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)
ONEOK Inc., solvency ratios (quarterly data)
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | ONEOK Inc. debt to equity ratio improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
| Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | ONEOK Inc. debt to equity ratio (including operating lease liability) improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | ONEOK Inc. debt to capital ratio improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
| Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | ONEOK Inc. debt to capital ratio (including operating lease liability) improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | ONEOK Inc. debt to assets ratio improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | ONEOK Inc. debt to assets ratio (including operating lease liability) improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | ONEOK Inc. financial leverage ratio decreased from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | ONEOK Inc. interest coverage ratio improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
Debt to Equity
ONEOK Inc., debt to equity calculation (quarterly data)
| Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Current maturities of long-term debt | —) | 500) | 925) | 925) | 896) | 896) | 896) | 536) | 536) | 544) | 8) | 8) | 8) | 8) | 8) | 8) | 308) | 308) | 508) | 508) | 933) | 933) | |||||||
| Short-term borrowings | —) | —) | —) | 901) | —) | 78) | —) | —) | —) | —) | —) | —) | —) | —) | 220) | —) | —) | —) | —) | 120) | 156) | —) | |||||||
| Long-term debt, excluding current maturities | 12,742) | 12,728) | 12,696) | 11,951) | 12,873) | 12,750) | 12,748) | 13,640) | 13,638) | 13,639) | 14,228) | 14,249) | 14,276) | 14,147) | 12,480) | 12,479) | 10,754) | 10,004) | 8,873) | 8,326) | 7,091) | 7,092) | |||||||
| Total debt | 12,742) | 13,228) | 13,621) | 13,777) | 13,769) | 13,724) | 13,643) | 14,177) | 14,174) | 14,183) | 14,236) | 14,257) | 14,284) | 14,154) | 12,707) | 12,487) | 11,062) | 10,312) | 9,381) | 8,953) | 8,180) | 8,024) | |||||||
| Total ONEOK shareholders’ equity | 7,218) | 7,132) | 6,494) | 6,312) | 6,115) | 5,994) | 6,015) | 5,841) | 5,910) | 6,097) | 6,042) | 6,146) | 6,241) | 5,561) | 6,226) | 6,219) | 6,348) | 6,442) | 6,580) | 6,653) | 6,665) | 6,701) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Debt to equity1 | 1.77 | 1.85 | 2.10 | 2.18 | 2.25 | 2.29 | 2.27 | 2.43 | 2.40 | 2.33 | 2.36 | 2.32 | 2.29 | 2.55 | 2.04 | 2.01 | 1.74 | 1.60 | 1.43 | 1.35 | 1.23 | 1.20 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | |||||||||||||||||||||||||||||
| Chevron Corp. | 0.14 | 0.15 | 0.15 | 0.15 | 0.17 | 0.20 | 0.23 | 0.27 | 0.32 | 0.34 | 0.34 | 0.26 | 0.25 | 0.22 | 0.19 | 0.21 | 0.20 | 0.21 | — | — | — | — | |||||||
| ConocoPhillips | 0.35 | 0.35 | 0.35 | 0.35 | 0.34 | 0.38 | 0.44 | 0.45 | 0.45 | 0.46 | 0.51 | 0.50 | 0.48 | 0.48 | 0.43 | 0.42 | 0.45 | 0.45 | — | — | — | — | |||||||
