Hess Midstream Balance Sheet Health
Financial Health criteria checks 2/6
Hess Midstream has a total shareholder equity of $381.7M and total debt of $3.3B, which brings its debt-to-equity ratio to 871.2%. Its total assets and total liabilities are $3.9B and $3.5B respectively. Hess Midstream's EBIT is $850.2M making its interest coverage ratio 4.6. It has cash and short-term investments of $4.2M.
Key information
871.2%
Debt to equity ratio
US$3.33b
Debt
Interest coverage ratio | 4.6x |
Cash | US$4.20m |
Equity | US$381.70m |
Total liabilities | US$3.48b |
Total assets | US$3.86b |
Recent financial health updates
Is Hess Midstream (NYSE:HESM) A Risky Investment?
Dec 08Is Hess Midstream (NYSE:HESM) A Risky Investment?
Apr 19Is Hess Midstream (NYSE:HESM) A Risky Investment?
Dec 04Hess Midstream (NYSE:HESM) Has A Pretty Healthy Balance Sheet
Aug 17Recent updates
Shareholders Can Be Confident That Hess Midstream's (NYSE:HESM) Earnings Are High Quality
May 14Hess Midstream LP Just Missed Earnings - But Analysts Have Updated Their Models
Apr 28Hess Midstream: Q1 Results Suggest Growth Trajectory Is On Track
Apr 27An Intrinsic Calculation For Hess Midstream LP (NYSE:HESM) Suggests It's 25% Undervalued
Apr 11Hess Midstream Could Become An Acquisition Target
Mar 16Hess Midstream (NYSE:HESM) Will Pay A Larger Dividend Than Last Year At $0.6343
Feb 06Hess Midstream: A 7%-Yielding Billionaire-Like Income Play
Jan 29Hess Midstream: Taking To 'Hold' On Valuation And Parent Acquisition
Dec 19Is Hess Midstream (NYSE:HESM) A Risky Investment?
Dec 08Returns On Capital Are A Standout For Hess Midstream (NYSE:HESM)
Nov 17Hess Midstream Offers A Secure 8% Yield With Possible M&A Upside
Nov 07Hess Midstream Looks Well Positioned For 2024
Oct 04Hess Midstream: Best In Class With A Reliable Dividend
Sep 27Hess Midstream: An 8.3% Dividend Yield Is A Gift For Value Investors
Aug 26Hess Midstream's (NYSE:HESM) Upcoming Dividend Will Be Larger Than Last Year's
Jul 29Hess Midstream: Growing Value Through Dividend Increases And Share Repurchases
Jun 22Hess Corporation: Tough Headwinds On The Horizon
May 31Hess Midstream's (NYSE:HESM) Dividend Will Be Increased To $0.5851
Apr 28Is Hess Midstream (NYSE:HESM) A Risky Investment?
Apr 19Estimating The Fair Value Of Hess Midstream LP (NYSE:HESM)
Feb 22Hess Midstream: Attractive Dividend Growth Backed By Stable Earnings
Feb 16Hess Midstream: There For The Cash
Feb 09Hess Midstream Partners raises quarterly diviudend by 1.2% to $0.5696/share
Jan 23Returns on Capital Paint A Bright Future For Hess Midstream (NYSE:HESM)
Dec 26Is Hess Midstream (NYSE:HESM) A Risky Investment?
Dec 04An Intrinsic Calculation For Hess Midstream LP (NYSE:HESM) Suggests It's 21% Undervalued
Oct 27Hess Midstream Partners declares $0.5627 dividend
Oct 24Hess Midstream: Punching Above Their Weight
Oct 14Why We Like The Returns At Hess Midstream (NYSE:HESM)
Sep 19Hess Midstream: Financing Moves Rule
Sep 17Hess Midstream (NYSE:HESM) Has A Pretty Healthy Balance Sheet
Aug 17Hess Corporation: The Massive Stabroek Block Is A Good Stimulus
Aug 08Hess Midstream (NYSE:HESM) Has Announced That It Will Be Increasing Its Dividend To $0.5559
Jul 29Hess Midstream Partners raises dividend by 1.2% to $0.5559/share
Jul 25Financial Position Analysis
Short Term Liabilities: HESM's short term assets ($139.3M) do not cover its short term liabilities ($157.2M).
Long Term Liabilities: HESM's short term assets ($139.3M) do not cover its long term liabilities ($3.3B).
Debt to Equity History and Analysis
Debt Level: HESM's net debt to equity ratio (870.1%) is considered high.
Reducing Debt: HESM's debt to equity ratio has increased from 0.3% to 871.2% over the past 5 years.
Debt Coverage: HESM's debt is well covered by operating cash flow (25.7%).
Interest Coverage: HESM's interest payments on its debt are well covered by EBIT (4.6x coverage).