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NGL Energy Partners LP (NYSE:NGL)
Market Cap
$3,473 Mil (As of Today)

Market cap is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding. NGL Energy Partners LP's share price for the quarter that ended in Mar. 2014 was $37.53. NGL Energy Partners LP's shares outstanding for the quarter that ended in Mar. 2014 was 79 Mil. Therefore, NGL Energy Partners LP's market cap for the quarter that ended in Mar. 2014 was $3,473 Mil.

NGL Energy Partners LP's quarterly market cap increased from Sep. 2013 ($2,112 Mil) to Dec. 2013 ($2,737 Mil) and increased from Dec. 2013 ($2,737 Mil) to Mar. 2014 ($2,978 Mil).

NGL Energy Partners LP's annual market cap increased from Mar. 2012 ($602 Mil) to Mar. 2013 ($1,442 Mil) and increased from Mar. 2013 ($1,442 Mil) to Mar. 2014 ($2,978 Mil).

Enterprise value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. NGL Energy Partners LP's enterprise value for Today is $5,105 Mil.


Definition

Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.

NGL Energy Partners LP's Market Cap for the fiscal year that ended in Mar. 2014 is calculated as

Market Cap (A: Mar. 2014 )=Share Price (A: Mar. 2014 )*Shares Outstanding (A: Mar. 2014 )
=37.53*79.34
=2,978

NGL Energy Partners LP's Market Cap for the quarter that ended in Mar. 2014 is calculated as

Market Cap (Q: Mar. 2014 )=Share Price (Q: Mar. 2014 )*Shares Outstanding (Q: Mar. 2014 )
=37.53*79.34
=2,978

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


Explanation

Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the company’s debt. The real price you pay is the Enterprise Value.

Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.


Related Terms

Shares Outstanding


Historical Data

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

NGL Energy Partners LP Annual Data

Mar09Mar10Mar12Mar13Mar14
mktcap 00000006021,4422,978

NGL Energy Partners LP Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
mktcap 5726021,1221,2211,2391,4421,6192,1122,7372,978
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