Suburban Propane Partners LP (Suburban Propane Partners LP) Debt-to-Equity : 2.51 (As of Dec. 2023)

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What is Suburban Propane Partners LP Debt-to-Equity?

Suburban Propane Partners LP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $33 Mil. Suburban Propane Partners LP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,348 Mil. Suburban Propane Partners LP's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $550 Mil. Suburban Propane Partners LP's debt to equity for the quarter that ended in Dec. 2023 was 2.51.

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

SPH' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.05 Med: 2.28 Max: 3.67
Current: 2.51

During the past 13 years, the highest Debt-to-Equity Ratio of Suburban Propane Partners LP was 3.67. The lowest was 1.05. And the median was 2.28.

SPH's Debt-to-Equity is ranked worse than
91.39% of 476 companies
in the Utilities - Regulated industry
Industry Median: 0.84 vs SPH: 2.51

Suburban Propane Partners LP Debt-to-Equity Historical Data

The historical data trend for Suburban Propane 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.

Suburban Propane Partners LP Debt-to-Equity Chart

Suburban Propane Partners LP Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

Get a 7-Day Free Trial

2.90

3.67

2.93

2.44

Suburban Propane Partners LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															2.38	2.26	2.31	2.44	2.51

Competitive Comparison of Suburban Propane Partners LP's Debt-to-Equity

For the Utilities - Regulated Gas subindustry, Suburban Propane 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.

Suburban Propane Partners LP's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Suburban Propane Partners LP's Debt-to-Equity distribution charts can be found below:

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

Suburban Propane Partners LP Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Suburban Propane Partners LP's Debt to Equity Ratio for the fiscal year 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
	=	(33.562	+	1296.705)	/	546.356
	=	2.43

Suburban Propane Partners LP's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(33.471	+	1347.63)	/	549.888
	=	2.51

Suburban Propane Partners LP (NYSE:SPH) 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.

Suburban Propane Partners LP Debt-to-Equity Related Terms

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Suburban Propane Partners LP (Suburban Propane Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Suburban Propane Partners LP (NYSE:SPH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

240 Route 10 West, P.O. Box 206, Whippany, NJ, USA, 07981

Website

https://www.suburbanpropane.com

Suburban Propane Partners LP distributes propane, fuel oil, and other refined fuels to customers in the East Coast and West Coast regions of the United States. Other operations include natural gas and electricity marketing in the deregulated New York and Pennsylvania markets. The company operates in three segments: Propane; Fuel Oil and Refined Fuels; and Natural Gas and Electricity. It generates maximum revenue from Propane segment.

Executives

Michael A Stivala	officer: Controller	C/O SUBURBAN PROPANE PARTNERS LP, P O BOX 206, WHIPPANY NJ 07981
Douglas Brinkworth	officer: Vice President, Product Supply	C/O SUBURBAN PROPANE PARTERS, L.P., 240 ROUTE 10 WEST, WHIPPANY NJ 07981
Nandini Sankara	officer: VP Mark. & Brand Strategy	240 ROUTE 10 WEST, WHIPPANY NJ 07981
Samuel Hodges	officer: Vice President-Area Operations	240 ROUTE 10 WEST, WHIPPANY NJ 07981
Brent Stubbs	officer: VP - Area Operations	240 ROUTE 10 WEST, WHIPPANY NJ 07981
Alejandro Centeno	officer: VP, Operations	240 ROUTE 10 WEST, WHIPPANY NJ 07981
Logan Harold R Jr	director
Rommel Oates	director	240 ROUTE 10 WEST, WHIPPANY NJ 07981
Amy Adams	director	240 ROUTE 10 WEST, WHIPPANY NJ 07981
Michael A Schueler	officer: Vice President-Product Supply	C/O SUBURBAN PROPANE, 240 ROUTE 10 WEST, WHIPPANY NJ 07981
Bryon L Koepke	officer: VP,Gen.Counsel & Secretary	240 ROUTE 10 WEST, WHIPPANY NJ 07981
Dee Arthur Tate	officer: Vice President-Area Operations	240 ROUTE 10 WEST, WHIPPANY NJ 07981-0206
Daniel W. Boyd	officer: Vice President-Area Operations	240 ROUTE 10 WEST, WHIPANNY NJ 07981-0206
Gregory L. Boyd	officer: Vice President-Area Operations	240 ROUTE 10 WEST, WHIPPANY NJ 07981-0206
Francesca Cleffi	officer: Vice President,Human Resources	C/O SUBURBAN PROPANE PARTNERS, L.P., 240 ROUTE 10 WEST, WHIPPANY NJ 07981-0206