| Exxon Mobil Corp. | 0.21 | 0.21 | 0.21 | 0.24 | 0.26 | 0.28 | 0.28 | 0.35 | 0.38 | 0.40 | 0.43 | 0.39 | 0.39 | 0.33 | 0.24 | 0.25 | 0.24 | 0.21 | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 1.06 | 1.02 | 0.96 | 1.02 | 1.02 | 1.11 | 0.97 | 0.97 | 0.98 | 1.50 | 1.42 | 1.42 | 1.35 | 1.31 | 0.86 | 0.85 | 0.83 | 0.83 | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 0.68 | 0.67 | 0.66 | 0.73 | 0.80 | 1.06 | 1.46 | 1.68 | 1.97 | 1.97 | 1.95 | 1.94 | 1.65 | 1.23 | 1.13 | 1.32 | 0.48 | 0.49 | — | — | — | — | |||||||
| Valero Energy Corp. | 0.44 | 0.46 | 0.49 | 0.53 | 0.61 | 0.70 | 0.75 | 0.81 | 0.83 | 0.82 | 0.78 | 0.79 | 0.64 | 0.61 | 0.44 | 0.45 | 0.44 | 0.47 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2023 Calculation
Debt to equity = Total debt ÷ Total ONEOK shareholders’ equity
= 12,742 ÷ 7,218 = 1.77
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. | ONEOK Inc. debt to equity ratio improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
Debt to Equity (including Operating Lease Liability)
ONEOK Inc., debt to equity (including operating lease liability) calculation (quarterly data)
| Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Current maturities of long-term debt | —) | 500) | 925) | 925) | 896) | 896) | 896) | 536) | 536) | 544) | 8) | 8) | 8) | 8) | 8) | 8) | 308) | 308) | 508) | 508) | 933) | 933) | |||||||
| Short-term borrowings | —) | —) | —) | 901) | —) | 78) | —) | —) | —) | —) | —) | —) | —) | —) | 220) | —) | —) | —) | —) | 120) | 156) | —) | |||||||
| Long-term debt, excluding current maturities | 12,742) | 12,728) | 12,696) | 11,951) | 12,873) | 12,750) | 12,748) | 13,640) | 13,638) | 13,639) | 14,228) | 14,249) | 14,276) | 14,147) | 12,480) | 12,479) | 10,754) | 10,004) | 8,873) | 8,326) | 7,091) | 7,092) | |||||||
| Total debt | 12,742) | 13,228) | 13,621) | 13,777) | 13,769) | 13,724) | 13,643) | 14,177) | 14,174) | 14,183) | 14,236) | 14,257) | 14,284) | 14,154) | 12,707) | 12,487) | 11,062) | 10,312) | 9,381) | 8,953) | 8,180) | 8,024) | |||||||
| Current operating lease liability | 12) | 12) | 12) | 12) | 12) | 13) | 14) | 14) | 15) | 13) | 14) | 14) | 14) | 13) | 2) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Noncurrent operating lease liability | 63) | 66) | 68) | 70) | 71) | 74) | 76) | 78) | 82) | 85) | 88) | 91) | 94) | 96) | 14) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Total debt (including operating lease liability) | 12,817) | 13,306) | 13,701) | 13,859) | 13,852) | 13,810) | 13,733) | 14,269) | 14,270) | 14,281) | 14,337) | 14,361) | 14,391) | 14,264) | 12,723) | 12,487) | 11,062) | 10,312) | 9,381) | 8,953) | 8,180) | 8,024) | |||||||
| Total ONEOK shareholders’ equity | 7,218) | 7,132) | 6,494) | 6,312) | 6,115) | 5,994) | 6,015) | 5,841) | 5,910) | 6,097) | 6,042) | 6,146) | 6,241) | 5,561) | 6,226) | 6,219) | 6,348) | 6,442) | 6,580) | 6,653) | 6,665) | 6,701) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Debt to equity (including operating lease liability)1 | 1.78 | 1.87 | 2.11 | 2.20 | 2.27 | 2.30 | 2.28 | 2.44 | 2.41 | 2.34 | 2.37 | 2.34 | 2.31 | 2.57 | 2.04 | 2.01 | 1.74 | 1.60 | 1.43 | 1.35 | 1.23 | 1.20 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | |||||||||||||||||||||||||||||
