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 15:04 |
| 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 here.
Analysis Model and Snowflake
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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
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 |