This company has been acquired
Shell Midstream Partners Balance Sheet Health
Financial Health criteria checks 2/6
Shell Midstream Partners has a total shareholder equity of $-441.0M and total debt of $2.5B, which brings its debt-to-equity ratio to -576.4%. Its total assets and total liabilities are $2.2B and $2.7B respectively. Shell Midstream Partners's EBIT is $217.0M making its interest coverage ratio 9.4. It has cash and short-term investments of $325.0M.
Key information
-576.42%
Debt to equity ratio
US$2.54b
Debt
| Interest coverage ratio | 9.4x |
| Cash | US$325.00m |
| Equity | -US$441.00m |
| Total liabilities | US$2.67b |
| Total assets | US$2.23b |
Recent financial health updates
No updates
Recent updates
Shell Midstream Partners declares $0.30 dividend
Jul 21Shell Midstream Going Private Gives Investors A Low-Risk Opportunity
Jul 12Shell Midstream: Prime Assets, Subprime Valuation
Feb 02Shell Midstream Partners: Higher Distributions Would Do More Harm Than Good
Nov 22Shell Midstream Partners: Time To Buy With Dust Now Settling, Intrinsic Value 30%+ Higher
Sep 15Shell Midstream Cuts The Distribution
Aug 29Shell Midstream: Post Distribution Cut, Still A Wait And See
Jul 27Shell Midstream Partners: High Stakes For Their 13% Yield Heading Into Their Q2 Earnings
Jul 19Financial Position Analysis
Short Term Liabilities: SHLX has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: SHLX has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: SHLX has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: SHLX's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: SHLX's debt is well covered by operating cash flow (23.7%).
Interest Coverage: SHLX's interest payments on its debt are well covered by EBIT (9.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/10/19 21:24 |
| End of Day Share Price | 2022/10/18 00:00 |
| Earnings | 2022/06/30 |
| Annual Earnings | 2021/12/31 |
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
Shell Midstream Partners, L.P. is covered by 12 analysts. 3 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 |
|---|---|
| Brian Zarahn | Barclays |
| Derek Walker | BofA Global Research |
| Ryan Levine | Citigroup Inc |