Magellan Midstream Partners LP (Magellan Midstream Partners LP) Debt-to-Equity : 2.96 (As of Jun. 2023)

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What is Magellan Midstream Partners LP Debt-to-Equity?

Magellan Midstream Partners LP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $21 Mil. Magellan Midstream Partners LP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $5,061 Mil. Magellan Midstream Partners LP's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $1,715 Mil. Magellan Midstream Partners LP's debt to equity for the quarter that ended in Jun. 2023 was 2.96.

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 Magellan Midstream Partners LP's Debt-to-Equity or its related term are showing as below:

MMP' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.59 Med: 1.97 Max: 3.06
Current: 2.96

During the past 13 years, the highest Debt-to-Equity Ratio of Magellan Midstream Partners LP was 3.06. The lowest was 1.59. And the median was 1.97.

MMP's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.435 vs MMP: 2.96

Magellan Midstream Partners LP Debt-to-Equity Historical Data

The historical data trend for Magellan Midstream 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.

Magellan Midstream Partners LP Debt-to-Equity Chart

Magellan Midstream Partners LP Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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1.62

1.80

2.23

2.77

3.06

Magellan Midstream Partners LP Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															2.94	2.95	3.06	3.05	2.96

Competitive Comparison of Magellan Midstream Partners LP's Debt-to-Equity

For the Oil & Gas Midstream subindustry, Magellan Midstream 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.

Magellan Midstream Partners LP's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

Magellan Midstream Partners LP Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Magellan Midstream 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
	=	(31	+	5131.9)	/	1684.9
	=	3.06

Magellan Midstream Partners LP's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(21.3	+	5060.8)	/	1714.5
	=	2.96

Magellan Midstream Partners LP (NYSE:MMP) 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.

Magellan Midstream Partners LP Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Magellan Midstream Partners LP's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Magellan Midstream Partners LP (Magellan Midstream Partners LP) Business Description

Industry

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

Comparable Companies

PAA WES TRGP AM ENLC DTM ETRN FRO PAGP CEQP TSX:ENB EPD ET WMB LNG KMI TSX:TRP MPLX OKE CQP

Traded in Other Exchanges

N/A

Address

One Williams Center, P.O. Box 22186, Tulsa, OK, USA, 74121-2186

Website

https://www.magellanlp.com

Magellan Midstream Partners is a master limited partnership that operates pipelines and storage terminals in the Central and Eastern United States. Its assets transport, store, and distribute refined petroleum products and crude and earn a fee-based stream of cash flows. Assets include the country's longest petroleum pipeline network and several crude oil pipelines. Refined products make about 70% of operating margin, with the remainder mainly crude-oil pipelines.

Executives

James R Hoskin	officer: Senior Vice President	ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172
James R Montague	director	FIVE RADNOR CORPORATE CENTER, SUITE 500, RADNOR PA 19087
Kyle T Krshka	officer: Senior Vice President	ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172
Sivasankaran Somasundaram	director	C/O APERGY CORPORATION, 2445 TECHNOLOGY FOREST BLVD, BLD 4, FL 9, THE WOODLANDS TX 77381
Melanie A Little	officer: Senior Vice President	ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172
Mark B Roles	officer: Senior Vice President	ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172
Lisa J Korner	officer: Vice President	ONE WILLIAMS CENTER, MD 28-1, TULSA OK 74172
Chansoo Joung	director	C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Jeff R Selvidge	officer: Senior Vice President	ONE WILLIAMS CENTER SUITE 2800, TULSA OK 74172
Douglas J May	officer: Senior Vice President	ONE WILLIAMS CENTER, SUITE 4100, TULSA OK 74172
Robert G Croyle	director	ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172
Michael C Pearson	officer: Senior Vice President	ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172
Jeffrey L Holman	officer: Senior Vice President & CFO	ONE WILLIAMS CENTER, TULSA OK 74172
Michael N Mears	officer: Vice President	ONE WILLIAMS CENTER, MD 28-1, TULSA OK 74172
Lori Gobillot	director	5103 CITY WEST BLVD., 4TH FLOOR, HOUSTON TX 77042