| Marathon Petroleum Corp. | 1.11 | 1.06 | 1.01 | 1.06 | 1.07 | 1.17 | 1.03 | 1.02 | 1.03 | 1.57 | 1.49 | 1.49 | 1.46 | 1.42 | 0.93 | 0.93 | 0.91 | 0.91 | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 0.71 | 0.70 | 0.69 | 0.76 | 0.83 | 1.09 | 1.49 | 1.72 | 2.02 | 2.02 | 2.01 | 2.00 | 1.70 | 1.27 | 1.17 | 1.35 | 0.51 | 0.52 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2023 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Total ONEOK shareholders’ equity
= 12,817 ÷ 7,218 = 1.78
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | ONEOK Inc. debt to equity ratio (including operating lease liability) improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
Debt to Capital
ONEOK Inc., debt to capital calculation (quarterly data)
| Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Current maturities of long-term debt | —) | 500) | 925) | 925) | 896) | 896) | 896) | 536) | 536) | 544) | 8) | 8) | 8) | 8) | 8) | 8) | 308) | 308) | 508) | 508) | 933) | 933) | |||||||
| Short-term borrowings | —) | —) | —) | 901) | —) | 78) | —) | —) | —) | —) | —) | —) | —) | —) | 220) | —) | —) | —) | —) | 120) | 156) | —) | |||||||
| Long-term debt, excluding current maturities | 12,742) | 12,728) | 12,696) | 11,951) | 12,873) | 12,750) | 12,748) | 13,640) | 13,638) | 13,639) | 14,228) | 14,249) | 14,276) | 14,147) | 12,480) | 12,479) | 10,754) | 10,004) | 8,873) | 8,326) | 7,091) | 7,092) | |||||||
| Total debt | 12,742) | 13,228) | 13,621) | 13,777) | 13,769) | 13,724) | 13,643) | 14,177) | 14,174) | 14,183) | 14,236) | 14,257) | 14,284) | 14,154) | 12,707) | 12,487) | 11,062) | 10,312) | 9,381) | 8,953) | 8,180) | 8,024) | |||||||
| Total ONEOK shareholders’ equity | 7,218) | 7,132) | 6,494) | 6,312) | 6,115) | 5,994) | 6,015) | 5,841) | 5,910) | 6,097) | 6,042) | 6,146) | 6,241) | 5,561) | 6,226) | 6,219) | 6,348) | 6,442) | 6,580) | 6,653) | 6,665) | 6,701) | |||||||
| Total capital | 19,960) | 20,360) | 20,115) | 20,089) | 19,883) | 19,718) | 19,659) | 20,017) | 20,084) | 20,279) | 20,278) | 20,403) | 20,525) | 19,715) | 18,933) | 18,706) | 17,410) | 16,754) | 15,961) | 15,606) | 14,845) | 14,726) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Debt to capital1 | 0.64 | 0.65 | 0.68 | 0.69 | 0.69 | 0.70 | 0.69 | 0.71 | 0.71 | 0.70 | 0.70 | 0.70 | 0.70 | 0.72 | 0.67 | 0.67 | 0.64 | 0.62 | 0.59 | 0.57 | 0.55 | 0.54 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | |||||||||||||||||||||||||||||
| Chevron Corp. | 0.12 | 0.13 | 0.13 | 0.13 | 0.15 | 0.17 | 0.18 | 0.22 | 0.24 | 0.26 | 0.25 | 0.21 | 0.20 | 0.18 | 0.16 | 0.17 | 0.16 | 0.18 | — | — | — | — | |||||||
