Hess Balance Sheet Health
Financial Health criteria checks 3/6
Hess has a total shareholder equity of $11.6B and total debt of $8.6B, which brings its debt-to-equity ratio to 74.1%. Its total assets and total liabilities are $26.2B and $14.6B respectively. Hess's EBIT is $4.6B making its interest coverage ratio 12.5. It has cash and short-term investments of $1.9B.
Key information
74.1%
Debt to equity ratio
US$8.60b
Debt
| Interest coverage ratio | 12.5x |
| Cash | US$1.86b |
| Equity | US$11.60b |
| Total liabilities | US$14.63b |
| Total assets | US$26.23b |
Recent financial health updates
Recent updates
Hess Corporation: All Avenues Lead To Guyana
Nov 21Hess Corporation: Time Value Clock Is Ticking While Management Remains Silent
Oct 07Hess (NYSE:HES) Has A Pretty Healthy Balance Sheet
Oct 01
Hess Corporation: Manifesting The Time Value Of Money
Aug 01Hess Chevron Merger - Detailed Insight Into The ICC Arbitration Process And Its Impact
Jun 24Hess' (NYSE:HES) Dividend Will Be $0.4375
May 29Hess Corporation: An Attractive Risk/Reward Prospect On Merger Drama (Rating Upgrade)
May 25Hess Corporation: What Has Changed
May 16Hess Corporation And An Acquisition That Might Not Close
Apr 14Hess: Why No Acquisition Premium Is Already A Premium
Feb 13The Hess Merger Is Likely Going Through, Why Buying The Stock Still Makes Sense
Dec 29Hess-Chevron: How We Are Playing The Deal With Venezuela Laying Claim To Stabroek Block
Dec 08CEO John Hess Sells 90-Year Old Hess Corporation To Chevron
Oct 23Hess Corporation: Time To Buy The Dip
Sep 25Hess Corporation: Accelerated Cash Flow Growth
Aug 01Hess Corporation: Guyana Production More Than Triples
May 30Hess Corporation: Bring On That Cash Flow
Feb 09Financial Position Analysis
Short Term Liabilities: HES's short term assets ($3.7B) exceed its short term liabilities ($2.9B).
Long Term Liabilities: HES's short term assets ($3.7B) do not cover its long term liabilities ($11.7B).
Debt to Equity History and Analysis
Debt Level: HES's net debt to equity ratio (58%) is considered high.
Reducing Debt: HES's debt to equity ratio has increased from 64.3% to 74.1% over the past 5 years.
Debt Coverage: HES's debt is well covered by operating cash flow (65.5%).
Interest Coverage: HES's interest payments on its debt are well covered by EBIT (12.5x coverage).
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 07:49 |
| End of Day Share Price | 2024/12/20 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 |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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
Hess Corporation is covered by 55 analysts. 13 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 |
|---|---|
| William Selesky | Argus Research Company |
| Finbarr MacCarthy | Atlantic Equities LLP |
| Yim Cheng | Barclays |