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NGL Energy Partners LP (NYSE:NGL)
Debt to Equity
0.82 (As of Jun. 2014)

NGL Energy Partners LP's current portion of long-term debt for the quarter that ended in Jun. 2014 was $6 Mil. NGL Energy Partners LP's long-term debt for the quarter that ended in Jun. 2014 was $1,442 Mil. NGL Energy Partners LP's total equity for the quarter that ended in Jun. 2014 was $1,776 Mil. NGL Energy Partners LP's debt to equity for the quarter that ended in Jun. 2014 was 0.82.

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.


Definition

Debt to Equity measures the financial leverage a company has.

NGL Energy Partners LP's Debt to Equity Ratio for the fiscal year that ended in Mar. 2014 is calculated as

Debt to Equity=Total Debt / Total Equity
=(Current Portion of Long-Term Debt + Long-Term Debt) / Total Equity
=(7.08 + 1629.834) / 1526.579
=1.07

NGL Energy Partners LP's Debt to Equity Ratio for the quarter that ended in Jun. 2014 is calculated as

Debt to Equity=Total Debt / Total Equity
=(Current Portion of Long-Term Debt + Long-Term Debt) / Total Equity
=(6.168 + 1441.875) / 1775.965
=0.82

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

In the calculation of Debt to Equity, we use the total of Current Portion of Long-Term Debt and Long-Term Debt divided by Total Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

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


Related Terms

Current Portion of Long-Term Debt, Long-Term Debt, Total Equity, Return on Equity


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

NGL Energy Partners LP Annual Data

Mar09Mar10Mar12Mar13Mar14
deb2equity 0.000.000.000.000.000.220.200.540.851.07

NGL Energy Partners LP Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
deb2equity 0.540.750.810.960.850.940.701.001.070.82
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