| ConocoPhillips | 0.26 | 0.26 | 0.26 | 0.26 | 0.25 | 0.28 | 0.31 | 0.31 | 0.31 | 0.32 | 0.34 | 0.33 | 0.32 | 0.32 | 0.30 | 0.30 | 0.31 | 0.31 | — | — | — | — | |||||||
| Exxon Mobil Corp. | 0.17 | 0.17 | 0.17 | 0.20 | 0.21 | 0.22 | 0.22 | 0.26 | 0.28 | 0.29 | 0.30 | 0.28 | 0.28 | 0.25 | 0.20 | 0.20 | 0.19 | 0.18 | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 0.51 | 0.50 | 0.49 | 0.50 | 0.50 | 0.53 | 0.49 | 0.49 | 0.49 | 0.60 | 0.59 | 0.59 | 0.58 | 0.57 | 0.46 | 0.46 | 0.45 | 0.45 | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 0.41 | 0.40 | 0.40 | 0.42 | 0.44 | 0.51 | 0.59 | 0.63 | 0.66 | 0.66 | 0.66 | 0.66 | 0.62 | 0.55 | 0.53 | 0.57 | 0.32 | 0.33 | — | — | — | — | |||||||
| Valero Energy Corp. | 0.30 | 0.31 | 0.33 | 0.35 | 0.38 | 0.41 | 0.43 | 0.45 | 0.45 | 0.45 | 0.44 | 0.44 | 0.39 | 0.38 | 0.31 | 0.31 | 0.31 | 0.32 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 12,742 ÷ 19,960 = 0.64
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. | ONEOK Inc. debt to capital ratio improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
Debt to Capital (including Operating Lease Liability)
ONEOK Inc., debt to capital (including operating lease liability) calculation (quarterly data)
| Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Current maturities of long-term debt | —) | 500) | 925) | 925) | 896) | 896) | 896) | 536) | 536) | 544) | 8) | 8) | 8) | 8) | 8) | 8) | 308) | 308) | 508) | 508) | 933) | 933) | |||||||
| Short-term borrowings | —) | —) | —) | 901) | —) | 78) | —) | —) | —) | —) | —) | —) | —) | —) | 220) | —) | —) | —) | —) | 120) | 156) | —) | |||||||
| Long-term debt, excluding current maturities | 12,742) | 12,728) | 12,696) | 11,951) | 12,873) | 12,750) | 12,748) | 13,640) | 13,638) | 13,639) | 14,228) | 14,249) | 14,276) | 14,147) | 12,480) | 12,479) | 10,754) | 10,004) | 8,873) | 8,326) | 7,091) | 7,092) | |||||||
| Total debt | 12,742) | 13,228) | 13,621) | 13,777) | 13,769) | 13,724) | 13,643) | 14,177) | 14,174) | 14,183) | 14,236) | 14,257) | 14,284) | 14,154) | 12,707) | 12,487) | 11,062) | 10,312) | 9,381) | 8,953) | 8,180) | 8,024) | |||||||
| Current operating lease liability | 12) | 12) | 12) | 12) | 12) | 13) | 14) | 14) | 15) | 13) | 14) | 14) | 14) | 13) | 2) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Noncurrent operating lease liability | 63) | 66) | 68) | 70) | 71) | 74) | 76) | 78) | 82) | 85) | 88) | 91) | 94) | 96) | 14) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Total debt (including operating lease liability) | 12,817) | 13,306) | 13,701) | 13,859) | 13,852) | 13,810) | 13,733) | 14,269) | 14,270) | 14,281) | 14,337) | 14,361) | 14,391) | 14,264) | 12,723) | 12,487) | 11,062) | 10,312) | 9,381) | 8,953) | 8,180) | 8,024) | |||||||
| Total ONEOK shareholders’ equity | 7,218) | 7,132) | 6,494) | 6,312) | 6,115) | 5,994) | 6,015) | 5,841) | 5,910) | 6,097) | 6,042) | 6,146) | 6,241) | 5,561) | 6,226) | 6,219) | 6,348) | 6,442) | 6,580) | 6,653) | 6,665) | 6,701) | |||||||
