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Occidental Petroleum Debt-to-EBITDA

: 0.87 (As of Jun. 2022)
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Debt-to-EBITDA measures a company's ability to pay off its debt.

Occidental Petroleum's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $637.00 Mil. Occidental Petroleum's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $22,332.00 Mil. Occidental Petroleum's annualized EBITDA for the quarter that ended in Jun. 2022 was $26,508.00 Mil. Occidental Petroleum's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2022 was 0.87.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Occidental Petroleum's Debt-to-EBITDA or its related term are showing as below:

OXY.WS' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -6.03   Med: 1.13   Max: 5.3
Current: 1.18

During the past 13 years, the highest Debt-to-EBITDA Ratio of Occidental Petroleum was 5.30. The lowest was -6.03. And the median was 1.13.

OXY.WS's Debt-to-EBITDA is ranked better than
64.8% of 716 companies
in the Oil & Gas industry
Industry Median: 2.13 vs OXY.WS: 1.18

Occidental Petroleum Debt-to-EBITDA Historical Data

The historical data trend for Occidental Petroleum's Debt-to-EBITDA 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.

* Premium members only.

Occidental Petroleum Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Debt-to-EBITDA
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.73 1.03 5.30 -6.03 2.21

Occidental Petroleum Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Debt-to-EBITDA Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.39 2.27 1.73 1.38 0.87

Competitive Comparison

For the Oil & Gas E&P subindustry, Occidental Petroleum's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.

   

Occidental Petroleum Debt-to-EBITDA Distribution

For the Oil & Gas industry and Energy sector, Occidental Petroleum's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Occidental Petroleum's Debt-to-EBITDA falls into.



Occidental Petroleum Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Occidental Petroleum's Debt-to-EBITDA for the fiscal year that ended in Dec. 2021 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(372 + 30016) / 13766
=2.21

Occidental Petroleum's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2022 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(637 + 22332) / 26508
=0.87

* 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.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Jun. 2022) EBITDA data.


Occidental Petroleum  (NYSE:OXY.WS) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Occidental Petroleum Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Occidental Petroleum's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.


Occidental Petroleum Business Description

Occidental Petroleum logo
Address
5 Greenway Plaza, Suite 110, Houston, TX, USA, 77046
Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2021, the company reported net proved reserves of 3.5 billion barrels of oil equivalent. Net production averaged 1,174 thousand barrels of oil equivalent per day in 2021 at a ratio of 75% oil and natural gas liquids and 25% natural gas.
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