Suburban Propane Partners, L.P.

NYSE:SPH Stock Report

Market Cap: US$1.2b

Suburban Propane Partners Balance Sheet Health

Financial Health criteria checks 1/6

Suburban Propane Partners has a total shareholder equity of $607.2M and total debt of $1.3B, which brings its debt-to-equity ratio to 221.8%. Its total assets and total liabilities are $2.3B and $1.7B respectively. Suburban Propane Partners's EBIT is $171.3M making its interest coverage ratio 2.3. It has cash and short-term investments of $4.9M.

Key information

221.8%

Debt to equity ratio

US$1.35b

Debt

Interest coverage ratio2.3x
CashUS$4.88m
EquityUS$607.22m
Total liabilitiesUS$1.68b
Total assetsUS$2.28b

Recent financial health updates

No updates

Recent updates

Suburban Propane: Attractive Distribution With Manageable Debt

Nov 05

Suburban Propane's 40% Gain In 6 Months Needs Cautious Watching

Feb 14

Suburban Propane Partners Is Well-Positioned For Long-Run Accretive Growth

Jan 26

Suburban Propane: M&A Rumors Boost Stock Price, Maintain Hold

Nov 16

Suburban Propane: Downgrading To Hold On Softening Fundamentals

Sep 01

Suburban Propane Partners Is Facing A Challenging Macroeconomic Backdrop

Jun 16

Suburban Propane Partners: Steady Q1, Further Expansion Into RNG

Feb 14

Suburban Propane Partners: Turning Waste Into Future Distribution Growth

Feb 04

Suburban Propane Partners declares $0.325 dividend

Jan 19

Suburban Propane partners with Equilibrium Capital for $190M RNG assets deal

Dec 28

Suburban Propane Partners GAAP EPS of -$0.86 misses by $0.41, revenue of $237.63M

Nov 10

Suburban Propane Partners declares $0.325 dividend

Oct 20

Suburban Propane Partners: What! No Distribution Growth?

Oct 13

Suburban Propane team up with David's house to donate for families with children receiving treatment through Dartmouth Health Children's hospital

Sep 09

Suburban Propane Partners: Steady Quarter; Thesis Intact

Aug 06

Suburban Propane Partners goes ex-dividend tomorrow

Jul 29

Suburban Propane Partners: Resilient To Inflation And A Potential Recession

Jun 27

Suburban Propane Partners: Buy These Undervalued Units Trading At An 8.7% Yield

Mar 24

Suburban Propane Partners, L.P.: Old School Value

Feb 11

The 9.2% Distribution Yield Of Suburban Propane Partners Is Attractive

Dec 27

Suburban Propane Partners: A 10%+ Yield Ahead In The New Age Of Distribution Growth

Sep 06

Suburban Propane Partners: The Forgotten MLP That's Over 50% Undervalued

Jun 28

Suburban Propane Partners prices private offering of senior notes

May 10

Suburban Propane Partners EPS beats by $0.28, beats on revenue

May 06

Suburban Propane Partners EPS beats by $0.05, misses on revenue

Feb 04

Surburban Propane Offers A Defensive 7%+ Yield, But Potentially Warmer Winter And Debt Paydown Weigh

Nov 18

Financial Position Analysis

Short Term Liabilities: SPH's short term assets ($164.7M) do not cover its short term liabilities ($252.4M).

Long Term Liabilities: SPH's short term assets ($164.7M) do not cover its long term liabilities ($1.4B).


Debt to Equity History and Analysis

Debt Level: SPH's net debt to equity ratio (221%) is considered high.

Reducing Debt: SPH's debt to equity ratio has reduced from 289.5% to 221.8% over the past 5 years.

Debt Coverage: SPH's debt is not well covered by operating cash flow (13.5%).

Interest Coverage: SPH's interest payments on its debt are not well covered by EBIT (2.3x coverage).


Balance Sheet


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