Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Apache Corp., solvency ratios (quarterly data)
Based on: 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Apache Corp. debt to equity ratio improved from Q4 2015 to Q1 2016 but then slightly deteriorated from Q1 2016 to Q2 2016. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Apache Corp. debt to capital ratio improved from Q4 2015 to Q1 2016 but then slightly deteriorated from Q1 2016 to Q2 2016. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Apache Corp. debt to assets ratio improved from Q4 2015 to Q1 2016 but then slightly deteriorated from Q1 2016 to Q2 2016. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Apache Corp. financial leverage ratio decreased from Q4 2015 to Q1 2016 but then slightly increased from Q1 2016 to Q2 2016. |
Debt to Equity
Apache Corp., debt to equity calculation (quarterly data)
| Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | Jun 30, 2013 | Mar 31, 2013 | Dec 31, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | Dec 31, 2011 | Sep 30, 2011 | Jun 30, 2011 | Mar 31, 2011 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Current debt | —) | —) | 1) | —) | —) | 2,598) | —) | 20) | 1) | —) | 53) | 57) | 478) | 994) | 990) | 964) | 568) | 429) | 431) | 417) | 448) | 30) | |||||||
| Long-term debt, excluding current maturities | 8,719) | 8,718) | 8,777) | 8,777) | 9,676) | 9,675) | 11,245) | 10,902) | 9,674) | 9,673) | 9,672) | 10,868) | 12,297) | 11,485) | 11,355) | 10,670) | 9,670) | 7,444) | 6,785) | 6,785) | 7,404) | 8,130) | |||||||
| Total debt | 8,719) | 8,718) | 8,778) | 8,777) | 9,676) | 12,273) | 11,245) | 10,922) | 9,675) | 9,673) | 9,725) | 10,925) | 12,775) | 12,479) | 12,345) | 11,634) | 10,238) | 7,873) | 7,216) | 7,202) | 7,852) | 8,160) | |||||||
| Total Apache shareholders’ equity | 7,142) | 7,451) | 2,566) | 9,809) | 15,544) | 21,211) | 25,937) | 30,818) | 32,755) | 33,082) | 33,396) | 32,981) | 32,721) | 31,987) | 31,331) | 30,714) | 30,673) | 29,715) | 28,993) | 27,903) | 26,667) | 25,198) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Debt to equity1 | 1.22 | 1.17 | 3.42 | 0.89 | 0.62 | 0.58 | 0.43 | 0.35 | 0.30 | 0.29 | 0.29 | 0.33 | 0.39 | 0.39 | 0.39 | 0.38 | 0.33 | 0.26 | 0.25 | 0.26 | 0.29 | 0.32 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | |||||||||||||||||||||||||||||
| Chevron Corp. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Exxon Mobil Corp. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Texas Pacific Land Corp. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31).
1 Q2 2016 Calculation
Debt to equity = Total debt ÷ Total Apache shareholders’ equity
= 8,719 ÷ 7,142 = 1.22
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Apache Corp. debt to equity ratio improved from Q4 2015 to Q1 2016 but then slightly deteriorated from Q1 2016 to Q2 2016. |
Debt to Capital
Apache Corp., debt to capital calculation (quarterly data)
| Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | Jun 30, 2013 | Mar 31, 2013 | Dec 31, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | Dec 31, 2011 | Sep 30, 2011 | Jun 30, 2011 | Mar 31, 2011 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Current debt | —) | —) | 1) | —) | —) | 2,598) | —) | 20) | 1) | —) | 53) | 57) | 478) | 994) | 990) | 964) | 568) | 429) | 431) | 417) | 448) | 30) | |||||||
| Long-term debt, excluding current maturities | 8,719) | 8,718) | 8,777) | 8,777) | 9,676) | 9,675) | 11,245) | 10,902) | 9,674) | 9,673) | 9,672) | 10,868) | 12,297) | 11,485) | 11,355) | 10,670) | 9,670) | 7,444) | 6,785) | 6,785) | 7,404) | 8,130) | |||||||
| Total debt | 8,719) | 8,718) | 8,778) | 8,777) | 9,676) | 12,273) | 11,245) | 10,922) | 9,675) | 9,673) | 9,725) | 10,925) | 12,775) | 12,479) | 12,345) | 11,634) | 10,238) | 7,873) | 7,216) | 7,202) | 7,852) | 8,160) | |||||||
| Total Apache shareholders’ equity | 7,142) | 7,451) | 2,566) | 9,809) | 15,544) | 21,211) | 25,937) | 30,818) | 32,755) | 33,082) | 33,396) | 32,981) | 32,721) | 31,987) | 31,331) | 30,714) | 30,673) | 29,715) | 28,993) | 27,903) | 26,667) | 25,198) | |||||||
| Total capital | 15,861) | 16,169) | 11,344) | 18,586) | 25,220) | 33,484) | 37,182) | 41,740) | 42,430) | 42,755) | 43,121) | 43,906) | 45,496) | 44,466) | 43,676) | 42,348) | 40,911) | 37,588) | 36,209) | 35,105) | 34,519) | 33,358) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Debt to capital1 | 0.55 | 0.54 | 0.77 | 0.47 | 0.38 | 0.37 | 0.30 | 0.26 | 0.23 | 0.23 | 0.23 | 0.25 | 0.28 | 0.28 | 0.28 | 0.27 | 0.25 | 0.21 | 0.20 | 0.21 | 0.23 | 0.24 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | |||||||||||||||||||||||||||||
| Chevron Corp. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Exxon Mobil Corp. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Texas Pacific Land Corp. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31).
