Equitrans Midstream Balance Sheet Health
Financial Health criteria checks 0/6
Equitrans Midstream has a total shareholder equity of $2.2B and total debt of $7.8B, which brings its debt-to-equity ratio to 351.5%. Its total assets and total liabilities are $11.8B and $9.6B respectively. Equitrans Midstream's EBIT is $656.0M making its interest coverage ratio 1.5. It has cash and short-term investments of $51.3M.
Key information
351.5%
Debt to equity ratio
US$7.79b
Debt
| Interest coverage ratio | 1.5x |
| Cash | US$51.29m |
| Equity | US$2.22b |
| Total liabilities | US$9.63b |
| Total assets | US$11.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 37W's short term assets ($362.0M) do not cover its short term liabilities ($576.2M).
Long Term Liabilities: 37W's short term assets ($362.0M) do not cover its long term liabilities ($9.1B).
Debt to Equity History and Analysis
Debt Level: 37W's net debt to equity ratio (349.2%) is considered high.
Reducing Debt: 37W's debt to equity ratio has increased from 109.5% to 351.5% over the past 5 years.
Debt Coverage: 37W's debt is not well covered by operating cash flow (12.4%).
Interest Coverage: 37W's interest payments on its debt are not well covered by EBIT (1.5x coverage).