NGL Energy Partners Balance Sheet Health
Financial Health criteria checks 3/6
NGL Energy Partners has a total shareholder equity of $714.1M and total debt of $3.1B, which brings its debt-to-equity ratio to 432.4%. Its total assets and total liabilities are $4.8B and $4.1B respectively. NGL Energy Partners's EBIT is $248.1M making its interest coverage ratio 0.8. It has cash and short-term investments of $5.7M.
Key information
432.4%
Debt to equity ratio
US$3.09b
Debt
| Interest coverage ratio | 0.8x |
| Cash | US$5.68m |
| Equity | US$714.06m |
| Total liabilities | US$4.13b |
| Total assets | US$4.85b |
Recent financial health updates
No updates
Recent updates
NGL: It's All About Water. Common And Preferred Units Still Buys
Aug 13NGL Energy Partners: Preferreds Going To Current Yield, Upside Now In The Common
Apr 11NGL Energy Partners: A Hold With Decent Potential
Jan 05NGL Energy Partners: Improved Business Performance, But Risk Remains
Oct 04NGL Energy: Not Worth The Risks And Uncertainties
Jul 20NGL Energy Partners redeems $203.4M senior notes
Feb 23NGL Energy Partners GAAP EPS of $0.19 misses by $0.01, revenue of $2.14B misses by $490M
Feb 09NGL Energy Partners: Despite Good News, Future Is Bleak For Common Unitholders
Jan 31NGL Energy: Preferreds Get An Upgrade
Dec 26NGL Energy Partners GAAP EPS of -$0.21, revenue of $2B
Nov 09NGL Energy: Divergence
Sep 25NGL Energy: Pain Ahead, Sell Common And Preferreds
Jun 06NGL Energy Partners: Lower Guidance Is Fully Offset By Asset Sales
Mar 24NGL Energy Partners LP: Expect Preferred Dividend By 2024
Feb 09NGL Energy Partners LP: Free Cash Flow Will Allow The Company To Delever In The Next 3 Years
Aug 30NGL Energy: It Could Have Been Worse
Aug 11Financial Position Analysis
Short Term Liabilities: NGL's short term assets ($1.0B) exceed its short term liabilities ($846.5M).
Long Term Liabilities: NGL's short term assets ($1.0B) do not cover its long term liabilities ($3.3B).
Debt to Equity History and Analysis
Debt Level: NGL's net debt to equity ratio (431.6%) is considered high.
Reducing Debt: NGL's debt to equity ratio has increased from 118.8% to 432.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable NGL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: NGL is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 43.8% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/18 20:00 |
| End of Day Share Price | 2025/02/18 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/03/31 |
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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 Github.
Analyst Sources
NGL Energy Partners LP is covered by 20 analysts. 2 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 |
| Brian Zarahn | Barclays |
| Dennis Coleman | BofA Global Research |