Summit Midstream Balance Sheet Health
Financial Health criteria checks 2/6
Summit Midstream has a total shareholder equity of $782.9M and total debt of $957.0M, which brings its debt-to-equity ratio to 122.2%. Its total assets and total liabilities are $2.0B and $1.2B respectively. Summit Midstream's EBIT is $70.0M making its interest coverage ratio 0.5. It has cash and short-term investments of $17.8M.
Key information
122.2%
Debt to equity ratio
US$956.97m
Debt
| Interest coverage ratio | 0.5x |
| Cash | US$17.84m |
| Equity | US$782.89m |
| Total liabilities | US$1.22b |
| Total assets | US$2.00b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: SMC's short term assets ($214.0M) do not cover its short term liabilities ($231.0M).
Long Term Liabilities: SMC's short term assets ($214.0M) do not cover its long term liabilities ($985.3M).
Debt to Equity History and Analysis
Debt Level: SMC's net debt to equity ratio (120%) is considered high.
Reducing Debt: SMC's debt to equity ratio has reduced from 129.7% to 122.2% 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: SMC has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if SMC has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.