Holly Energy Partners LP (Holly Energy Partners LP) Debt-to-Equity : 1.71 (As of Sep. 2023)

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What is Holly Energy Partners LP Debt-to-Equity?

Holly Energy Partners LP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $5.4 Mil. Holly Energy Partners LP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1,530.4 Mil. Holly Energy Partners LP's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $896.1 Mil. Holly Energy Partners LP's debt to equity for the quarter that ended in Sep. 2023 was 1.71.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Holly Energy Partners LP's Debt-to-Equity or its related term are showing as below:

HEP' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.71 Med: 3.19 Max: 4.67
Current: 1.71

During the past 13 years, the highest Debt-to-Equity Ratio of Holly Energy Partners LP was 4.67. The lowest was 1.71. And the median was 3.19.

HEP's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.44 vs HEP: 1.71

Holly Energy Partners LP Debt-to-Equity Historical Data

The historical data trend for Holly Energy Partners LP's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Holly Energy Partners LP Debt-to-Equity Chart

Holly Energy Partners LP Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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3.32

4.04

3.90

3.17

1.90

Holly Energy Partners LP Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															1.99	1.90	1.85	1.78	1.71

Competitive Comparison of Holly Energy Partners LP's Debt-to-Equity

For the Oil & Gas Midstream subindustry, Holly Energy Partners LP's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Holly Energy Partners LP's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Holly Energy Partners LP's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Holly Energy Partners LP's Debt-to-Equity falls into.

Holly Energy Partners LP Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Holly Energy Partners LP's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(5.357	+	1620.567)	/	857.126
	=	1.90

Holly Energy Partners LP's Debt to Equity Ratio for the quarter that ended in Sep. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(5.427	+	1530.35)	/	896.066
	=	1.71

Holly Energy Partners LP (NYSE:HEP) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Holly Energy Partners LP Debt-to-Equity Related Terms

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Holly Energy Partners LP (Holly Energy Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Holly Energy Partners LP (NYSE:HEP) » Definitions » Debt-to-Equity

Comparable Companies

VNOM NS INSW STNG GLNG HESM PAGP KNTK LPG TNK TSX:ENB EPD ET WMB LNG OKE KMI TSX:TRP MPLX CQP

Traded in Other Exchanges

N/A

Address

2828 N. Harwood, Suite 1300, Dallas, TX, USA, 75201-1507

Website

http://www.hollyenergy.com

Holly Energy Partners LP operates a network of refined products and crude oil pipelines, with attendant terminal assets, in several western and southwestern states. The company has two reportable segments namely Pipelines and Terminals and Refinery Processing Unit. It generates maximum revenue from the Pipelines and Terminals segment.

Executives

Robert I Jamieson	officer: SVP and COO	2828 N. HARWOOD ST., SUITE 1300, DALLAS TX 75201
Mark A Petersen	director	550 EAST SOUTH TEMPLE, SALT LAKE CITY UT 84102
Hf Sinclair Corp	10 percent owner, other: See remarks	2828 N. HARWOOD, SUITE 1300, DALLAS TX 75201
Sinclair Companies	10 percent owner	550 EAST SOUTH TEMPLE, SALT LAKE CITY UT 84102
Carol Holding	10 percent owner	550 EAST SOUTH TEMPLE, SALT LAKE CITY UT 84102
James H Lee	director	10000 MEMORIAL DRIVE STE 600, HOUSTON TX 77024-3411
Larry R Baldwin	director	2828 N. HARWOOD STREET, SUITE 1300, DALLAS TX 75201
Michael Jennings	director	10000 MEMORIAL DRIVE, SUITE 600, HOUSTON TX 77024
Kenneth Norwood	officer: VP and Controller	2828 N. HARWOOD, SUITE 1300, DALLAS TX 75201
Harrison John Wayne Jr	officer: SVP, CFO and Treasurer	2828 N. HARWOOD ST., SUITE 1300, DALLAS TX 75201
Vaishali S. Bhatia	officer: SVP, General Counsel & Sec	2828 N. HARWOOD ST., SUITE 1300, DALLAS TX 75201
Eric L Mattson	director	C/O REX ENERGY CORP, 366 WALKER DRIVE, STATE COLLEGE PA 16801
Christine B Lafollette	director	2828 N. HARWOOD, SUITE 1300, DALLAS X1 75201
Richard Kevin Hardage	director	2626 COLE AVE SUITE 705, DALLAS TX 75209
Holly Refining & Marketing Co - Woods Cross Llc	other: See Footnotes	2828 N. HARWOOD, SUITE 1300, DALLAS TX 75201