SM Energy Balance Sheet Health
Financial Health criteria checks 5/6
SM Energy has a total shareholder equity of $4.1B and total debt of $2.7B, which brings its debt-to-equity ratio to 66.6%. Its total assets and total liabilities are $8.0B and $4.0B respectively. SM Energy's EBIT is $1.1B making its interest coverage ratio 13.5. It has cash and short-term investments of $1.7B.
Key information
66.6%
Debt to equity ratio
US$2.71b
Debt
| Interest coverage ratio | 13.5x |
| Cash | US$1.74b |
| Equity | US$4.06b |
| Total liabilities | US$3.97b |
| Total assets | US$8.03b |
Recent financial health updates
Is SM Energy (NYSE:SM) A Risky Investment?
Jun 11
These 4 Measures Indicate That SM Energy (NYSE:SM) Is Using Debt Extensively
Feb 15Is SM Energy (NYSE:SM) A Risky Investment?
Nov 12SM Energy (NYSE:SM) Has A Pretty Healthy Balance Sheet
Jul 24Recent updates
SM Energy Company (NYSE:SM) Looks Inexpensive But Perhaps Not Attractive Enough
Oct 19SM Energy: Production Should Be Close To 200,000 BOEPD After Uinta Basin Deals (Rating Upgrade)
Sep 20SM Energy: Robust E&P Companies Better Than Outright WTI In Today's Environment
Sep 13SM Energy: Pivot From The Permian
Aug 09SM Energy: Power Up The Oil And Gas Industry
Jul 12We Like These Underlying Return On Capital Trends At SM Energy (NYSE:SM)
Jun 29Is SM Energy (NYSE:SM) A Risky Investment?
Jun 11SM Energy's Capital Efficiency Creates An Attractive Opportunity
May 13There Is A Reason SM Energy Company's (NYSE:SM) Price Is Undemanding
Apr 24The Return Trends At SM Energy (NYSE:SM) Look Promising
Mar 22SM Energy: Reviewing Its Outlook For 2024
Feb 23These 4 Measures Indicate That SM Energy (NYSE:SM) Is Using Debt Extensively
Feb 15Are Investors Undervaluing SM Energy Company (NYSE:SM) By 41%?
Jan 16SM Energy (NYSE:SM) Will Pay A Larger Dividend Than Last Year At $0.18
Jan 01SM Energy: Strong Free Cash Flow At An Attractive Valuation
Dec 28Little Excitement Around SM Energy Company's (NYSE:SM) Earnings
Dec 22Is SM Energy (NYSE:SM) A Risky Investment?
Nov 12SM Energy (NYSE:SM) Is Due To Pay A Dividend Of $0.15
Oct 22SM Energy May Generate Over $700 Million In 2024 Free Cash Flow
Oct 19Here's Why SM Energy (NYSE:SM) Has Caught The Eye Of Investors
Oct 17SM Energy (NYSE:SM) Has Announced A Dividend Of $0.15
Oct 02A Look At The Fair Value Of SM Energy Company (NYSE:SM)
Sep 12SM Energy: Nearly $400 Million In Projected H2 2023 Free Cash Flow
Aug 14Under The Bonnet, SM Energy's (NYSE:SM) Returns Look Impressive
Aug 08SM Energy (NYSE:SM) Has A Pretty Healthy Balance Sheet
Jul 24SM Energy: Interesting Only For Acquisition Potential
Jul 10Should You Be Adding SM Energy (NYSE:SM) To Your Watchlist Today?
Jul 07Is SM Energy Company (NYSE:SM) Trading At A 22% Discount?
Jun 04Financial Position Analysis
Short Term Liabilities: SM's short term assets ($2.0B) exceed its short term liabilities ($581.1M).
Long Term Liabilities: SM's short term assets ($2.0B) do not cover its long term liabilities ($3.4B).
Debt to Equity History and Analysis
Debt Level: SM's net debt to equity ratio (23.9%) is considered satisfactory.
Reducing Debt: SM's debt to equity ratio has reduced from 96.2% to 66.6% over the past 5 years.
Debt Coverage: SM's debt is well covered by operating cash flow (62.1%).
Interest Coverage: SM's interest payments on its debt are well covered by EBIT (13.5x coverage).