Summit Midstream Balance Sheet Health
Financial Health criteria checks 1/6
Summit Midstream has a total shareholder equity of $975.4M and total debt of $1.2B, which brings its debt-to-equity ratio to 118.6%. Its total assets and total liabilities are $2.3B and $1.3B respectively. Summit Midstream's EBIT is $84.0M making its interest coverage ratio 0.6. It has cash and short-term investments of $344.6M.
Key information
118.6%
Debt to equity ratio
US$1.16b
Debt
Interest coverage ratio | 0.6x |
Cash | US$344.59m |
Equity | US$975.41m |
Total liabilities | US$1.35b |
Total assets | US$2.32b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SMC's short term assets ($420.6M) exceed its short term liabilities ($159.5M).
Long Term Liabilities: SMC's short term assets ($420.6M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: SMC's net debt to equity ratio (83.2%) is considered high.
Reducing Debt: SMC's debt to equity ratio has increased from 107.6% to 118.6% over the past 5 years.
Debt Coverage: SMC's debt is not well covered by operating cash flow (10.4%).
Interest Coverage: SMC's interest payments on its debt are not well covered by EBIT (0.6x coverage).