Martin Midstream Partners LP (Martin Midstream Partners LP) LT-Debt-to-Total-Asset

: 0.93 (As of Mar. 2024)

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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. Martin Midstream Partners LP's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.93.

Martin Midstream Partners LP's long-term debt to total assets ratio declined from Mar. 2023 (0.93) to Mar. 2024 (0.93). It may suggest that Martin Midstream Partners LP is progressively becoming less dependent on debt to grow their business.

Martin Midstream Partners LP LT-Debt-to-Total-Asset Historical Data

The historical data trend for Martin Midstream Partners LP'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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Martin Midstream Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.88

0.86

0.89

0.90

0.92

Martin Midstream Partners LP 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															0.93	0.94	0.95	0.92	0.93

Martin Midstream Partners LP LT-Debt-to-Total-Asset Calculation

Martin Midstream Partners LP'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 )
	=	466.857	/	509.375
	=	0.92

Martin Midstream Partners LP'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 )
	=	473.63	/	512.077
	=	0.92

Martin Midstream Partners LP (NAS:MMLP) 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.

Martin Midstream Partners LP LT-Debt-to-Total-Asset Related Terms

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Martin Midstream Partners LP (Martin Midstream Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Martin Midstream Partners LP (NAS:MMLP) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

4200 Stone Road, Kilgore, TX, USA, 75662

Website

https://www.mmlp.com

Martin Midstream Partners LP has a diverse set of operations focused in the United States Gulf Coast region. The company's business lines include terminalling, processing, storage, and packaging services for petroleum products and by-products including the refining of naphthenic crude oil; land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and natural gas liquids marketing, distribution and transportation services. It generates maximum revenue from the Natural gas liquids segment.

Executives

Sharon L Taylor	officer: Chief Financial Officer	4200 B STONE RD, KILGORE TX 75662
Ruben S Martin	director, 10 percent owner, officer: President and CEO	4200 STONE RD, KILGORE TX 75662
Robert D Bondurant	officer: Executive VP and CFO	4200 STONE ROAD, KILGORE TX 75662
Scot A Shoup	officer: Senior VP Operations	2029 S. CHILTON AVE., TYLER TX 75701
Chris H Booth	officer: VP/General Counsel/Secretary	4200 STONE ROAD, KILGORE TX 75662
Randall Tauscher	officer: Executive Vice President	KANZA OFFICE PARK, 550 NORTH 159TH ST. EAST, WICHITA KS 67230
Christopher Michael Reid	director	100 W PUTNAM AVENUE, GREENWICH CT 06830
C Scott Massey	director	4200 STONE RD, KILGORE TX 75662
Martin Product Sales Llc	10 percent owner	4200 STONE ROAD, KILGORE TX 75662
James M Collingsworth	director	1100 LOUISIANA 10TH FLOOR, HOUSTON TX 77002
Stephen W Martin	officer: VP Corporate Development	4200 STONE ROAD, KILGORE TX 75662
Zachary Stanton	director	12 ROTON AVE, ROTON AVE, NORWALK CT 06853
Charles H Still	director	FULBRIGHT & JAWORSKI LLP, 1301 MCKINNEY, SUITE 5100, HOUSTON TX 77010-3095
Wesley M Skelton	officer: Executive VP, CA0 & Controller	4200 STONE ROAD, KILGORE TX 75662
Sean P. Dolan	director	4200 B STONE ROAD, KILGORE TX 75662