EnLink Midstream Balance Sheet Health
Financial Health criteria checks 1/6
EnLink Midstream has a total shareholder equity of $1.8B and total debt of $4.8B, which brings its debt-to-equity ratio to 268.1%. Its total assets and total liabilities are $7.9B and $6.1B respectively. EnLink Midstream's EBIT is $673.4M making its interest coverage ratio 2.5. It has cash and short-term investments of $10.4M.
Key information
268.1%
Debt to equity ratio
US$4.83b
Debt
| Interest coverage ratio | 2.5x |
| Cash | US$10.40m |
| Equity | US$1.80b |
| Total liabilities | US$6.08b |
| Total assets | US$7.88b |
Recent financial health updates
We Think EnLink Midstream (NYSE:ENLC) Is Taking Some Risk With Its Debt
Sep 28
Is EnLink Midstream (NYSE:ENLC) A Risky Investment?
Mar 12Recent updates
EnLink Midstream (NYSE:ENLC) Has Affirmed Its Dividend Of $0.1325
Oct 18We Think EnLink Midstream (NYSE:ENLC) Is Taking Some Risk With Its Debt
Sep 28EnLink Midstream (NYSE:ENLC) Is Experiencing Growth In Returns On Capital
Sep 09EnLink Midstream (NYSE:ENLC) Is Paying Out A Dividend Of $0.1325
Jul 27There's Been No Shortage Of Growth Recently For EnLink Midstream's (NYSE:ENLC) Returns On Capital
Jun 05A Look At The Fair Value Of EnLink Midstream, LLC (NYSE:ENLC)
May 04EnLink Midstream: A Mixed Q1 Given A Mixed Asset Base
May 03Industry Analysts Just Upgraded Their EnLink Midstream, LLC (NYSE:ENLC) Revenue Forecasts By 13%
Apr 19EnLink Midstream (NYSE:ENLC) Has Affirmed Its Dividend Of $0.1325
Apr 15EnLink 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 22EnLink Midstream: Deleveraging Itself And Driving Value Expansion
Dec 02EnLink Midstream: Low Yield, But Some Growth In CCS Business
Sep 11EnLink Midstream: Riding The Wave Of LNG Export Growth
Jun 27EnLink: Buy The Dip
Feb 24EnLink Midstream GAAP EPS of $0.33 beats by $0.15, revenue of $2.05B misses by $1.34B
Feb 14Financial Position Analysis
Short Term Liabilities: ENLC's short term assets ($728.0M) do not cover its short term liabilities ($1.7B).
Long Term Liabilities: ENLC's short term assets ($728.0M) do not cover its long term liabilities ($4.3B).
Debt to Equity History and Analysis
Debt Level: ENLC's net debt to equity ratio (267.6%) is considered high.
Reducing Debt: ENLC's debt to equity ratio has increased from 96.6% to 268.1% over the past 5 years.
Debt Coverage: ENLC's debt is well covered by operating cash flow (22.3%).
Interest Coverage: ENLC's interest payments on its debt are not well covered by EBIT (2.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 11:06 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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
EnLink Midstream, LLC is covered by 28 analysts. 5 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 |
| Christine Cho | Barclays |
| Dennis Coleman | BofA Global Research |