EnLink Midstream Balance Sheet Health
Financial Health criteria checks 1/6
EnLink Midstream has a total shareholder equity of $2.6B and total debt of $4.6B, which brings its debt-to-equity ratio to 173.5%. Its total assets and total liabilities are $8.3B and $5.7B respectively. EnLink Midstream's EBIT is $713.2M making its interest coverage ratio 2.6. It has cash and short-term investments of $32.0M.
Key information
173.5%
Debt to equity ratio
US$4.57b
Debt
| Interest coverage ratio | 2.6x |
| Cash | US$32.00m |
| Equity | US$2.64b |
| Total liabilities | US$5.69b |
| Total assets | US$8.33b |
Recent financial health updates
Is EnLink Midstream (NYSE:ENLC) A Risky Investment?
Mar 12
EnLink Midstream (NYSE:ENLC) Takes On Some Risk With Its Use Of Debt
Nov 06Does EnLink Midstream (NYSE:ENLC) Have A Healthy Balance Sheet?
Aug 06Does EnLink Midstream (NYSE:ENLC) Have A Healthy Balance Sheet?
Apr 25Does EnLink Midstream (NYSE:ENLC) Have A Healthy Balance Sheet?
Jan 22Is EnLink Midstream (NYSE:ENLC) Using Too Much Debt?
Oct 23Recent updates
EnLink Midstream, LLC's (NYSE:ENLC) Earnings Haven't Escaped The Attention Of Investors
Mar 27Is EnLink Midstream (NYSE:ENLC) A Risky Investment?
Mar 12EnLink Midstream: Bullish Thesis Still Intact
Feb 26Newsflash: EnLink Midstream, LLC (NYSE:ENLC) Analysts Have Been Trimming Their Revenue Forecasts
Feb 26EnLink Midstream (NYSE:ENLC) Is Increasing Its Dividend To $0.1325
Jan 22Calculating The Intrinsic Value Of EnLink Midstream, LLC (NYSE:ENLC)
Jan 06EnLink Midstream, LLC's (NYSE:ENLC) Business Is Trailing The Market But Its Shares Aren't
Dec 22Do EnLink Midstream's (NYSE:ENLC) Earnings Warrant Your Attention?
Dec 07EnLink Midstream: Deleveraging Itself And Driving Value Expansion
Dec 02EnLink Midstream (NYSE:ENLC) Takes On Some Risk With Its Use Of Debt
Nov 06Is There An Opportunity With EnLink Midstream, LLC's (NYSE:ENLC) 43% Undervaluation?
Oct 05EnLink Midstream: Low Yield, But Some Growth In CCS Business
Sep 11What Does The Future Hold For EnLink Midstream, LLC (NYSE:ENLC)? These Analysts Have Been Cutting Their Estimates
Aug 12Does EnLink Midstream (NYSE:ENLC) Have A Healthy Balance Sheet?
Aug 06If EPS Growth Is Important To You, EnLink Midstream (NYSE:ENLC) Presents An Opportunity
Jul 21An Intrinsic Calculation For EnLink Midstream, LLC (NYSE:ENLC) Suggests It's 34% Undervalued
Jul 06EnLink Midstream: Riding The Wave Of LNG Export Growth
Jun 27Analysts Are More Bearish On EnLink Midstream, LLC (NYSE:ENLC) Than They Used To Be
May 07Does EnLink Midstream (NYSE:ENLC) Have A Healthy Balance Sheet?
Apr 25A Look At The Intrinsic Value Of EnLink Midstream, LLC (NYSE:ENLC)
Apr 07Do EnLink Midstream's (NYSE:ENLC) Earnings Warrant Your Attention?
Mar 17EnLink: Buy The Dip
Feb 24EnLink Midstream (NYSE:ENLC) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Feb 22EnLink Midstream GAAP EPS of $0.33 beats by $0.15, revenue of $2.05B misses by $1.34B
Feb 14Analysts Are Betting On EnLink Midstream, LLC (NYSE:ENLC) With A Big Upgrade This Week
Jan 25Does EnLink Midstream (NYSE:ENLC) Have A Healthy Balance Sheet?
Jan 22EnLink Midstream raises dividend by 11% to $0.125
Jan 19Calculating The Fair Value Of EnLink Midstream, LLC (NYSE:ENLC)
Dec 26EnLink Midstream: Set To Grow In 2023
Dec 13EnLink Midstream Q3 Earnings Preview
Oct 31Is EnLink Midstream (NYSE:ENLC) Using Too Much Debt?
Oct 23EnLink Midstream declares $0.1125 dividend
Oct 19EnLink Midstream: Firing On All Cylinders
Oct 11EnLink Midstream: Gassed Up For An Era Of Dividend Growth
Sep 02Is There An Opportunity With EnLink Midstream, LLC's (NYSE:ENLC) 31% Undervaluation?
Aug 30EnLink Midstream prices upsized $700M senior notes due 2030 offering
Aug 17EnLink Midstream: This 4.3%-Yielder Has A Lot To Like
Jul 28EnLink Midstream declares $0.1125 dividend
Jul 19Is EnLink Midstream (NYSE:ENLC) Using Too Much Debt?
Jul 12Financial Position Analysis
Short Term Liabilities: ENLC's short term assets ($838.3M) do not cover its short term liabilities ($993.6M).
Long Term Liabilities: ENLC's short term assets ($838.3M) do not cover its long term liabilities ($4.7B).
Debt to Equity History and Analysis
Debt Level: ENLC's net debt to equity ratio (172.3%) is considered high.
Reducing Debt: ENLC's debt to equity ratio has increased from 88.9% to 173.5% over the past 5 years.
Debt Coverage: ENLC's debt is well covered by operating cash flow (26.7%).
Interest Coverage: ENLC's interest payments on its debt are not well covered by EBIT (2.6x coverage).