Ecopetrol Financial Statements From 2010 to 2024

EC Stock  USD 10.80  0.23  2.09%   
Ecopetrol financial statements provide useful quarterly and yearly information to potential Ecopetrol SA ADR investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Ecopetrol financial statements helps investors assess Ecopetrol's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Ecopetrol's valuation are summarized below:
Gross Profit
81.4 T
Profit Margin
0.1332
Market Capitalization
22.2 B
Enterprise Value Revenue
0.0003
Revenue
143.1 T
We have found one hundred twenty available fundamental signals for Ecopetrol SA ADR, which can be analyzed and compared to other ratios and to its rivals. Investors should ensure to verify all of Ecopetrol's prevailing performance against the performance from 2010 to 2024 to make sure the company is sustainable down the road.
Check Ecopetrol financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Ecopetrol main balance sheet or income statement drivers, such as Depreciation And Amortization of 15 T, Interest Expense of 4.8 T or Selling General Administrative of 9.8 T, as well as many exotic indicators such as Short Term Coverage Ratios of 0.95, Price Earnings Ratio of 105 or Price To Sales Ratio of 16.19. Ecopetrol financial statements analysis is a perfect complement when working with Ecopetrol Valuation or Volatility modules.
  
This module can also supplement Ecopetrol's financial leverage analysis and stock options assessment as well as various Ecopetrol Technical models . Check out the analysis of Ecopetrol Correlation against competitors.

Ecopetrol Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Common Stock Shares Outstanding43.2 B41.1 B7.3 B
Slightly volatile
Total Assets296.4 T282.3 T159.7 T
Slightly volatile
Other Current Liabilities12.5 T11.9 T5.7 T
Pretty Stable
Total Current Liabilities45.7 T43.6 T24.3 T
Slightly volatile
Total Stockholder Equity57.1 T78.4 T57.7 T
Slightly volatile
Other Liabilities41.5 T39.6 T16.6 T
Slightly volatile
Property Plant And Equipment Net74.6 T96 T80.8 T
Slightly volatile
Accounts Payable8.5 T13.7 T9.3 T
Slightly volatile
Cash7.7 T12.3 T8.1 T
Slightly volatile
Non Current Assets Total111 T213.7 T118.3 T
Slightly volatile
Non Currrent Assets Other64.7 T61.6 T21.4 T
Slightly volatile
Other Assets20.8 T19.8 T9.6 T
Slightly volatile
Cash And Short Term Investments10.2 T14.2 T10.2 T
Slightly volatile
Net Receivables41 T39.1 T14.4 T
Slightly volatile
Common Stock Total Equity16.6 T28.8 T19.4 T
Slightly volatile
Short Term Investments1.8 T1.9 T2.1 T
Pretty Stable
Liabilities And Stockholders Equity296.4 T282.3 T159.7 T
Slightly volatile
Non Current Liabilities Total142.4 T135.6 T67.4 T
Slightly volatile
Inventory11.3 T10.8 T5.5 T
Slightly volatile
Other Current Assets2.8 T4.6 T3.5 T
Slightly volatile
Other Stockholder Equity6.3 T6.6 T15.7 T
Slightly volatile
Total Liabilities188.1 T179.2 T91.8 T
Slightly volatile
Property Plant And Equipment Gross173.8 T165.5 T94.3 T
Slightly volatile
Total Current Assets72 T68.6 T33.8 T
Slightly volatile
Intangible Assets21.9 T20.9 T5.3 T
Slightly volatile
Common Stock19 T28.8 T19.6 T
Slightly volatile
Property Plant Equipment173.8 T165.5 T76.3 T
Slightly volatile
Short and Long Term Debt Total111.1 T105.8 T52.1 T
Slightly volatile
Long Term Debt112.2 T106.9 T42.8 T
Slightly volatile
Good Will3.3 T4.6 T3.1 T
Very volatile
Short Term Debt16.3 T15.6 T6.5 T
Slightly volatile
Net Tangible Assets47 T58.9 T36.1 T
Slightly volatile
Long Term Investments13.4 T12.7 T5.1 T
Slightly volatile
Short and Long Term Debt26.8 T25.5 T7.7 T
Slightly volatile
Long Term Debt Total55.6 T106.9 T49.5 T
Slightly volatile
Capital Surpluse7.3 T7.6 T6.7 T
Slightly volatile
Cash And Equivalents18.6 T17.7 T6.5 T
Slightly volatile
Net Invested Capital137.1 T237.1 T116.8 T
Slightly volatile
Net Working Capital24.7 T23.6 T10.4 T
Slightly volatile
Capital Stock20 T22.5 T24.5 T
Slightly volatile

Ecopetrol Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization15 T14.3 T8.1 T
Slightly volatile
Selling General Administrative9.8 T9.3 T3.7 T
Slightly volatile
Selling And Marketing Expenses3.6 T3.4 T2.7 T
Slightly volatile
Total Revenue64.8 T123.1 T69.9 T
Slightly volatile
Gross Profit23.4 T31.8 T25.1 T
Slightly volatile
Other Operating Expenses105.2 T100.2 T54 T
Slightly volatile
Operating Income18.1 T23 T19.2 T
Slightly volatile
EBIT21.9 T23 T21.8 T
Slightly volatile
EBITDA28.7 T37.2 T29.3 T
Slightly volatile
Cost Of Revenue95.9 T91.4 T48.4 T
Slightly volatile
Total Operating Expenses4.8 T8.8 T5.2 T
Slightly volatile
Income Tax Expense14.2 T13.5 TT
Slightly volatile
Tax Provision19.8 T18.9 T6.1 T
Slightly volatile
Interest Income7.3 TT3.1 T
Slightly volatile
Reconciled Depreciation10.3 T13.9 T9.2 T
Slightly volatile

