4B).
Long Term Liabilities: ET.PRI's short term assets ($13.3B) do not cover its long term liabilities ($65.5B).
Debt to Equity History and Analysis
Debt Level: ET.PRI's net debt to equity ratio (126.5%) is considered high.
Reducing Debt: ET.PRI's debt to equity ratio has reduced from 143.9% to 127.2% over the past 5 years.
Debt Coverage: ET.PRI's debt is not well covered by operating cash flow (17.2%).
Interest Coverage: ET.PRI's interest payments on its debt are well covered by EBIT (3.1x coverage).