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 LP: Better Opportunities Elsewhere
Jan 04Martin 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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/06 06:28 |
| End of Day Share Price | 2025/01/06 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 |
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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 here.
Analysis Model and Snowflake
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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
Martin Midstream Partners L.P. is covered by 14 analysts. 2 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 |
|---|---|
| Ethan Bellamy | Baird |
| Robert Balsamo | B. Riley Securities, Inc. |
| Kyle May | Capital One Securities, Inc. |