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Tallgrass Energy LP (Tallgrass Energy LP) Total Current Liabilities : $527.1 Mil (As of Dec. 2019)


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What is Tallgrass Energy LP Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Tallgrass Energy LP's total current liabilities for the quarter that ended in Dec. 2019 was $527.1

Tallgrass Energy LP Total Current Liabilities Historical Data

The historical data trend for Tallgrass Energy LP's Total Current Liabilities 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.

* Premium members only.

Tallgrass Energy LP Total Current Liabilities Chart

Tallgrass Energy LP Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Total Current Liabilities
Get a 7-Day Free Trial 89.02 133.02 258.88 438.76 527.06

Tallgrass Energy LP Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 438.76 404.63 425.32 437.22 527.06

Tallgrass Energy LP Total Current Liabilities Calculation

Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.

Tallgrass Energy LP's Total Current Liabilities for the fiscal year that ended in Dec. 2019 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=360.859+0
+Other Current Liabilities+Current Deferred Liabilities
=38.273+127.932
=527.1

Tallgrass Energy LP's Total Current Liabilities for the quarter that ended in Dec. 2019 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=360.859+0
+Other Current Liabilities+Current Deferred Liabilities
=38.273+127.932
=527.1

* 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.

The increase of Total Current Liabilities of a company is not necessarily a bad thing. This may conserve the company's cash and contribute positively to cash flow.

Total Current Liabilities is linked to Total Current Assets through the Current Ratio and Working Capital. The Current Ratio is equal to dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations. Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Be Aware

Stay away from companies that roll over the debt e.g. Bear Stearns

When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.

His favorite Wells Fargo has 57 cents short term debt for every dollar of long term.

Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term

Tallgrass Energy LP Total Current Liabilities Related Terms

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Tallgrass Energy LP (Tallgrass Energy LP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tallgrass Energy LP (NYSE:TGE) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
N/A
Address
4200 West 115th Street, Suite 350, Leawood, KS, USA, 66211
Website
https://www.tallgrassenergy.com
Tallgrass Energy LP is a corporate entity created after the acquisition of Tallgrass Energy Partners (the LP) by its GP in June 2018. Tallgrass operates and has participating interests in some of the more strategically important midstream assets in the Bakken and Rockies (the REX and Pony Express lines, for example). The entity focuses opportunistically on growth through acquisition and development of natural gas and crude oil transportation, as well as gathering and processing assets. Blackstone Investment Partners acquired the Tallgrass GP and 44% of the limited partnership in early 2019.
Executives
Guy G. Buckley director 5400 WESTHEIMER COURT, HOUSTON TX 77056
Bia Gp L.p. 10 percent owner 345 PARK AVENUE, NEW YORK NY 10154
Gic Private Ltd 10 percent owner 168 ROBINSON ROAD, #37-01 CAPITAL TOWER, SINGAPORE U0 068912
William R. Moler director, officer: See Remarks 4200 WEST 115TH STREET, SUITE 350, LEAWOOD KS 66211
Gic Special Investments Pte Ltd 10 percent owner 168 ROBINSON ROAD, #37-01 CAPITAL TOWER, SINGAPORE U0 068912
Blackstone Infrastructure Associates L.p. 10 percent owner 345 PARK AVENUE, NEW YORK NY 10154
Bia Gp L.l.c. 10 percent owner 345 PARK AVENUE, NEW YORK NY 10154
Bip Holdings Manager L.l.c. 10 percent owner 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Ii L.p. 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings I/ii Gp L.l.c. 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Stephen A Schwarzman 10 percent owner C/O BLACKSTONE INC., 345 PARK AVE, NEW YORK NY 10154
Thomas A Gerke director GERKE THOMAS A, OVERLAND PARK KS 66251
Blackstone Inc. 10 percent owner 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Group Management L.l.c. 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Iii Gp Management L.l.c. 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154

Tallgrass Energy LP (Tallgrass Energy LP) Headlines

From GuruFocus

Brown Trout Management, LLC Buys Taubman Centers Inc, Tallgrass Energy LP, LogMeIn Inc, Sells Audentes Therapeutics Inc, Zayo Group Holdings Inc, WellCare Health Plans Inc

By [email protected] insider • 05-14-2020

Infrastructure Capital Advisors, Llc Buys Southern Co, Public Storage, Tallgrass Energy LP, Sells Andeavor Logistics LP, Phillips 66 Partners LP, Phillips 66

By [email protected] insider • 11-14-2019

Shareholder Alert: Ademi & O'Reilly, LLP Investigates whether Tallgrass Energy, LP has obtained a Fair Price in its sale to Blackstone Infrastructure Partners

By PRNewswire PRNewswire • 12-17-2019

Gabelli Securities, Inc. Buys The Medicines Co, Tech Data Corp, Tallgrass Energy LP, Sells Celgene Corp, Versum Materials Inc, Buckeye Partners LP

By [email protected] insider • 02-18-2020

(TGE) Alert: Johnson Fistel Investigates Proposed Sale of Tallgrass Energy; Is $22.45 a Fair Price?

By PRNewswire PRNewswire • 12-17-2019

Cushing® Asset Management and Swank Capital Announce a Constituent Change to The Cushing® 30 MLP Index

By PRNewswire PRNewswire • 12-26-2018

Faruqi & Faruqi, LLP Announces Filing of a Class Action Lawsuit Against Tallgrass Energy, LP (TGE)

By PRNewswire PRNewswire • 02-21-2020

Tallgrass Energy GP LP Expected to Be Added to the Alerian Index Series

By PRNewswire PRNewswire • 06-25-2018

Boussard & Gavaudan Investment Management LLP Buys Constellium SE, Liberty Broadband Corp, Tallgrass Energy LP, Sells Celgene Corp, Altaba Inc, Constellium SE

By [email protected] insider • 02-12-2020

Tallgrass Energy, LP Shareholders Approve Merger at Special Shareholder Meeting; Closing Expected on April 17, 2020

By Business Wire Business Wire • 04-16-2020