Ratios (Summary)

EOG Resources Inc., debt and solvency ratios

 
Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
Debt to equity 0.39 0.50 0.51 0.33 0.38
Debt to capital 0.28 0.33 0.34 0.25 0.28
Interest coverage 3.41 -4.53 -28.16 25.80 15.60

Source: Based on data from EOG Resources Inc. Annual Reports

Ratio Description The company
Debt-to-equity ratio A solvency ratio calculated as total debt divided by total shareholders' equity. EOG Resources Inc.'s debt-to-equity ratio improved from 2015 to 2016 and from 2016 to 2017.
Debt-to-capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders' equity. EOG Resources Inc.'s debt-to-capital ratio improved from 2015 to 2016 and from 2016 to 2017.
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. EOG Resources Inc.'s interest coverage ratio improved from 2015 to 2016 and from 2016 to 2017.

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Debt to Equity

EOG Resources Inc., debt to equity calculation, comparison to benchmarks

 
Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
Selected Financial Data (USD $ in thousands)
Current portion of long-term debt 356,235  6,579  6,579  6,579  6,579 
Long-term debt, excluding current portion 6,030,836  6,979,779  6,653,685  5,903,354  5,906,642 
Total debt 6,387,071  6,986,358  6,660,264  5,909,933  5,913,221 
Stockholders' equity 16,283,273  13,981,581  12,943,035  17,712,582  15,418,459 
Ratio
Debt to equity1 0.39 0.50 0.51 0.33 0.38
Benchmarks
Debt to Equity, Competitors
Chevron Corp. 0.26 0.32 0.25 0.18 0.14
ConocoPhillips 0.64 0.78 0.63 0.43 0.42
Exxon Mobil Corp. 0.23 0.26 0.23 0.17 0.13
Occidental Petroleum Corp. 0.48 0.46 0.34 0.20 0.16
Phillips 66 0.40 0.45 0.38 0.40 0.28
Debt to Equity, Sector
Oil & Gas Producers 0.30 0.35 0.30 0.22 0.18
Debt to Equity, Industry
Oil & Gas 0.38 0.44 0.40 0.30 0.27

Source: Based on data from EOG Resources Inc. Annual Reports

2017 Calculations

1 Debt to equity = Total debt ÷ Stockholders' equity
= 6,387,071 ÷ 16,283,273 = 0.39

Ratio Description The company
Debt-to-equity ratio A solvency ratio calculated as total debt divided by total shareholders' equity. EOG Resources Inc.'s debt-to-equity ratio improved from 2015 to 2016 and from 2016 to 2017.

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Debt to Capital

EOG Resources Inc., debt to capital calculation, comparison to benchmarks

 
Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
Selected Financial Data (USD $ in thousands)
Current portion of long-term debt 356,235  6,579  6,579  6,579  6,579 
Long-term debt, excluding current portion 6,030,836  6,979,779  6,653,685  5,903,354  5,906,642 
Total debt 6,387,071  6,986,358  6,660,264  5,909,933  5,913,221 
Stockholders' equity 16,283,273  13,981,581  12,943,035  17,712,582  15,418,459 
Total capital 22,670,344  20,967,939  19,603,299  23,622,515  21,331,680 
Ratio
Debt to capital1 0.28 0.33 0.34 0.25 0.28
Benchmarks
Debt to Capital, Competitors
Chevron Corp. 0.21 0.24 0.20 0.15 0.12
ConocoPhillips 0.39 0.44 0.38 0.30 0.29
Exxon Mobil Corp. 0.18 0.20 0.18 0.14 0.12
Occidental Petroleum Corp. 0.32 0.31 0.25 0.16 0.14
Phillips 66 0.29 0.31 0.28 0.29 0.22
Debt to Capital, Sector
Oil & Gas Producers 0.23 0.26 0.23 0.18 0.16
Debt to Capital, Industry
Oil & Gas 0.28 0.30 0.29 0.23 0.21

Source: Based on data from EOG Resources Inc. Annual Reports

2017 Calculations

1 Debt to capital = Total debt ÷ Total capital
= 6,387,071 ÷ 22,670,344 = 0.28

Ratio Description The company
Debt-to-capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders' equity. EOG Resources Inc.'s debt-to-capital ratio improved from 2015 to 2016 and from 2016 to 2017.

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Interest Coverage

EOG Resources Inc., interest coverage calculation, comparison to benchmarks

 
Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
Selected Financial Data (USD $ in thousands)
Net income (loss) 2,582,579  (1,096,686) (4,524,515) 2,915,487  2,197,109 
Add: Income tax expense (1,921,397) (460,819) (2,397,041) 2,079,828  1,239,777 
Add: Net interest expense 274,372  281,681  237,393  201,458  235,460 
Earnings before interest and tax (EBIT) 935,554  (1,275,824) (6,684,163) 5,196,773  3,672,346 
Ratio
Interest coverage1 3.41 -4.53 -28.16 25.80 15.60
Benchmarks
Interest Coverage, Competitors
Chevron Corp. 31.04 -9.75
ConocoPhillips -1.38 -3.44 -6.87 15.49 24.60
Exxon Mobil Corp. 32.07 18.59 71.63 181.52 6,413.33
Occidental Petroleum Corp. 4.85 -4.70 -63.46 21.19 83.01
Phillips 66 9.12 7.48 20.50 22.52 21.09
Interest Coverage, Sector
Oil & Gas Producers 11.06 0.73 5.79 71.65 102.41
Interest Coverage, Industry
Oil & Gas 6.27 -0.47 3.49 30.67 39.75

Source: Based on data from EOG Resources Inc. Annual Reports

2017 Calculations

1 Interest coverage = EBIT ÷ Interest expense
= 935,554 ÷ 274,372 = 3.41

Ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. EOG Resources Inc.'s interest coverage ratio improved from 2015 to 2016 and from 2016 to 2017.

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