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Total S.A. (TOT) | 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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Total S.A., 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 Total S.A. Annual Reports

Ratio Description The company
Debt-to-equity ratio A solvency ratio calculated as total debt divided by total shareholders' equity. Total S.A.'s debt-to-equity ratio deteriorated from 2009 to 2010 but then improved from 2010 to 2011 exceeding 2009 level.
Debt-to-capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders' equity. Total S.A.'s debt-to-capital ratio deteriorated from 2009 to 2010 but then improved from 2010 to 2011 exceeding 2009 level.
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Total S.A.'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, translated from EUR €)
chart Current borrowings
chart Non-current financial debt
chart Total debt
chart Shareholders’ equity, Group share
  Debt to Equity, Comparison to Industry
chart Total S.A.1
  Industry, Oil & Gas

Source: Based on data from Total S.A. Annual Reports

2011 Calculations

1 Debt to equity = Total debt ÷ Shareholders’ equity, Group share
= ÷ =

Ratio Description The company
Debt-to-equity ratio A solvency ratio calculated as total debt divided by total shareholders' equity. Total S.A.'s debt-to-equity ratio deteriorated from 2009 to 2010 but then improved from 2010 to 2011 exceeding 2009 level.

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, translated from EUR €)
chart Current borrowings
chart Non-current financial debt
chart Total debt
chart Shareholders’ equity, Group share
chart Total capital
  Debt to Capital, Comparison to Industry
chart Total S.A.1
  Industry, Oil & Gas

Source: Based on data from Total S.A. 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. Total S.A.'s debt-to-capital ratio deteriorated from 2009 to 2010 but then improved from 2010 to 2011 exceeding 2009 level.

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, translated from EUR €)
chart Group share in consolidated net income
chart Add: Non-controlling interests in consolidated net income
chart Add: Financial interest on debt
chart Add: Income tax expense (benefit)
chart Earnings before interest and tax (EBIT)
  Interest Coverage, Comparison to Industry
chart Total S.A.1
  Industry, Oil & Gas

Source: Based on data from Total S.A. 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. Total S.A.'s interest coverage ratio improved from 2009 to 2010 but then slightly deteriorated from 2010 to 2011 not reaching 2009 level.

May 24, 2012

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