| Total capital (including operating lease liability) | 20,035) | 20,438) | 20,195) | 20,171) | 19,967) | 19,804) | 19,748) | 20,110) | 20,180) | 20,378) | 20,380) | 20,508) | 20,632) | 19,825) | 18,949) | 18,706) | 17,410) | 16,754) | 15,961) | 15,606) | 14,845) | 14,726) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Debt to capital (including operating lease liability)1 | 0.64 | 0.65 | 0.68 | 0.69 | 0.69 | 0.70 | 0.70 | 0.71 | 0.71 | 0.70 | 0.70 | 0.70 | 0.70 | 0.72 | 0.67 | 0.67 | 0.64 | 0.62 | 0.59 | 0.57 | 0.55 | 0.54 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | |||||||||||||||||||||||||||||
| Marathon Petroleum Corp. | 0.53 | 0.52 | 0.50 | 0.51 | 0.52 | 0.54 | 0.51 | 0.50 | 0.51 | 0.61 | 0.60 | 0.60 | 0.59 | 0.59 | 0.48 | 0.48 | 0.48 | 0.48 | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 0.42 | 0.41 | 0.41 | 0.43 | 0.45 | 0.52 | 0.60 | 0.63 | 0.67 | 0.67 | 0.67 | 0.67 | 0.63 | 0.56 | 0.54 | 0.57 | 0.34 | 0.34 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2023 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 12,817 ÷ 20,035 = 0.64
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | ONEOK Inc. debt to capital ratio (including operating lease liability) improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
Debt to Assets
ONEOK Inc., debt to assets calculation (quarterly data)
| Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Current maturities of long-term debt | —) | 500) | 925) | 925) | 896) | 896) | 896) | 536) | 536) | 544) | 8) | 8) | 8) | 8) | 8) | 8) | 308) | 308) | 508) | 508) | 933) | 933) | |||||||
| Short-term borrowings | —) | —) | —) | 901) | —) | 78) | —) | —) | —) | —) | —) | —) | —) | —) | 220) | —) | —) | —) | —) | 120) | 156) | —) | |||||||
| Long-term debt, excluding current maturities | 12,742) | 12,728) | 12,696) | 11,951) | 12,873) | 12,750) | 12,748) | 13,640) | 13,638) | 13,639) | 14,228) | 14,249) | 14,276) | 14,147) | 12,480) | 12,479) | 10,754) | 10,004) | 8,873) | 8,326) | 7,091) | 7,092) | |||||||
| Total debt | 12,742) | 13,228) | 13,621) | 13,777) | 13,769) | 13,724) | 13,643) | 14,177) | 14,174) | 14,183) | 14,236) | 14,257) | 14,284) | 14,154) | 12,707) | 12,487) | 11,062) | 10,312) | 9,381) | 8,953) | 8,180) | 8,024) | |||||||
| Total assets | 24,038) | 24,464) | 24,379) | 24,439) | 24,527) | 23,993) | 23,622) | 23,872) | 23,437) | 23,180) | 23,079) | 22,781) | 22,992) | 21,969) | 21,812) | 21,336) | 19,752) | 18,934) | 18,232) | 17,911) | 16,914) | 16,432) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Debt to assets1 | 0.53 | 0.54 | 0.56 | 0.56 | 0.56 | 0.57 | 0.58 | 0.59 | 0.60 | 0.61 | 0.62 | 0.63 | 0.62 | 0.64 | 0.58 | 0.59 | 0.56 | 0.54 | 0.51 | 0.50 | 0.48 | 0.49 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | |||||||||||||||||||||||||||||
| Chevron Corp. | 0.09 | 0.09 | 0.09 | 0.09 | 0.10 | 0.12 | 0.13 | 0.16 | 0.18 | 0.19 | 0.18 | 0.16 | 0.15 | 0.14 | 0.11 | 0.13 | 0.12 | 0.13 | — | — | — | — | |||||||
