* 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.
Spectra Energy Partners LP Total Assets Calculation
Total Assets are all the assets a company owns.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
* 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.
Spectra Energy Partners LP (NYSE:SEP) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Sep. 2018) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
Spectra Energy Partners LP's Asset Turnover for the quarter that ended in Sep. 2018 is
* 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.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Spectra Energy Partners LP Total Assets Related Terms
Thank you for viewing the detailed overview of Spectra Energy Partners LP's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Spectra Energy Partners LP (Spectra Energy Partners LP) Business Description
Spectra Energy Partners is a master limited partnership that is majority owned by its general partner and corporate parent, Enbridge, a Canadian energy company. SEP owns more than 15,000 miles of natural gas and oil pipelines in the U.S. and Canada. It also owns 170 billion cubic feet of gas storage and 5.6 million barrels of crude oil storage, as well as gas- and oil-gathering facilities.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SEP has been successfully added to your 