1 Q2 2016 Calculation
Debt to capital = Total debt ÷ Total capital
= 8,719 ÷ 15,861 = 0.55
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Apache Corp. debt to capital ratio improved from Q4 2015 to Q1 2016 but then slightly deteriorated from Q1 2016 to Q2 2016. |
Debt to Assets
Apache Corp., debt to assets calculation (quarterly data)
| Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | Jun 30, 2013 | Mar 31, 2013 | Dec 31, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | Dec 31, 2011 | Sep 30, 2011 | Jun 30, 2011 | Mar 31, 2011 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Current debt | —) | —) | 1) | —) | —) | 2,598) | —) | 20) | 1) | —) | 53) | 57) | 478) | 994) | 990) | 964) | 568) | 429) | 431) | 417) | 448) | 30) | |||||||
| Long-term debt, excluding current maturities | 8,719) | 8,718) | 8,777) | 8,777) | 9,676) | 9,675) | 11,245) | 10,902) | 9,674) | 9,673) | 9,672) | 10,868) | 12,297) | 11,485) | 11,355) | 10,670) | 9,670) | 7,444) | 6,785) | 6,785) | 7,404) | 8,130) | |||||||
| Total debt | 8,719) | 8,718) | 8,778) | 8,777) | 9,676) | 12,273) | 11,245) | 10,922) | 9,675) | 9,673) | 9,725) | 10,925) | 12,775) | 12,479) | 12,345) | 11,634) | 10,238) | 7,873) | 7,216) | 7,202) | 7,852) | 8,160) | |||||||
| Total assets | 24,346) | 24,734) | 18,842) | 27,812) | 35,312) | 48,650) | 55,952) | 60,990) | 61,171) | 61,121) | 61,637) | 60,239) | 63,350) | 61,792) | 60,737) | 58,810) | 57,217) | 53,237) | 52,051) | 47,482) | 46,529) | 44,866) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Debt to assets1 | 0.36 | 0.35 | 0.47 | 0.32 | 0.27 | 0.25 | 0.20 | 0.18 | 0.16 | 0.16 | 0.16 | 0.18 | 0.20 | 0.20 | 0.20 | 0.20 | 0.18 | 0.15 | 0.14 | 0.15 | 0.17 | 0.18 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | |||||||||||||||||||||||||||||
| Chevron Corp. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Exxon Mobil Corp. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Texas Pacific Land Corp. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31).
1 Q2 2016 Calculation
Debt to assets = Total debt ÷ Total assets
= 8,719 ÷ 24,346 = 0.36
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Apache Corp. debt to assets ratio improved from Q4 2015 to Q1 2016 but then slightly deteriorated from Q1 2016 to Q2 2016. |
Financial Leverage
Apache Corp., financial leverage calculation (quarterly data)
| Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | Jun 30, 2013 | Mar 31, 2013 | Dec 31, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | Dec 31, 2011 | Sep 30, 2011 | Jun 30, 2011 | Mar 31, 2011 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Total assets | 24,346) | 24,734) | 18,842) | 27,812) | 35,312) | 48,650) | 55,952) | 60,990) | 61,171) | 61,121) | 61,637) | 60,239) | 63,350) | 61,792) | 60,737) | 58,810) | 57,217) | 53,237) | 52,051) | 47,482) | 46,529) | 44,866) | |||||||
| Total Apache shareholders’ equity | 7,142) | 7,451) | 2,566) | 9,809) | 15,544) | 21,211) | 25,937) | 30,818) | 32,755) | 33,082) | 33,396) | 32,981) | 32,721) | 31,987) | 31,331) | 30,714) | 30,673) | 29,715) | 28,993) | 27,903) | 26,667) | 25,198) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Financial leverage1 | 3.41 | 3.32 | 7.34 | 2.84 | 2.27 | 2.29 | 2.16 | 1.98 | 1.87 | 1.85 | 1.85 | 1.83 | 1.94 | 1.93 | 1.94 | 1.91 | 1.87 | 1.79 | 1.80 | 1.70 | 1.74 | 1.78 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | |||||||||||||||||||||||||||||
| Chevron Corp. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Exxon Mobil Corp. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Texas Pacific Land Corp. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31).
1 Q2 2016 Calculation
Financial leverage = Total assets ÷ Total Apache shareholders’ equity
= 24,346 ÷ 7,142 = 3.41
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Apache Corp. financial leverage ratio decreased from Q4 2015 to Q1 2016 but then slightly increased from Q1 2016 to Q2 2016. |