Calumet Balance Sheet Health
Financial Health criteria checks 0/6
Calumet has a total shareholder equity of $-426.6M and total debt of $2.1B, which brings its debt-to-equity ratio to -492.5%. Its total assets and total liabilities are $2.6B and $3.1B respectively. Calumet's EBIT is $64.4M making its interest coverage ratio 0.3. It has cash and short-term investments of $34.6M.
Key information
-492.5%
Debt to equity ratio
US$2.10b
Debt
| Interest coverage ratio | 0.3x |
| Cash | US$34.60m |
| Equity | -US$426.60m |
| Total liabilities | US$3.07b |
| Total assets | US$2.64b |
Recent financial health updates
Recent updates
Long-Term Investing In Calumet Specialty Products
Nov 17Is There An Opportunity With Calumet, Inc.'s (NASDAQ:CLMT) 26% Undervaluation?
Nov 11
There's No Escaping Calumet, Inc.'s (NASDAQ:CLMT) Muted Revenues Despite A 28% Share Price Rise
Oct 16Calumet: A Compelling Energy Transition Turnaround
Oct 16Calumet (NASDAQ:CLMT) Could Become A Multi-Bagger
Oct 04Calumet: Near Term Catalysts For A Pop
Sep 23Calumet, Inc. (NASDAQ:CLMT) Soars 43% But It's A Story Of Risk Vs Reward
Aug 30Calumet Converted To A C-Corp, So What's Next
Jul 25Little Excitement Around Calumet, Inc.'s (NASDAQ:CLMT) Revenues
Jul 16Financial 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.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: CLMT has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if CLMT has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 01:40 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Calumet, Inc. is covered by 18 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Richard Gross | Barclays |
| Jason Smith | BofA Global Research |
| Manav Gupta | Credit Suisse |