Calumet Specialty Products Partners Balance Sheet Health
Financial Health criteria checks 0/6
Calumet Specialty Products Partners has a total shareholder equity of $-244.7M and total debt of $2.1B, which brings its debt-to-equity ratio to -847.1%. Its total assets and total liabilities are $2.8B and $3.0B respectively. Calumet Specialty Products Partners's EBIT is $263.2M making its interest coverage ratio 1.2. It has cash and short-term investments of $7.9M.
Key information
-847.1%
Debt to equity ratio
US$2.07b
Debt
| Interest coverage ratio | 1.2x |
| Cash | US$7.90m |
| Equity | -US$244.70m |
| Total liabilities | US$3.00b |
| Total assets | US$2.75b |
Recent financial health updates
No updates
Recent updates
Investors Will Want Calumet Specialty Products Partners' (NASDAQ:CLMT) Growth In ROCE To Persist
Apr 01
Calumet Specialty Products: Huge Increases In Cash Flows May Be Imminent [Downgrade]
Mar 18LVS Advisory - Calumet: Fits Firmly Within The 'Moderate Risk, High Reward' Portfolio Bucket
Feb 11Calumet Specialty Products: Falling Knifes And Investor Irrationality
Jan 29Calumet Specialty Products Blasted Off, The Cash Flow Went Solar
Aug 19Calumet Specialty Q2 2022 Earnings Preview
Aug 04The Final Countdown For Calumet Specialty Products' Launch Continues
Jul 29It's The Final Countdown For Calumet Specialty Products
May 16Calumet Specialty Products Partners, L.P. Always Landing On Its Feet
Mar 07Evaluating Calumet's Apparent Conservative Equity Valuation
Jan 28Calumet Specialty Products Calls All Aboard
Dec 08Frantic Buying At Calumet Specialty Products
Oct 21For Calumet, Progress Marches
Sep 01More About Calumet's Duo Threaded Growth Businesses
Jun 16Calumet Specialty EPS misses by $1.25, beats on revenue
May 07Calumet's Critical Fundaments Continue To Improve, Significantly
Jan 30Calumet makes Borgmann permanent CFO, lifting interim role
Jan 07Calumet Specialty EPS misses by $0.11, beats on revenue
Nov 06Navigating Calumet's Crossroads
Nov 02Financial Position Analysis
Short Term Liabilities: CLMT has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: CLMT has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: CLMT has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: CLMT's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: CLMT's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: CLMT's interest payments on its debt are not well covered by EBIT (1.2x coverage).