Hess Midstream Balance Sheet Health
Financial Health criteria checks 2/6
Hess Midstream has a total shareholder equity of $441.8M and total debt of $3.5B, which brings its debt-to-equity ratio to 789.9%. Its total assets and total liabilities are $4.1B and $3.7B respectively. Hess Midstream's EBIT is $886.1M making its interest coverage ratio 4.5. It has cash and short-term investments of $10.3M.
Key information
789.9%
Debt to equity ratio
US$3.49b
Debt
| Interest coverage ratio | 4.5x |
| Cash | US$10.30m |
| Equity | US$441.80m |
| Total liabilities | US$3.71b |
| Total assets | US$4.15b |
Recent financial health updates
Is Hess Midstream (NYSE:HESM) Using Too Much Debt?
Sep 14
Is Hess Midstream (NYSE:HESM) A Risky Investment?
Dec 08Is Hess Midstream (NYSE:HESM) A Risky Investment?
Apr 19Recent updates
Shareholders Will Be Pleased With The Quality of Hess Midstream's (NYSE:HESM) Earnings
Nov 13Hess Midstream's (NYSE:HESM) Shareholders Will Receive A Bigger Dividend Than Last Year
Nov 01Hess Midstream Operations Are Great And Overshadowed By The Acquisition
Oct 31Hess Midstream: Insider Sales Continue
Sep 20Is Hess Midstream (NYSE:HESM) Using Too Much Debt?
Sep 14An Intrinsic Calculation For Hess Midstream LP (NYSE:HESM) Suggests It's 30% Undervalued
Aug 22Hess Midstream LP's (NYSE:HESM) Earnings Haven't Escaped The Attention Of Investors
Jul 16Hess Midstream: One Of The Strongest Buys In The Midstream Space
Jul 14Hess Midstream: Beyond 7.3% Yield, A Perfect Investment For Income And Growth
Jun 08Shareholders Can Be Confident That Hess Midstream's (NYSE:HESM) Earnings Are High Quality
May 14Hess Midstream LP Just Missed Earnings - But Analysts Have Updated Their Models
Apr 28Hess Midstream: Q1 Results Suggest Growth Trajectory Is On Track
Apr 27An Intrinsic Calculation For Hess Midstream LP (NYSE:HESM) Suggests It's 25% Undervalued
Apr 11Hess Midstream Could Become An Acquisition Target
Mar 16Hess Midstream (NYSE:HESM) Will Pay A Larger Dividend Than Last Year At $0.6343
Feb 06Hess Midstream: A 7%-Yielding Billionaire-Like Income Play
Jan 29Hess Midstream: Taking To 'Hold' On Valuation And Parent Acquisition
Dec 19Is Hess Midstream (NYSE:HESM) A Risky Investment?
Dec 08Returns On Capital Are A Standout For Hess Midstream (NYSE:HESM)
Nov 17Hess Midstream Offers A Secure 8% Yield With Possible M&A Upside
Nov 07Hess Midstream Looks Well Positioned For 2024
Oct 04Hess Midstream: Best In Class With A Reliable Dividend
Sep 27Hess Midstream: An 8.3% Dividend Yield Is A Gift For Value Investors
Aug 26Hess Midstream's (NYSE:HESM) Upcoming Dividend Will Be Larger Than Last Year's
Jul 29Hess Midstream: Growing Value Through Dividend Increases And Share Repurchases
Jun 22Hess Corporation: Tough Headwinds On The Horizon
May 31Hess Midstream's (NYSE:HESM) Dividend Will Be Increased To $0.5851
Apr 28Is Hess Midstream (NYSE:HESM) A Risky Investment?
Apr 19Financial Position Analysis
Short Term Liabilities: HESM's short term assets ($154.2M) do not cover its short term liabilities ($220.9M).
Long Term Liabilities: HESM's short term assets ($154.2M) do not cover its long term liabilities ($3.5B).
Debt to Equity History and Analysis
Debt Level: HESM's net debt to equity ratio (787.6%) is considered high.
Reducing Debt: HESM's debt to equity ratio has increased from 0.4% to 789.9% over the past 5 years.
Debt Coverage: HESM's debt is well covered by operating cash flow (26.6%).
Interest Coverage: HESM's interest payments on its debt are well covered by EBIT (4.5x coverage).