| ConocoPhillips | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.20 | 0.22 | 0.23 | 0.23 | 0.24 | 0.25 | 0.24 | 0.24 | 0.23 | 0.21 | 0.21 | 0.21 | 0.21 | — | — | — | — | |||||||
| Exxon Mobil Corp. | 0.11 | 0.11 | 0.11 | 0.12 | 0.13 | 0.13 | 0.14 | 0.17 | 0.18 | 0.19 | 0.20 | 0.19 | 0.19 | 0.17 | 0.13 | 0.13 | 0.13 | 0.11 | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 0.32 | 0.31 | 0.30 | 0.30 | 0.28 | 0.29 | 0.30 | 0.31 | 0.30 | 0.37 | 0.37 | 0.38 | 0.38 | 0.37 | 0.29 | 0.29 | 0.29 | 0.29 | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 0.28 | 0.28 | 0.27 | 0.29 | 0.30 | 0.36 | 0.39 | 0.42 | 0.45 | 0.45 | 0.45 | 0.46 | 0.43 | 0.38 | 0.35 | 0.38 | 0.23 | 0.23 | — | — | — | — | |||||||
| Valero Energy Corp. | 0.19 | 0.19 | 0.19 | 0.20 | 0.20 | 0.22 | 0.24 | 0.26 | 0.26 | 0.27 | 0.28 | 0.29 | 0.26 | 0.24 | 0.18 | 0.19 | 0.18 | 0.19 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2023 Calculation
Debt to assets = Total debt ÷ Total assets
= 12,742 ÷ 24,038 = 0.53
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. | ONEOK Inc. debt to assets ratio improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
Debt to Assets (including Operating Lease Liability)
ONEOK Inc., debt to assets (including operating lease liability) calculation (quarterly data)
| Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Current maturities of long-term debt | —) | 500) | 925) | 925) | 896) | 896) | 896) | 536) | 536) | 544) | 8) | 8) | 8) | 8) | 8) | 8) | 308) | 308) | 508) | 508) | 933) | 933) | |||||||
| Short-term borrowings | —) | —) | —) | 901) | —) | 78) | —) | —) | —) | —) | —) | —) | —) | —) | 220) | —) | —) | —) | —) | 120) | 156) | —) | |||||||
| Long-term debt, excluding current maturities | 12,742) | 12,728) | 12,696) | 11,951) | 12,873) | 12,750) | 12,748) | 13,640) | 13,638) | 13,639) | 14,228) | 14,249) | 14,276) | 14,147) | 12,480) | 12,479) | 10,754) | 10,004) | 8,873) | 8,326) | 7,091) | 7,092) | |||||||
| Total debt | 12,742) | 13,228) | 13,621) | 13,777) | 13,769) | 13,724) | 13,643) | 14,177) | 14,174) | 14,183) | 14,236) | 14,257) | 14,284) | 14,154) | 12,707) | 12,487) | 11,062) | 10,312) | 9,381) | 8,953) | 8,180) | 8,024) | |||||||
| Current operating lease liability | 12) | 12) | 12) | 12) | 12) | 13) | 14) | 14) | 15) | 13) | 14) | 14) | 14) | 13) | 2) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Noncurrent operating lease liability | 63) | 66) | 68) | 70) | 71) | 74) | 76) | 78) | 82) | 85) | 88) | 91) | 94) | 96) | 14) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Total debt (including operating lease liability) | 12,817) | 13,306) | 13,701) | 13,859) | 13,852) | 13,810) | 13,733) | 14,269) | 14,270) | 14,281) | 14,337) | 14,361) | 14,391) | 14,264) | 12,723) | 12,487) | 11,062) | 10,312) | 9,381) | 8,953) | 8,180) | 8,024) | |||||||
