Calumet Balance Sheet Health
Financial Health criteria checks 2/6
Calumet has a total shareholder equity of $-487.1M and total debt of $2.2B, which brings its debt-to-equity ratio to -458.1%. Its total assets and total liabilities are $2.7B and $3.2B respectively. Calumet's EBIT is $79.1M making its interest coverage ratio 0.4. It has cash and short-term investments of $125.1M.
Key information
-458.14%
Debt to equity ratio
US$2.23b
Debt
| Interest coverage ratio | 0.4x |
| Cash | US$125.10m |
| Equity | -US$487.10m |
| Total liabilities | US$3.18b |
| Total assets | US$2.69b |
Recent financial health updates
Recent updates
Calumet, Inc. (NASDAQ:CLMT) Stock Rockets 26% But Many Are Still Ignoring The Company
Feb 05
Calumet: Specialty Products' Businesses Coming Together Financially
Jan 16The Market Lifts Calumet, Inc. (NASDAQ:CLMT) Shares 33% But It Can Do More
Sep 11Potential Upside For Calumet, Inc. (NASDAQ:CLMT) Not Without Risk
Jul 18Is There An Opportunity With Calumet, Inc.'s (NASDAQ:CLMT) 48% Undervaluation?
Jun 14
Sustainable Aviation Fuel Expansion Will Capture Future Market Opportunity
Accelerated renewables expansion and regulatory tailwinds drive higher margins, premium pricing, and stronger earnings outlook, particularly for sustainable aviation fuel and renewable diesel.Calumet's Businesses Firing Like A Cannon, Well, Even Much Closer (Update)
Apr 24It's Down 29% But Calumet, Inc. (NASDAQ:CLMT) Could Be Riskier Than It Looks
Apr 17Calumet's Businesses Firing Like A Cannon, Well, Close
Mar 11Calumet, Inc. (NASDAQ:CLMT) Could Be Riskier Than It Looks
Feb 04Update On Calumet, My Largest Investment
Jan 13The Returns On Capital At Calumet (NASDAQ:CLMT) Don't Inspire Confidence
Jan 12Long-Term Investing In Calumet Specialty Products
Nov 17Is There An Opportunity With Calumet, Inc.'s (NASDAQ:CLMT) 26% Undervaluation?
Nov 11There'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 30Financial 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: Whilst unprofitable CLMT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CLMT is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 19.5% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/03/30 05:31 |
| End of Day Share Price | 2026/03/27 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
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 |
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| 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.
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 Github.
Analyst Sources
Calumet, Inc. is covered by 14 analysts. 5 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 |
| Jennifer Fitzpatrick | BofA Global Research |
| Conor Fitzpatrick | BofA Global Research |