Ecopetrol Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow16.2 T15.4 T8.2 T
Slightly volatile
Capital Expenditures25.3 T24.1 T12.6 T
Slightly volatile
End Period Cash Flow7.4 T12.3 TT
Slightly volatile
Total Cash From Operating Activities16.8 T15.6 T17.4 T
Slightly volatile
Depreciation15 T14.3 TT
Slightly volatile
Change To Netincome27 T25.7 T8.3 T
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Short Term Coverage Ratios0.951.00238.4049
Slightly volatile
Price To Sales Ratio16.1915.41523.6492
Slightly volatile
Dividend Yield0.00280.00290.0608
Pretty Stable
Operating Cycle16715996.6236
Slightly volatile
Price Book Value Ratio25.4224.21124.9814
Slightly volatile
Days Of Payables Outstanding57.1354.758171.8747
Pretty Stable
Operating Cash Flow Per Share3603798.2 K
Pretty Stable
Price To Operating Cash Flows Ratio12812221.9734
Slightly volatile
Inventory Turnover11.338.493310.3286
Slightly volatile
Payables Turnover6.076.66575.4897
Slightly volatile
Operating Profit Margin0.310.18650.2702
Very volatile
Company Equity Multiplier1.863.60092.4703
Slightly volatile
Long Term Debt To Capitalization0.270.53230.3609
Slightly volatile
Cash Per Share3283454.5 K
Pretty Stable
Total Debt To Capitalization0.30.5720.3859
Slightly volatile
Interest Coverage2.472.599649.2633
Slightly volatile
Return On Capital Employed0.190.09620.1619
Pretty Stable
Debt Equity Ratio1.41.33660.8101
Slightly volatile
Ebit Per Revenue0.310.18650.2702
Very volatile
Quick Ratio1.161.22310.9856
Slightly volatile
Net Income Per E B T0.740.52980.6556
Pretty Stable
Cash Ratio0.430.28320.3827
Pretty Stable
Operating Cash Flow Sales Ratio0.120.12660.2617
Slightly volatile
Days Of Inventory Outstanding30.1442.975237.8254
Slightly volatile
Days Of Sales Outstanding12211657.7996
Slightly volatile
Cash Flow Coverage Ratios0.140.14881.0453
Slightly volatile
Price To Book Ratio25.4224.21124.9814
Slightly volatile
Current Ratio1.641.57511.3765
Slightly volatile
Fixed Asset Turnover1.251.28240.9817
Slightly volatile
Price Cash Flow Ratio12812221.9734
Slightly volatile
Enterprise Value Multiple56.1453.465811.9868
Slightly volatile
Debt Ratio0.210.37120.2772
Slightly volatile
Cash Flow To Debt Ratio0.140.14881.0453
Slightly volatile
Price Sales Ratio16.1915.41523.6492
Slightly volatile
Receivables Turnover2.993.14998.6064
Slightly volatile
Asset Turnover0.560.43620.4904
Slightly volatile
Gross Profit Margin0.40.2580.3566
Pretty Stable
Price Fair Value25.4224.21124.9814
Slightly volatile

Ecopetrol Fundamental Market Drivers

Forward Price Earnings5.7143
Cash And Short Term Investments14.2 T

Ecopetrol Upcoming Events

3rd of April 2024
Upcoming Quarterly Report
View
8th of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
3rd of April 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Ecopetrol Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Ecopetrol income statement, its balance sheet, and the statement of cash flows. Ecopetrol investors use historical funamental indicators, such as Ecopetrol's revenue or net income, to determine how well the company is positioned to perform in the future. Although Ecopetrol investors may use each financial statement separately, they are all related. The changes in Ecopetrol's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Ecopetrol's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Ecopetrol Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Ecopetrol. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2024
Current Deferred Revenue2.4 T2.8 T
Total Revenue123.1 T64.8 T
Cost Of Revenue91.4 T95.9 T
Ebit Per Revenue 0.19  0.31 

Pair Trading with Ecopetrol

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ecopetrol position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ecopetrol will appreciate offsetting losses from the drop in the long position's value.

Moving against Ecopetrol Stock

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The ability to find closely correlated positions to Ecopetrol could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ecopetrol when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ecopetrol - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ecopetrol SA ADR to buy it.
The correlation of Ecopetrol is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ecopetrol moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ecopetrol SA ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ecopetrol can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Ecopetrol SA ADR offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ecopetrol's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ecopetrol Sa Adr Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ecopetrol Sa Adr Stock:
Check out the analysis of Ecopetrol Correlation against competitors.
Note that the Ecopetrol SA ADR information on this page should be used as a complementary analysis to other Ecopetrol's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

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When running Ecopetrol's price analysis, check to measure Ecopetrol's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ecopetrol is operating at the current time. Most of Ecopetrol's value examination focuses on studying past and present price action to predict the probability of Ecopetrol's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ecopetrol's price. Additionally, you may evaluate how the addition of Ecopetrol to your portfolios can decrease your overall portfolio volatility.
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Is Ecopetrol's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ecopetrol. If investors know Ecopetrol will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ecopetrol listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.38)
Earnings Share
2.45
Revenue Per Share
34.8 K
Quarterly Revenue Growth
(0.12)
Return On Assets
0.0881
The market value of Ecopetrol SA ADR is measured differently than its book value, which is the value of Ecopetrol that is recorded on the company's balance sheet. Investors also form their own opinion of Ecopetrol's value that differs from its market value or its book value, called intrinsic value, which is Ecopetrol's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ecopetrol's market value can be influenced by many factors that don't directly affect Ecopetrol's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ecopetrol's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ecopetrol is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ecopetrol's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.