This company has been acquired
Shell Midstream Partners Balance Sheet Health
Financial Health criteria checks 2/6
Key information
-576.4%
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 19Biden turns to emergency powers to counter Colonial Pipeline disruption
May 10Shell Midstream Partners: Distributions Looking Health But Management Still Won't Commit
Dec 22Shell Midstream Partners earnings hit by the pandemic, storms
Oct 30Shell Midstream Partners Q3 2020 Earnings Preview
Oct 29Financial 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).