Imperial Oil Balance Sheet Health
Financial Health criteria checks 5/6
Imperial Oil has a total shareholder equity of CA$23.1B and total debt of CA$3.6B, which brings its debt-to-equity ratio to 15.4%. Its total assets and total liabilities are CA$42.5B and CA$19.4B respectively. Imperial Oil's EBIT is CA$6.1B making its interest coverage ratio -57.8. It has cash and short-term investments of CA$1.2B.
Key information
15.4%
Debt to equity ratio
CA$3.57b
Debt
Interest coverage ratio | -57.8x |
Cash | CA$1.18b |
Equity | CA$23.11b |
Total liabilities | CA$19.40b |
Total assets | CA$42.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IMO's short term assets (CA$9.5B) exceed its short term liabilities (CA$7.1B).
Long Term Liabilities: IMO's short term assets (CA$9.5B) do not cover its long term liabilities (CA$12.3B).
Debt to Equity History and Analysis
Debt Level: IMO's net debt to equity ratio (10.3%) is considered satisfactory.
Reducing Debt: IMO's debt to equity ratio has reduced from 19% to 15.4% over the past 5 years.
Debt Coverage: IMO's debt is well covered by operating cash flow (157.8%).
Interest Coverage: IMO earns more interest than it pays, so coverage of interest payments is not a concern.