| Total assets | 24,038) | 24,464) | 24,379) | 24,439) | 24,527) | 23,993) | 23,622) | 23,872) | 23,437) | 23,180) | 23,079) | 22,781) | 22,992) | 21,969) | 21,812) | 21,336) | 19,752) | 18,934) | 18,232) | 17,911) | 16,914) | 16,432) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Debt to assets (including operating lease liability)1 | 0.53 | 0.54 | 0.56 | 0.57 | 0.56 | 0.58 | 0.58 | 0.60 | 0.61 | 0.62 | 0.62 | 0.63 | 0.63 | 0.65 | 0.58 | 0.59 | 0.56 | 0.54 | 0.51 | 0.50 | 0.48 | 0.49 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | |||||||||||||||||||||||||||||
| Marathon Petroleum Corp. | 0.33 | 0.33 | 0.31 | 0.31 | 0.29 | 0.31 | 0.32 | 0.32 | 0.32 | 0.39 | 0.39 | 0.40 | 0.41 | 0.40 | 0.32 | 0.32 | 0.32 | 0.32 | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 0.29 | 0.29 | 0.29 | 0.30 | 0.31 | 0.37 | 0.40 | 0.43 | 0.46 | 0.47 | 0.47 | 0.47 | 0.44 | 0.39 | 0.37 | 0.39 | 0.24 | 0.25 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2023 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 12,817 ÷ 24,038 = 0.53
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | ONEOK Inc. debt to assets ratio (including operating lease liability) improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
Financial Leverage
ONEOK Inc., financial leverage calculation (quarterly data)
| Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Total assets | 24,038) | 24,464) | 24,379) | 24,439) | 24,527) | 23,993) | 23,622) | 23,872) | 23,437) | 23,180) | 23,079) | 22,781) | 22,992) | 21,969) | 21,812) | 21,336) | 19,752) | 18,934) | 18,232) | 17,911) | 16,914) | 16,432) | |||||||
| Total ONEOK shareholders’ equity | 7,218) | 7,132) | 6,494) | 6,312) | 6,115) | 5,994) | 6,015) | 5,841) | 5,910) | 6,097) | 6,042) | 6,146) | 6,241) | 5,561) | 6,226) | 6,219) | 6,348) | 6,442) | 6,580) | 6,653) | 6,665) | 6,701) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Financial leverage1 | 3.33 | 3.43 | 3.75 | 3.87 | 4.01 | 4.00 | 3.93 | 4.09 | 3.97 | 3.80 | 3.82 | 3.71 | 3.68 | 3.95 | 3.50 | 3.43 | 3.11 | 2.94 | 2.77 | 2.69 | 2.54 | 2.45 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | |||||||||||||||||||||||||||||
| Chevron Corp. | 1.59 | 1.60 | 1.62 | 1.64 | 1.68 | 1.70 | 1.72 | 1.77 | 1.82 | 1.83 | 1.82 | 1.69 | 1.67 | 1.64 | 1.65 | 1.65 | 1.64 | 1.66 | — | — | — | — | |||||||
| ConocoPhillips | 1.89 | 1.91 | 1.95 | 1.93 | 1.87 | 1.90 | 2.00 | 1.98 | 1.93 | 1.94 | 2.10 | 2.05 | 2.00 | 2.08 | 2.02 | 2.00 | 2.16 | 2.18 | — | — | — | — | |||||||
| Exxon Mobil Corp. | 1.82 | 1.86 | 1.89 | 1.99 | 2.07 | 2.10 | 2.01 | 2.10 | 2.13 | 2.13 | 2.12 | 2.02 | 2.01 | 1.95 | 1.89 | 1.89 | 1.88 | 1.86 | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 3.36 | 3.24 | 3.24 | 3.41 | 3.68 | 3.79 | 3.26 | 3.16 | 3.26 | 4.01 | 3.84 | 3.74 | 3.56 | 3.58 | 2.93 | 2.91 | 2.83 | 2.84 | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 2.45 | 2.42 | 2.41 | 2.51 | 2.67 | 2.98 | 3.69 | 4.01 | 4.38 | 4.34 | 4.31 | 4.25 | 3.83 | 3.25 | 3.19 | 3.48 | 2.10 | 2.09 | — | — | — | — | |||||||
| Valero Energy Corp. | 2.35 | 2.41 | 2.59 | 2.71 | 3.07 | 3.21 | 3.14 | 3.13 | 3.14 | 3.01 | 2.75 | 2.69 | 2.47 | 2.53 | 2.47 | 2.43 | 2.44 | 2.44 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2023 Calculation
