Inter Pipeline (Inter Pipeline) Debt-to-Equity : 1.94 (As of Sep. 2021)

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What is Inter Pipeline Debt-to-Equity?

Inter Pipeline's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2021 was $1,731 Mil. Inter Pipeline's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2021 was $4,548 Mil. Inter Pipeline's Total Stockholders Equity for the quarter that ended in Sep. 2021 was $3,238 Mil. Inter Pipeline's debt to equity for the quarter that ended in Sep. 2021 was 1.94.

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 Inter Pipeline's Debt-to-Equity or its related term are showing as below:

IPPLF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 1.65 Max: 2.52
Current: 1.94

During the past 13 years, the highest Debt-to-Equity Ratio of Inter Pipeline was 2.52. The lowest was 0.00. And the median was 1.65.

IPPLF's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.44 vs IPPLF: 1.94

Inter Pipeline Debt-to-Equity Historical Data

The historical data trend for Inter Pipeline'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.

Inter Pipeline Debt-to-Equity Chart

Inter Pipeline Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Debt-to-Equity

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1.82

1.57

1.43

1.68

1.65

Inter Pipeline Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Debt-to-Equity	Get a 7-Day Free Trial															1.75	1.65	1.65	1.63	1.94

Competitive Comparison of Inter Pipeline's Debt-to-Equity

For the Oil & Gas Midstream subindustry, Inter Pipeline'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.

Inter Pipeline's Debt-to-Equity Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Inter Pipeline's Debt-to-Equity falls into.

Inter Pipeline Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Inter Pipeline's Debt to Equity Ratio for the fiscal year that ended in Dec. 2020 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
	=	(1283.707	+	4129.987)	/	3291.28
	=	1.64

Inter Pipeline's Debt to Equity Ratio for the quarter that ended in Sep. 2021 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
	=	(1730.882	+	4547.944)	/	3237.629
	=	1.94

Inter Pipeline (OTCPK:IPPLF) 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.

Inter Pipeline Debt-to-Equity Related Terms

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

Inter Pipeline (Inter Pipeline) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Inter Pipeline Ltd (OTCPK:IPPLF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

215 - 2nd Street SW, Suite 3200, Calgary, AB, CAN, T2P 1M4

Website

http://www.interpipeline.com

Inter Pipeline operates crude oil pipelines, natural gas liquids extraction, and bulk liquid storage businesses in Canada and Europe. The company's oil sands pipelines cover 3,300 kilometers of pipeline and hold the capacity for 4.6 million barrels a day of delivery volumes. Conventional crude pipelines, NGL infrastructure, and 31 million barrels of liquid storage in Europe round out the company's operations.

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