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Marathon PetroleumMPC -0.68%57 Cash-to-Debt is 0.23 as of Jun. 2026, which is 35% above its 10-year median of 0.17. GuruFocus rates MPC with a GF Score™ of 57/100 and a GF Value™ of $231.54 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 984 Oil & Gas companies, Marathon Petroleum ranks worse than 66.97% on this metric.
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Marathon Petroleum's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.23.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Marathon Petroleumcouldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Marathon Petroleum's Cash-to-Debt or its related term are showing as below:
MPC'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.17 Max: 0.58
Current: 0.23
During the past 13 years, Marathon Petroleum's highest Cash to Debt Ratio was 0.58. The lowest was 0.01. And the median was 0.17.
MPC's Cash-to-Debt is ranked worse than 66.97% of 984
companies
in the Oil & Gas industry
Industry Median: 0.54
vs MPC: 0.23
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
Marathon Petroleum Cash-to-Debt Related Terms
Marathon Petroleum Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Marathon Petroleum's Cash-to-Debt can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
For the Oil & Gas Refining & Marketing subindustry, Marathon Petroleum's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Marathon Petroleum Cash-to-Debt vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Marathon Petroleum's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Marathon Petroleum's Cash-to-Debt falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Marathon Petroleum (MPC) has a Cash-to-Debt of 0.23 as of Jun. 2026. This is 35% above median its historical median of 0.17. Over the past decade, Marathon Petroleum's Cash-to-Debt has ranged from 0.01 to 0.58. According to the industry distribution chart, Marathon Petroleum ranks #659 out of 984 companies in the Oil & Gas industry, placing it in the top 67%.
Is Marathon Petroleum's Cash-to-Debt too high?
Marathon Petroleum's current Cash-to-Debt of 0.23 is 35% above median its 10-year median of 0.17. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.58. The Oil & Gas industry median Cash-to-Debt is 0.54. Marathon Petroleum's value of 0.23 is 57.4% below this industry median. Based on the distribution chart, Marathon Petroleum ranks #659 out of 984 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Marathon Petroleum has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Marathon Petroleum's Cash-to-Debt compare to VLO and PSX?
According to the Oil & Gas industry distribution chart, Marathon Petroleum ranks #659 out of 984 companies for Cash-to-Debt. This places Marathon Petroleum in the lower half of its industry. The industry median Cash-to-Debt is 0.54. Marathon Petroleum's value of 0.23 is 57.4% below this benchmark. Historically, Marathon Petroleum's own Cash-to-Debt has ranged from 0.01 to 0.58 over the past decade. While the company's 10-year median is 0.17 vs. the industry median of 0.54, Marathon Petroleum has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for an Oil & Gas company?
The median Cash-to-Debt among Oil & Gas companies is 0.54, based on 984 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Marathon Petroleum's current Cash-to-Debt of 0.23 is 57.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median Cash-to-Debt is 0.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marathon Petroleum's current Cash-to-Debt is 0.23, which is 35% above median its own 10-year median of 0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marathon Petroleum stock overvalued right now?
Based on GuruFocus' analysis, Marathon Petroleum (MPC) is currently considered Significantly Overvalued. The stock's GF Value™ is $231.54, compared to a current price of $360.07 — trading 55.5% above its estimated fair value. The current Cash-to-Debt is 0.23, which is 35% above median its 10-year median of 0.17 and 57.4% below the Oil & Gas industry median of 0.54. Marathon Petroleum's overall GF Score™ is 57/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Marathon Petroleum (MPC), the current Cash-to-Debt is 0.23 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Marathon Petroleum (MPC) Overvalued in 2026?
Based on GuruFocus' analysis, Marathon Petroleum stock appears to be overvalued.
The current stock price of $360.07 is trading 55.5% above its estimated GF Value™ of $231.54.
GuruFocus considers Marathon Petroleum to be Significantly Overvalued.
Key valuation signals for MPC:
Cash-to-Debt: 0.23 (35% above median its 10-year median of 0.17)
GF Value™: $231.54 vs. price of $360.07 (55.5% above fair value)
Industry Position: 57.4% below the Oil & Gas median (#659 of 984)
No single metric tells the full story. See the MPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Marathon Petroleum is a leading integrated downstream and midstream energy company that operates 13 refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States with an aggregate crude oil refining capacity of 3.0 million barrels per day. The company is one of the largest producers of renewable diesel in the US; its Dickinson, North Dakota facility has the capacity to produce 184 million gallons per year, and its Martinez, California, joint venture facility (a 50/50 partnership with Neste) reached its full capacity of 730 million gallons per year in late 2024. Marathon also owns the general partner and approximately 64% of MPLX LP, a large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets.
57GF Score
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