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 Equity Partners: Strong Value Potential As Acquisition Deal Is Finalizing
Sep 29Crestwood Equity To Become Part Of Energy Transfer Empire
Aug 17Crestwood: Marginally Weaker Quarter But Unchanged Thesis
Aug 01Crestwood Equity Partners: 10.2% Yield, 1.7x DCF Coverage, Low Valuation
Jun 07Crestwood Equity: Dealmaking Has Transformed The Company
Feb 17Crestwood Equity goes ex dividend monday
Feb 03Crestwood Equity: 9.5% Yield, Strong Distribution Coverage, Cheap Valuation
Jan 14Crestwood Equity Q3 2022 Earnings Preview
Nov 01Crestwood Equity declares $0.655 dividend
Oct 25Crestwood Equity Partners: The Numbers Are Not Stacking Up
Sep 27Crestwood announces common units secondary offering & concurrent common unit repurchase
Sep 12Crestwood Equity Q2 2022 Earnings Preview
Jul 25Crestwood Equity declares $0.655 dividend
Jul 14The Crestwood-Oasis Midstream Merger Is Interesting
Nov 30Crestwood: 8.7% Yield And 30% Upside With Accretive Acquisition Of Oasis Midstream
Oct 26Crestwood: Now Best In Class On Many Metrics
Jul 28Crestwood Equity Partners: Higher Distributions Could Follow Their Stagecoach Divestiture
Jul 15Crestwood: Selling Stagecoach At Expected Price
Jun 01Crestwood Equity Q1 2021 Earnings Preview
Apr 26Financial Position Analysis
Short Term Liabilities: CEQP's short term assets ($600.3M) exceed its short term liabilities ($458.1M).
Long Term Liabilities: CEQP's short term assets ($600.3M) do not cover its long term liabilities ($3.6B).
Debt to Equity History and Analysis
Debt Level: CEQP's net debt to equity ratio (144.3%) is considered high.
Reducing Debt: CEQP's debt to equity ratio has increased from 82.3% to 145.3% over the past 5 years.
Debt Coverage: CEQP's debt is not well covered by operating cash flow (16.4%).
Interest Coverage: CEQP'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 01:41 |
| End of Day Share Price | 2023/11/02 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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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
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 |