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Occidental Petroleum Corp. (OXY) | Long-term Debt and Solvency Analysis

Solvency ratios also known as long-term debt ratios measure a company's ability to meet long-term obligations.


Ratios (Summary)

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Occidental Petroleum Corp., debt and solvency ratios

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    Dec 31, 2011 Dec 31, 2010 Dec 31, 2009 Dec 31, 2008 Dec 31, 2007
chart Debt to equity
chart Debt to capital
chart Interest coverage

Source: Based on data from Occidental Petroleum Corp. Annual Reports

Ratio Description The company
Debt-to-equity ratio A solvency ratio calculated as total debt divided by total shareholders' equity. Occidental Petroleum Corp.'s debt-to-equity ratio deteriorated from 2009 to 2010 but then slightly improved from 2010 to 2011.
Debt-to-capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders' equity. Occidental Petroleum Corp.'s debt-to-capital ratio deteriorated from 2009 to 2010 but then slightly improved from 2010 to 2011.
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Occidental Petroleum Corp.'s interest coverage ratio improved from 2009 to 2010 but then slightly deteriorated from 2010 to 2011 not reaching 2009 level.

Debt to Equity

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    Dec 31, 2011 Dec 31, 2010 Dec 31, 2009 Dec 31, 2008 Dec 31, 2007
  Selected Financial Data (USD $ in millions)
chart Current maturities of long-term debt
chart Long-term debt, net
chart Total debt
chart Equity attributable to common stock
  Debt to Equity, Comparison to Industry
chart Occidental Petroleum Corp.1
  Industry, Oil & Gas

Source: Based on data from Occidental Petroleum Corp. Annual Reports

2011 Calculations

1 Debt to equity = Total debt ÷ Equity attributable to common stock
= ÷ =

Ratio Description The company
Debt-to-equity ratio A solvency ratio calculated as total debt divided by total shareholders' equity. Occidental Petroleum Corp.'s debt-to-equity ratio deteriorated from 2009 to 2010 but then slightly improved from 2010 to 2011.

Debt to Capital

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    Dec 31, 2011 Dec 31, 2010 Dec 31, 2009 Dec 31, 2008 Dec 31, 2007
  Selected Financial Data (USD $ in millions)
chart Current maturities of long-term debt
chart Long-term debt, net
chart Total debt
chart Equity attributable to common stock
chart Total capital
  Debt to Capital, Comparison to Industry
chart Occidental Petroleum Corp.1
  Industry, Oil & Gas

Source: Based on data from Occidental Petroleum Corp. Annual Reports

2011 Calculations

1 Debt to capital = Total debt ÷ Total capital
= ÷ =

Ratio Description The company
Debt-to-capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders' equity. Occidental Petroleum Corp.'s debt-to-capital ratio deteriorated from 2009 to 2010 but then slightly improved from 2010 to 2011.

Interest Coverage

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    Dec 31, 2011 Dec 31, 2010 Dec 31, 2009 Dec 31, 2008 Dec 31, 2007
  Selected Financial Data (USD $ in millions)
chart Net income attributable to common stock
chart Add: Net income attributable to noncontrolling interest
chart Add: Interest and debt expense, net
chart Add: Income tax expense (benefit)
chart Earnings before interest and tax (EBIT)
  Interest Coverage, Comparison to Industry
chart Occidental Petroleum Corp.1
  Industry, Oil & Gas

Source: Based on data from Occidental Petroleum Corp. Annual Reports

2011 Calculations

1 Interest coverage = EBIT ÷ Interest expense
= ÷ =

Ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Occidental Petroleum Corp.'s interest coverage ratio improved from 2009 to 2010 but then slightly deteriorated from 2010 to 2011 not reaching 2009 level.

May 23, 2012

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