Dynagas LNG Partners Balance Sheet Health
Financial Health criteria checks 2/6
Dynagas LNG Partners has a total shareholder equity of $448.2M and total debt of $420.2M, which brings its debt-to-equity ratio to 93.7%. Its total assets and total liabilities are $908.9M and $460.7M respectively. Dynagas LNG Partners's EBIT is $64.7M making its interest coverage ratio 2.1. It has cash and short-term investments of $89.4M.
Key information
93.7%
Debt to equity ratio
US$420.20m
Debt
| Interest coverage ratio | 2.1x |
| Cash | US$89.38m |
| Equity | US$448.24m |
| Total liabilities | US$460.67m |
| Total assets | US$908.91m |
Recent financial health updates
No updates
Recent updates
Dynagas LNG Partners: The Floating Rate Preferred Shares Currently Yield About 11%
Apr 14Dynagas LNG Partners: Parking Cash In The 9.4% Preferred Shares
Dec 11Will Dynagas's Common Unitholders Ever Get Paid?
Jul 21Dynagas LNG Partners LP Q3 2022 Earnings Preview
Dec 09Dynagas LNG Partners: Becoming Less And Less Interesting To Me
Sep 20Dynagas LNG Partners: With Less Power Comes Great Opportunity
Mar 04Dynagas LNG: The 8.75% And 9% Preferred Shares Remain Very Attractive
Jan 01DLNG: It Was Time To Say Goodbye, And Not "Good Buy"
Oct 08Dynagas LNG: I Avoid The Common Units But Like The 9% Preferred Shares
Sep 04Dynagas LNG Partners LP EPS beats by $0.02, beats on revenue
Jun 17Dynagas LNG: Will The Preferred Units Still Be The Place To Be Invested In?
Jun 10Dynagas LNG: Steady As She Goes
Dec 18Dynagas LNG Partners LP 2020 Q3 - Results - Earnings Call Presentation
Nov 16Dynagas: Unlocking Equity Value In Progress
Oct 29Financial Position Analysis
Short Term Liabilities: DLNG's short term assets ($105.3M) do not cover its short term liabilities ($458.8M).
Long Term Liabilities: DLNG's short term assets ($105.3M) exceed its long term liabilities ($1.9M).
Debt to Equity History and Analysis
Debt Level: DLNG's net debt to equity ratio (73.8%) is considered high.
Reducing Debt: DLNG's debt to equity ratio has reduced from 218.3% to 93.7% over the past 5 years.
Debt Coverage: DLNG's debt is not well covered by operating cash flow (15.3%).
Interest Coverage: DLNG's interest payments on its debt are not well covered by EBIT (2.1x coverage).