MPLX Balance Sheet Health
Financial Health criteria checks 3/6
MPLX has a total shareholder equity of $13.6B and total debt of $20.4B, which brings its debt-to-equity ratio to 150.4%. Its total assets and total liabilities are $36.5B and $22.9B respectively. MPLX's EBIT is $4.3B making its interest coverage ratio 4.8. It has cash and short-term investments of $1.0B.
Key information
150.4%
Debt to equity ratio
US$20.43b
Debt
Interest coverage ratio | 4.8x |
Cash | US$1.05b |
Equity | US$13.58b |
Total liabilities | US$22.95b |
Total assets | US$36.53b |
Recent financial health updates
No updates
Recent updates
Upside Isn't Over For MPLX LP Yet
Apr 08MPLX: Upside Getting Squeezed But Still A Strong Income Play Yielding 8.32%
Mar 27MPLX: Expect Another Large Distribution Increase In 2024
Feb 23MPLX: 9% Yield, More Strong Earnings
Jan 19MPLX Is Positioned For Continued Dividend Growth
Dec 17MPLX: A 10% Yielding Rich Retirement Dream Machine
Nov 16'Buy Income' - MPLX's 9.4% Yield Is A Good Place To Start
Nov 06MPLX Continues Higher As Other High-Yielding Investments Decline
Oct 05MPLX LP: High And Sustainable Dividend Yield
Sep 26MPLX: Strong Performance Should Lead To A Hefty Distribution Increase
Aug 25A Warm November Rain (Increased Distributions) Awaits MPLX Investors
Aug 11MPLX: 9% Yield, Record Earnings
Jul 21MPLX: The Ultimate Buffett-Style 9.2% Yielding Retirement Dream Blue-Chip
Jun 15MPLX: A Hefty 9% Yield And Growth On Top Of That
Feb 15MPLX prices two-part notes offering totaling $1.6B
Feb 02MPLX declares $0.775 dividend
Jan 27MPLX: Both Roads Lead To Higher Distributions
Jan 1310%-Yielding MPLX: Now Is The Time To Buy
Dec 11MPLX Q3 2022 Earnings Preview
Oct 31Magnifying MPLX's Finances And Possible Growth
Oct 19MPLX: An Energy Play For The Looming Recession Supported By A 10% Yield
Sep 25MPLX: Higher Distributions Should Only Be Months Away
Aug 25MPLX to redeem $1B senior notes
Aug 15MPLX LP raises $1B debt capital
Aug 09MPLX Q2 2022 Earnings Preview
Aug 01MPLX: Midstream Risks Grow With Energy Demand Destruction
Jul 22MPLX: Buy This 10% Yield At A Steep Discount To Value
Jun 27MPLX: Buy The Dip On This 10% Yield
Jun 20MPLX Is A Very Safe 8.5% Yielding Retirement Dream Stock
Jun 03MPLX: A Special Investment - Part 3
May 14MPLX: 8% Yield, Strong Q1 2022 Earnings, 6.5% Dividend Growth
May 06MPLX: Boost Your Income With This 8% Yield
Apr 11MPLX: 9% Yield, 5% Dividend Growth In 2022, Undervalued
Mar 11MPLX: A Special Investment - Part 2
Feb 17MPLX: Expect 12% To 18%+ Of Your Capital Returned During 2022
Feb 07MPLX: A 9% Distribution For Yield Starved Investors
Jan 27MPLX: A Special Investment
Dec 21MPLX: 9.4% Yield, Are You Swimming In Cash?
Nov 18MPLX: Even More Distribution Growth Is Coming For This 9% Yield
Nov 04MPLX LP: 9% Yield, Strong Dividend Coverage, Price Targets Rising
Sep 26MPLX: All The Ingredients Needed For Higher Distributions
Aug 23MPLX: The 10% Yield Has Become Even More Attractive
Jul 21MPLX LP: 9% Yield, Outperforming, High Options Yields
May 30MPLX Q1 2021 Earnings Preview
May 03MPLX declares $0.6875 dividend
Apr 27MPLX CEO sees excess cash for 2021 with stock buybacks likely
Feb 02MPLX Q4 2020 Earnings Preview
Feb 01Financial Position Analysis
Short Term Liabilities: MPLX's short term assets ($2.8B) exceed its short term liabilities ($2.6B).
Long Term Liabilities: MPLX's short term assets ($2.8B) do not cover its long term liabilities ($20.3B).
Debt to Equity History and Analysis
Debt Level: MPLX's net debt to equity ratio (142.6%) is considered high.
Reducing Debt: MPLX's debt to equity ratio has increased from 98.3% to 150.4% over the past 5 years.
Debt Coverage: MPLX's debt is well covered by operating cash flow (26.4%).
Interest Coverage: MPLX's interest payments on its debt are well covered by EBIT (4.8x coverage).