Holly Energy Partners Balance Sheet Health
Financial Health criteria checks 4/6
Holly Energy Partners has a total shareholder equity of $1.0B and total debt of $1.5B, which brings its debt-to-equity ratio to 143.2%. Its total assets and total liabilities are $2.7B and $1.7B respectively. Holly Energy Partners's EBIT is $250.8M making its interest coverage ratio 17.8. It has cash and short-term investments of $11.2M.
Key information
143.2%
Debt to equity ratio
US$1.47b
Debt
| Interest coverage ratio | 17.8x |
| Cash | US$11.22m |
| Equity | US$1.03b |
| Total liabilities | US$1.68b |
| Total assets | US$2.71b |
Recent financial health updates
Recent updates
Holly Energy Partners: Operational Excellence As Investment Thesis Strengthens
Oct 04Holly Energy Partners: Excellent Prospects Driven By High Economic Leverage On Capital Deployed
Sep 22Holly Energy Partners: High Yield But Sustainable
Jun 21Holly Energy Partners Q4 2022 Earnings Preview
Feb 23Holly Energy Partners declares $0.35 dividend
Jan 20Holly Energy Partners: The Scene Is Set For Higher Distributions
Jan 05Holly Energy Partners Q3 2022 Earnings Preview
Nov 04Holly Energy Partners declares $0.35 dividend
Oct 20Holly Energy Partners Q2 2022 Earnings Preview
Aug 05Holly Energy Partners declares $0.35 dividend
Jul 21Holly Energy Partners: Higher Yield Coming After Sinclair Acquisition, 10%+ Possible
May 11The 8.2% Distribution Yield Of Holly Energy Partners Is Ideal Amid High Inflation
Feb 24Holly Energy Partners: The Great Deal, Buy Their 8%+ Yield And Get Any Growth For Free
Dec 07All MLP Investors Should Have This Name In Their Portfolio: Holly Energy Partners
Sep 20The 6.5% Distribution Yield Of Holly Energy Partners Is Safe
Jul 21Holly Energy Partners: The 10% Yield Still Looking Healthy In 2021
Dec 21Holly Energy Partners upped at Credit Suisse on cash flow yield
Nov 10Financial Position Analysis
Short Term Liabilities: HEP's short term assets ($121.8M) exceed its short term liabilities ($106.3M).
Long Term Liabilities: HEP's short term assets ($121.8M) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: HEP's net debt to equity ratio (142.1%) is considered high.
Reducing Debt: HEP's debt to equity ratio has reduced from 243.8% to 143.2% over the past 5 years.
Debt Coverage: HEP's debt is well covered by operating cash flow (23.9%).
Interest Coverage: HEP's interest payments on its debt are well covered by EBIT (17.8x coverage).