EnLink Midstream Balance Sheet Health
Financial Health criteria checks 1/6
EnLink Midstream has a total shareholder equity of $2.5B and total debt of $4.6B, which brings its debt-to-equity ratio to 179.9%. Its total assets and total liabilities are $8.1B and $5.6B respectively. EnLink Midstream's EBIT is $688.3M making its interest coverage ratio 2.6. It has cash and short-term investments of $21.1M.
Key information
179.9%
Debt to equity ratio
US$4.57b
Debt
Interest coverage ratio | 2.6x |
Cash | US$21.10m |
Equity | US$2.54b |
Total liabilities | US$5.59b |
Total assets | US$8.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0E41's short term assets ($712.1M) do not cover its short term liabilities ($913.0M).
Long Term Liabilities: 0E41's short term assets ($712.1M) do not cover its long term liabilities ($4.7B).
Debt to Equity History and Analysis
Debt Level: 0E41's net debt to equity ratio (179.1%) is considered high.
Reducing Debt: 0E41's debt to equity ratio has increased from 87.9% to 179.9% over the past 5 years.
Debt Coverage: 0E41's debt is well covered by operating cash flow (27.2%).
Interest Coverage: 0E41's interest payments on its debt are not well covered by EBIT (2.6x coverage).