EnLink Midstream LLC (FRA:0E41) LT-Debt-to-Total-Asset : 0.55 (As of Mar. 2024)

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What is EnLink Midstream LLC LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. EnLink Midstream LLC's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.55.

EnLink Midstream LLC's long-term debt to total assets ratio declined from Mar. 2023 (0.57) to Mar. 2024 (0.55). It may suggest that EnLink Midstream LLC is progressively becoming less dependent on debt to grow their business.

EnLink Midstream LLC LT-Debt-to-Total-Asset Historical Data

The historical data trend for EnLink Midstream LLC's LT-Debt-to-Total-Asset 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.

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EnLink Midstream LLC LT-Debt-to-Total-Asset Chart

EnLink Midstream LLC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.51

0.50

0.51

0.55

0.54

EnLink Midstream LLC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.57	0.55	0.54	0.54	0.55

EnLink Midstream LLC LT-Debt-to-Total-Asset Calculation

EnLink Midstream LLC's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	4099.907	/	7637.326
	=	0.54

EnLink Midstream LLC's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	4111.94	/	7477.76
	=	0.55

EnLink Midstream LLC (FRA:0E41) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

EnLink Midstream LLC LT-Debt-to-Total-Asset Related Terms

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EnLink Midstream LLC (FRA:0E41) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » EnLink Midstream LLC (FRA:0E41) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

ENLC:USA

Address

1722 Routh Street, Suite 1300, Dallas, TX, USA, 75201

Website

https://www.enlink.com

EnLink Midstream LLC is an integrated midstream company. The company's operating segment includes Permian; North Texas; Oklahoma; Louisiana and Corporate. The company generates maximum revenue from the Louisiana segment. The Louisiana segment includes natural gas pipelines, natural gas processing plants, storage facilities, fractionation facilities, and NGL assets.

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