ECEcopetrol S.A.
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (A) and typical volatility.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -73% · now 7% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can EC take a bad year?
Ecopetrol S.A. carries $107.17T of net debt at 2.02× EBITDA: a load its earnings can carry.
Net debt · as at Q4 2023 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 2.02×
Net debt / EBITDA
- Interest cover
- 4.54×
Interest cover · operating profit covers the interest bill, with room to spare
- Annualised volatility
- 38%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ4 2023
- $121.37T
- Cash and short-term investments
- $14.20T
- Net debt
- $107.17T
- EBITDA, trailing twelve months
- $53.11T
- Operating profit, trailing twelve months
- $39.67T
- Debt / equity
- 1.60×
- Total debt / EBITDA
- 2.29×
- Annualised volatilitytwo years of daily moves
- 38%
- Worst drawdown on file
- −73%
- Below its 52-week high
- 7.2%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Oil & Gas Integrated
Ranks #6 of 12 by RyuScore