Marathon Petroleum Balance Sheet Health
Financial Health criteria checks 3/6
Marathon Petroleum has a total shareholder equity of $25.7B and total debt of $27.7B, which brings its debt-to-equity ratio to 107.8%. Its total assets and total liabilities are $79.8B and $54.1B respectively. Marathon Petroleum's EBIT is $7.0B making its interest coverage ratio 8.2. It has cash and short-term investments of $5.1B.
Key information
107.8%
Debt to equity ratio
US$27.72b
Debt
| Interest coverage ratio | 8.2x |
| Cash | US$5.14b |
| Equity | US$25.71b |
| Total liabilities | US$54.12b |
| Total assets | US$79.83b |
Recent financial health updates
Is Marathon Petroleum (NYSE:MPC) Using Too Much Debt?
Oct 19
These 4 Measures Indicate That Marathon Petroleum (NYSE:MPC) Is Using Debt Reasonably Well
May 22Does Marathon Petroleum (NYSE:MPC) Have A Healthy Balance Sheet?
Feb 19Marathon Petroleum (NYSE:MPC) Seems To Use Debt Quite Sensibly
Sep 30Is Marathon Petroleum (NYSE:MPC) A Risky Investment?
Jun 16Recent updates
Marathon Petroleum Corporation Just Recorded A 46% EPS Beat: Here's What Analysts Are Forecasting Next
Nov 07Marathon Petroleum: Shares Are Attractive Despite Muted Q3 Results
Nov 06Marathon Petroleum (NYSE:MPC) Is Increasing Its Dividend To $0.91
Nov 03Framing Marathon Petroleum Financials With Unexpected Weak Spreads (Knees)
Oct 20Is Marathon Petroleum (NYSE:MPC) Using Too Much Debt?
Oct 19An Intrinsic Calculation For Marathon Petroleum Corporation (NYSE:MPC) Suggests It's 47% Undervalued
Oct 01Marathon Petroleum: At An Inflection Point, Downgraded To Hold
Sep 26Marathon Petroleum Corporation: A Solid Oil Refiner Despite Sector Weakness
Sep 16Marathon Petroleum Corporation's (NYSE:MPC) Shares Lagging The Market But So Is The Business
Aug 31Newsflash: Marathon Petroleum Corporation (NYSE:MPC) Analysts Have Been Trimming Their Revenue Forecasts
Aug 07Marathon Petroleum: Recent Pullback Creates Opportunity Given Share Repurchases (Upgrade)
Jul 10Is There An Opportunity With Marathon Petroleum Corporation's (NYSE:MPC) 22% Undervaluation?
Jun 21These 4 Measures Indicate That Marathon Petroleum (NYSE:MPC) Is Using Debt Reasonably Well
May 22Marathon Petroleum: The Buyback King Of The Energy Sector Continues To Shine
May 02Analysts Are Updating Their Marathon Petroleum Corporation (NYSE:MPC) Estimates After Its First-Quarter Results
May 02Marathon Petroleum: Still Has Gas In The Tank After 100% Returns
Apr 08Marathon: Share Repurchases Continue To Generate Value (Downgrade)
Mar 1522% Return Per Year Since 2012 - How Unstoppable Is Marathon Petroleum?
Feb 20Does Marathon Petroleum (NYSE:MPC) Have A Healthy Balance Sheet?
Feb 19Calculating The Fair Value Of Marathon Petroleum Corporation (NYSE:MPC)
Jan 21Marathon Petroleum's Comfortable Market Position Suggests A Buy On Weakness
Jan 19Earnings Working Against Marathon Petroleum Corporation's (NYSE:MPC) Share Price
Jan 03Marathon Petroleum Still A Buy For The Long Haul
Jan 02Marathon Petroleum: In It For The Long Run
Dec 19Marathon Petroleum: Sum Of The Parts Upside Remains
Nov 25Marathon Petroleum Is A Buyback Monster
Nov 09Marathon Petroleum (NYSE:MPC) Has Announced That It Will Be Increasing Its Dividend To $0.825
Nov 01Here's Why We Think Marathon Petroleum (NYSE:MPC) Might Deserve Your Attention Today
Oct 31Marathon Petroleum: Gasoline Crack Spread Plunges, 2024 Earnings Outlook In Question
Oct 19Marathon Petroleum: Oil Price Shock Spells Trouble For Refining Margins (Rating Downgrade)
Oct 10Marathon Petroleum (NYSE:MPC) Seems To Use Debt Quite Sensibly
Sep 30Marathon Petroleum: An Impressive Ascension, But It May Not Last Forever
Sep 19Marathon Petroleum: Elevated Crack Spreads And Share Repurchases Make This Attractive
Sep 06Estimating The Intrinsic Value Of Marathon Petroleum Corporation (NYSE:MPC)
Aug 25Marathon Petroleum: Investing In The Fossil Fuel 'Supernova'
Aug 09Marathon Petroleum Q2 Earnings: Why This Stock Is An Attractive Investment
Aug 01Do Marathon Petroleum's (NYSE:MPC) Earnings Warrant Your Attention?
Jul 19Marathon Petroleum: Potential Positive Returns With Tight Markets
Jul 06What To Make Of Marathon Petroleum's Dividend
Jun 21Is Marathon Petroleum (NYSE:MPC) A Risky Investment?
Jun 16The Dividend Investor's Oil Playbook - Part 2
Jun 01Financial Position Analysis
Short Term Liabilities: MPC's short term assets ($25.9B) exceed its short term liabilities ($21.1B).
Long Term Liabilities: MPC's short term assets ($25.9B) do not cover its long term liabilities ($33.1B).
Debt to Equity History and Analysis
Debt Level: MPC's net debt to equity ratio (87.8%) is considered high.
Reducing Debt: MPC's debt to equity ratio has increased from 64.5% to 107.8% over the past 5 years.
Debt Coverage: MPC's debt is well covered by operating cash flow (27.3%).
Interest Coverage: MPC's interest payments on its debt are well covered by EBIT (8.2x coverage).