Marathon Petroleum Balance Sheet Health
Financial Health criteria checks 3/6
Marathon Petroleum has a total shareholder equity of $31.4B and total debt of $26.8B, which brings its debt-to-equity ratio to 85.4%. Its total assets and total liabilities are $86.0B and $54.6B respectively. Marathon Petroleum's EBIT is $13.6B making its interest coverage ratio 18.6. It has cash and short-term investments of $10.2B.
Key information
85.4%
Debt to equity ratio
US$26.81b
Debt
| Interest coverage ratio | 18.6x |
| Cash | US$10.22b |
| Equity | US$31.40b |
| Total liabilities | US$54.59b |
| Total assets | US$85.99b |
Recent financial health updates
Does Marathon Petroleum (NYSE:MPC) Have A Healthy Balance Sheet?
Feb 19
Marathon Petroleum (NYSE:MPC) Seems To Use Debt Quite Sensibly
Sep 30Is Marathon Petroleum (NYSE:MPC) A Risky Investment?
Jun 16Marathon Petroleum (NYSE:MPC) Seems To Use Debt Quite Sensibly
Mar 06These 4 Measures Indicate That Marathon Petroleum (NYSE:MPC) Is Using Debt Reasonably Well
Nov 18Recent updates
Marathon 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 01Estimating The Fair Value Of Marathon Petroleum Corporation (NYSE:MPC)
Apr 11Marathon Petroleum (NYSE:MPC) Seems To Use Debt Quite Sensibly
Mar 06My Top 5 Stocks To Own In The S&P 500
Feb 22Here's Why We Think Marathon Petroleum (NYSE:MPC) Is Well Worth Watching
Feb 16Marathon Petroleum: Great Performance, But Will It Last?
Feb 14Marathon Petroleum declares $0.75 dividend
Jan 27Marathon Petroleum: Low Natural Gas Provides Support
Jan 11A Look At The Intrinsic Value Of Marathon Petroleum Corporation (NYSE:MPC)
Dec 24These 4 Measures Indicate That Marathon Petroleum (NYSE:MPC) Is Using Debt Reasonably Well
Nov 18Here's Why We Think Marathon Petroleum (NYSE:MPC) Might Deserve Your Attention Today
Nov 03Marathon Petroleum Q3 2022 Earnings Preview
Oct 31Marathon Petroleum: Chunky Dividend Hike Likely Coming Soon
Oct 25Next Up, Aggressive Dividend Hikes: Why I Have My Eyes On Marathon Petroleum
Oct 17Marvelous Marathon Petroleum's Coming Excess Cash
Sep 23Estimating The Intrinsic Value Of Marathon Petroleum Corporation (NYSE:MPC)
Sep 02Financial Position Analysis
Short Term Liabilities: MPC's short term assets ($32.1B) exceed its short term liabilities ($20.2B).
Long Term Liabilities: MPC's short term assets ($32.1B) do not cover its long term liabilities ($34.4B).
Debt to Equity History and Analysis
Debt Level: MPC's net debt to equity ratio (52.8%) is considered high.
Reducing Debt: MPC's debt to equity ratio has increased from 59.7% to 85.4% over the past 5 years.
Debt Coverage: MPC's debt is well covered by operating cash flow (52.6%).
Interest Coverage: MPC's interest payments on its debt are well covered by EBIT (18.6x coverage).