This company has been acquired
Crestwood Equity Partners Balance Sheet Health
Financial Health criteria checks 1/6
Crestwood Equity Partners has a total shareholder equity of $2.3B and total debt of $3.3B, which brings its debt-to-equity ratio to 145.3%. Its total assets and total liabilities are $6.4B and $4.1B respectively. Crestwood Equity Partners's EBIT is $362.1M making its interest coverage ratio 1.6. It has cash and short-term investments of $23.8M.
Key information
145.3%
Debt to equity ratio
US$3.30b
Debt
| Interest coverage ratio | 1.6x |
| Cash | US$23.80m |
| Equity | US$2.27b |
| Total liabilities | US$4.09b |
| Total assets | US$6.36b |
Recent financial health updates
Recent updates
Crestwood: Small Delay In Volume Growth Should Correct This Quarter And Next
Nov 02Go With The Flow: Outperforming Energy Preferreds From Crestwood And DCP Midstream, Yielding 8-9%
Oct 16Crestwood Equity Partners: Unique Preferred Units, 9% Yield, Strong Coverage
Sep 23Crestwood: Busy Afternoon
Sep 13Crestwood: Winter Weather Impacted The Quarter But Investment Thesis Intact
Jul 26Crestwood: Flurry Of Deals That Clean Up The Portfolio
May 27Crestwood Equity Partners: 8.7% Yield And Growing
Apr 26Crestwood Equity Partners: New Era Of Distribution Growth Possibly Beginning
Apr 07Crestwood Equity Partners: Cash Keeps Flowing
Feb 22Crestwood Equity: This 9.92%-Yielder Is Poised For Massive Growth In The Bakken
Dec 25Crestwood 9.25% Preferred: Fantastic Yield, Low Risk, And Call Protection
Sep 17Preferred Shares To Hold Forever: Crestwood And RLJ Lodging, Yields Up To 10.7%
Dec 14Financial Position Analysis
Short Term Liabilities: CEQP.PR's short term assets ($600.3M) exceed its short term liabilities ($458.1M).
Long Term Liabilities: CEQP.PR's short term assets ($600.3M) do not cover its long term liabilities ($3.6B).
Debt to Equity History and Analysis
Debt Level: CEQP.PR's net debt to equity ratio (144.3%) is considered high.
Reducing Debt: CEQP.PR's debt to equity ratio has increased from 82.3% to 145.3% over the past 5 years.
Debt Coverage: CEQP.PR's debt is not well covered by operating cash flow (16.4%).
Interest Coverage: CEQP.PR's interest payments on its debt are not well covered by EBIT (1.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/11/04 20:38 |
| End of Day Share Price | 2023/11/03 00:00 |
| Earnings | 2023/09/30 |
| Annual Earnings | 2022/12/31 |
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
Crestwood Equity Partners LP is covered by 16 analysts. 3 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 |
| Heejung Ryoo | Barclays |
| Dennis Coleman | BofA Global Research |