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Magellan Midstream Partners, L.P. (NYSE:MMP)
Equity to Asset Ratio
0.34 (As of Sep. 2014)

Equity to Asset ratio is calculated as shareholder’s tangible equity divided by its total asset. Magellan Midstream Partners, L.P.'s total equity for the quarter that ended in Sep. 2014 was $1,818 Mil. Magellan Midstream Partners, L.P.'s total assets for the quarter that ended in Sep. 2014 was $5,311 Mil. Therefore, Magellan Midstream Partners, L.P.'s Equity to Asset Ratio for the quarter that ended in Sep. 2014 was 0.34.

MMP' s 10-Year Equity to Asset Range
Min: 0.03   Max: 0.68
Current: 0.34

0.03
0.68

During the past 13 years, the highest Equity to Asset Ratio of Magellan Midstream Partners, L.P. was 0.68. The lowest was 0.03. And the median was 0.41.

MMP's Equity to Assetis ranked higher than
66% of the 175 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.40 vs. MMP: 0.34 )

Definition

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing shareholder’s tangible equity divided by its total asset.

Magellan Midstream Partners, L.P.'s Equity to Asset Ratio for the fiscal year that ended in Dec. 2013 is calculated as

Equity to Asset (A: Dec. 2013 )=Total Equity/Total Assets
=1647.442/4820.812
=0.34

Magellan Midstream Partners, L.P.'s Equity to Asset Ratio for the quarter that ended in Sep. 2014 is calculated as

Equity to Asset (Q: Sep. 2014 )=Total Equity/Total Assets
=1818.355/5311.396
=0.34

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


Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher Return on Equity because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Related Terms

Return on Equity, Total Assets, Total Equity


Historical Data

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

Magellan Midstream Partners, L.P. Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
equity2asset 0.430.430.410.420.030.380.390.360.340.34

Magellan Midstream Partners, L.P. Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
equity2asset 0.370.360.340.340.350.340.340.340.340.34
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