This company has been acquired
Equitrans Midstream Balance Sheet Health
Financial Health criteria checks 0/6
Equitrans Midstream has a total shareholder equity of $2.2B and total debt of $7.9B, which brings its debt-to-equity ratio to 359.8%. Its total assets and total liabilities are $12.1B and $9.9B respectively. Equitrans Midstream's EBIT is $705.0M making its interest coverage ratio 1.5. It has cash and short-term investments of $141.9M.
Key information
359.8%
Debt to equity ratio
US$7.93b
Debt
| Interest coverage ratio | 1.5x |
| Cash | US$141.88m |
| Equity | US$2.20b |
| Total liabilities | US$9.92b |
| Total assets | US$12.12b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EQTN.P's short term assets ($451.0M) do not cover its short term liabilities ($662.3M).
Long Term Liabilities: EQTN.P's short term assets ($451.0M) do not cover its long term liabilities ($9.3B).
Debt to Equity History and Analysis
Debt Level: EQTN.P's net debt to equity ratio (353.4%) is considered high.
Reducing Debt: EQTN.P's debt to equity ratio has increased from 86.5% to 359.8% over the past 5 years.
Debt Coverage: EQTN.P's debt is not well covered by operating cash flow (11.7%).
Interest Coverage: EQTN.P's interest payments on its debt are not well covered by EBIT (1.5x coverage).