This company has been acquired
Magellan Midstream Partners Balance Sheet Health
Financial Health criteria checks 3/6
Magellan Midstream Partners has a total shareholder equity of $1.7B and total debt of $5.0B, which brings its debt-to-equity ratio to 290.7%. Its total assets and total liabilities are $7.6B and $5.9B respectively. Magellan Midstream Partners's EBIT is $1.1B making its interest coverage ratio 5.1. It has cash and short-term investments of $128.4M.
Key information
290.7%
Debt to equity ratio
US$4.98b
Debt
| Interest coverage ratio | 5.1x |
| Cash | US$128.40m |
| Equity | US$1.71b |
| Total liabilities | US$5.91b |
| Total assets | US$7.63b |
Recent financial health updates
No updates
Recent updates
Magellan Holders Now Own ONEOK; There Are Better Values In The Space
Sep 23Magellan Midstream: Overvalued, But Hold For Solid Dividend Yield
Aug 08ONEOK Is A Buy With Or Without Magellan Midstream
Jun 23Magellan Midstream: Long-Term Investors Should Reject The ONEOK Deal
Jun 178% Yielding Magellan Midstream Is A Dream Recession Retirement Strong Buy
Feb 02Magellan Midstream Partners declares $1.0475 dividend
Jan 24Magellan Midstream: A Worthy Portfolio Diversifier But Coverage Is Tight
Jan 048.5% Yielding Magellan Is The Gift That Keeps On Giving
Dec 22Better High Yield Buy: Magellan Midstream Or Plains?
Dec 07Magellan Midstream: 8% Yield With Buybacks And Low Leverage
Nov 07Magellan Midstream Partners Q3 2022 Earnings Preview
Oct 26Magellan Midstream Partners raises dividend by 1% to $1.0475
Oct 20Magellan Midstream Is A 9% Yield You Can Trust In These Crazy Times
Oct 06Magellan Midstream: Strong Yields Yes, But Not A Buy Now
Sep 13Magellan Midstream Partners: A Very Misunderstood Partnership
Aug 28Better High Yield Buy After Q2 Results: NuStar Or Magellan?
Aug 13Magellan Midstream Partners: Still Cheap And Still Buying Back Units
Aug 01Magellan Midstream Partners declares $1.0375 dividend
Jul 21Inflation Won't Interrupt Cash Flows For Magellan Midstream
Jul 08Use The Selloff To Buy Magellan Midstream As Unit Repurchases Accelerate
Jun 228% Yielding Magellan Midstream Can Help You Retire In Safety And Splendor
Jun 10Magellan Midstream Partners: Attractive, But Risky
May 12Magellan Midstream Partners: Former Bear Upgrades The Stock
Apr 11Magellan Midstream: The Safest 8.4% Yield On Wall Street Is Ready To Roar
Mar 11Magellan Midstream Partners Is An Under The Radar Investment
Feb 07Technical Update On Magellan Midstream Partners - 8.5%
Jan 22Magellan Midstream: Stepping Up Return Of Capital To Unitholders
Jan 13Magellan Midstream Partners: A Steady Income Stock To Buy In 2022
Jan 01Magellan Midstream: Your Opportunity Is Knocking On This High Yielder
Nov 29Magellan Midstream Partners: Who Wants To Become A High Yield MLP Investor?
Oct 24Magellan Midstream Partners LP Is A Buy Paying A 9% Yield
Oct 08A Continued Refined Products Demand Recovery Will Benefit Magellan Midstream
Sep 23Magellan Midstream Partners: Still Worth Their Pre-Covid-19 Price, Near 30% Upside
Sep 173 Reasons 8.5% Yielding Magellan Midstream Is A Rich Retirement Dream Stock
Aug 16Magellan Midstream Partners: Distributions Are Near Their Ceiling In The Age Of Electric Vehicles
Jul 15Magellan Midstream: An 8.11%-Yielder To Consider
Jun 19Why Magellan Midstream Partners May Soon Be Buying Back Units Hand-Over-Fist
May 04Magellan Midstream Partners Q1 2021 Earnings Preview
Apr 28Magellan Midstream sees distributions holding steady for rest of 2021
Feb 02Magellan Midstream Partners Q4 2020 Earnings Preview
Feb 01Financial Position Analysis
Short Term Liabilities: MMP's short term assets ($737.3M) exceed its short term liabilities ($681.1M).
Long Term Liabilities: MMP's short term assets ($737.3M) do not cover its long term liabilities ($5.2B).
Debt to Equity History and Analysis
Debt Level: MMP's net debt to equity ratio (283.2%) is considered high.
Reducing Debt: MMP's debt to equity ratio has increased from 215.5% to 290.7% over the past 5 years.
Debt Coverage: MMP's debt is well covered by operating cash flow (30.1%).
Interest Coverage: MMP's interest payments on its debt are well covered by EBIT (5.1x coverage).