NGL Energy Partners Balance Sheet Health
Financial Health criteria checks 3/6
NGL Energy Partners has a total shareholder equity of $736.6M and total debt of $3.1B, which brings its debt-to-equity ratio to 424.9%. Its total assets and total liabilities are $4.9B and $4.2B respectively. NGL Energy Partners's EBIT is $266.7M making its interest coverage ratio 0.9. It has cash and short-term investments of $4.5M.
Key information
424.9%
Debt to equity ratio
US$3.13b
Debt
| Interest coverage ratio | 0.9x |
| Cash | US$4.50m |
| Equity | US$736.61m |
| Total liabilities | US$4.15b |
| Total assets | US$4.89b |
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 11NGL Energy Partners: New Distribution Might Have To Go As Well
Oct 28Financial Position Analysis
Short Term Liabilities: NGL's short term assets ($1.0B) exceed its short term liabilities ($829.0M).
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 (424.3%) is considered high.
Reducing Debt: NGL's debt to equity ratio has increased from 115.8% to 424.9% 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 51.1% per year.