Financial leverage = Total assets ÷ Total ONEOK shareholders’ equity
= 24,038 ÷ 7,218 = 3.33
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. | ONEOK Inc. financial leverage ratio decreased from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
Interest Coverage
ONEOK Inc., interest coverage calculation (quarterly data)
| Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Net income (loss) attributable to ONEOK | 468) | 1,049) | 485) | 432) | 414) | 391) | 379) | 392) | 342) | 386) | 308) | 312) | 134) | (142) | 320) | 309) | 312) | 337) | 293) | 313) | 281) | 265) | |||||||
| Add: Net income attributable to noncontrolling interest | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | 1) | 1) | 2) | |||||||
| Add: Income tax expense | 145) | 330) | 142) | 132) | 131) | 122) | 130) | 122) | 110) | 122) | 95) | 107) | 43) | (55) | 98) | 97) | 99) | 78) | 97) | 103) | 88) | 76) | |||||||
| Add: Interest expense, net of capitalized interest | 180) | 166) | 166) | 167) | 171) | 172) | 178) | 184) | 185) | 186) | 177) | 176) | 219) | 141) | 129) | 130) | 117) | 115) | 118) | 122) | 113) | 116) | |||||||
| Earnings before interest and tax (EBIT) | 793) | 1,545) | 793) | 731) | 716) | 686) | 688) | 698) | 637) | 694) | 580) | 595) | 396) | (57) | 548) | 536) | 528) | 531) | 508) | 539) | 483) | 458) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Interest coverage1 | 5.69 | 5.65 | 4.33 | 4.10 | 3.95 | 3.77 | 3.71 | 3.57 | 3.46 | 2.99 | 2.13 | 2.23 | 2.30 | 3.01 | 4.36 | 4.37 | 4.45 | 4.39 | 4.23 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Interest Coverage, Competitors2 | |||||||||||||||||||||||||||||
| Chevron Corp. | 87.36 | 102.29 | 97.27 | 86.49 | 68.50 | 44.87 | 31.39 | 19.12 | 8.50 | -11.85 | -9.69 | -21.04 | -14.24 | 8.79 | 7.94 | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 28.69 | 33.08 | 36.07 | 33.30 | 28.10 | 22.60 | 15.38 | 9.41 | 4.77 | 1.17 | -2.90 | 0.04 | 5.13 | 8.06 | 13.24 | — | — | — | — | — | — | — | |||||||
| Exxon Mobil Corp. | 85.62 | 108.93 | 94.68 | 88.00 | 68.10 | 42.27 | 33.98 | -5.84 | -14.48 | -20.45 | -23.94 | 4.96 | 10.25 | 18.27 | 25.16 | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 9.99 | 15.23 | 14.71 | 12.90 | 9.58 | 5.07 | 3.30 | 1.15 | -2.26 | -8.10 | -10.03 | -9.54 | -7.01 | -1.05 | 1.17 | — | — | — | — | — | — | — | |||||||
| Valero Energy Corp. | 26.87 | 33.17 | 28.24 | 22.38 | 16.53 | 6.90 | 3.56 | 0.45 | -1.73 | 0.30 | -2.57 | 1.46 | 4.55 | 2.92 | 8.68 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2023 Calculation
Interest coverage
= (EBITQ2 2023
+ EBITQ1 2023
+ EBITQ4 2022
+ EBITQ3 2022)
÷ (Interest expenseQ2 2023
+ Interest expenseQ1 2023
+ Interest expenseQ4 2022
+ Interest expenseQ3 2022)
= (793 + 1,545 + 793 + 731)
÷ (180 + 166 + 166 + 167)
= 5.69
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | ONEOK Inc. interest coverage ratio improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |