Martin Midstream Partners Balance Sheet Health
Financial Health criteria checks 0/6
Martin Midstream Partners has a total shareholder equity of $-61.3M and total debt of $469.3M, which brings its debt-to-equity ratio to -765%. Its total assets and total liabilities are $554.8M and $616.1M respectively. Martin Midstream Partners's EBIT is $138.9M making its interest coverage ratio 2.4. It has cash and short-term investments of $56.0K.
Key information
-765.0%
Debt to equity ratio
US$469.27m
Debt
| Interest coverage ratio | 2.4x |
| Cash | US$56.00k |
| Equity | -US$61.34m |
| Total liabilities | US$616.10m |
| Total assets | US$554.76m |
Recent financial health updates
No updates
Recent updates
Martin Midstream Partners: Increased Bid Likely Needed From Martin Resource Management
Sep 04Martin Midstream Partners Receives A Non-Binding Offer At $3.05 Per Unit
May 28Martin Midstream Partners: 2024 Is Expected To Be An Investment Year
Apr 04Martin Midstream Partners declares $0.005 dividend
Oct 19Martin Midstream Partners sells Stockton Sulfur Terminal
Oct 10Martin Midstream Partners: Significant Upside With A Successful Debt Refinancing
Sep 16Martin Midstream Partners reports Q2 results, raises 2022 adj. EBITDA guidance
Jul 20Martin Midstream Partners: Buy Before Their Distributions Surge Higher
Jul 13Martin Midstream Partners: A Potential Double Over The Next 3 Years
Jun 29Martin Midstream Partners: Improving Finances But Debt Still A Concern
Apr 21Martin Midstream Partners: Don't Follow The Leader
Mar 07Martin Midstream Partners: Continuing To Chip Away At Its Debt
Feb 17Martin Midstream Partners: Solid Recent Performance, But Distribution Increase Remains Unlikely Until 2024
Nov 27Martin Midstream Partners: Green Shoots Emerging, Recovery Starting
Sep 23Martin Midstream Partners: Solid Improvements, Now A Waiting Game For Multibagger Returns
Jun 29Martin Midstream Partners: Strong Start To 2021 Should Help It Maintain Compliance With Covenants
Apr 26Martin Midstream Partners sells Mega Lubricants unit in $22M deal
Dec 22Martin Midstream Partners (MMLP) Presents At 2020 Wells Fargo Midstream and Utility Symposium Conference - Slideshow
Dec 15Martin Midstream Partners: Big Improvements Helping A Potential Double-Digit Yield Comeback
Dec 14Martin Midstream Partners: Avoids Bankruptcy, But Distributions Likely To Remain Minimal Indefinitely
Dec 11Financial Position Analysis
Short Term Liabilities: MMLP has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: MMLP 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: MMLP has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: MMLP's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: MMLP's debt is not well covered by operating cash flow (8%).
Interest Coverage: MMLP's interest payments on its debt are not well covered by EBIT (2.4x coverage).