Cheniere Energy Partners LP (Cheniere Energy Partners LP) Debt-to-Equity : -20.40 (As of Dec. 2023)

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What is Cheniere Energy Partners LP Debt-to-Equity?

Cheniere Energy Partners LP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $300 Mil. Cheniere Energy Partners LP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $15,691 Mil. Cheniere Energy Partners LP's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-784 Mil. Cheniere Energy Partners LP's debt to equity for the quarter that ended in Dec. 2023 was -20.40.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Cheniere Energy Partners LP's Debt-to-Equity or its related term are showing as below:

CQP' s Debt-to-Equity Range Over the Past 10 Years
Min: -20.4 Med: 22.07 Max: 32.8
Current: -20.4

During the past 13 years, the highest Debt-to-Equity Ratio of Cheniere Energy Partners LP was 32.80. The lowest was -20.40. And the median was 22.07.

CQP's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.44 vs CQP: -20.40

Cheniere Energy Partners LP Debt-to-Equity Historical Data

The historical data trend for Cheniere Energy Partners LP's Debt-to-Equity 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.

Cheniere Energy Partners LP Debt-to-Equity Chart

Cheniere Energy Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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24.72

32.80

24.06

-7.65

-20.40

Cheniere Energy Partners LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-7.65	-17.17	-16.72	-16.49	-20.40

Competitive Comparison of Cheniere Energy Partners LP's Debt-to-Equity

For the Oil & Gas Midstream subindustry, Cheniere Energy Partners LP's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cheniere Energy Partners LP's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Cheniere Energy Partners LP's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Cheniere Energy Partners LP's Debt-to-Equity falls into.

Cheniere Energy Partners LP Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cheniere Energy Partners LP's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(300	+	15691)	/	-784
	=	-20.40

Cheniere Energy Partners LP's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(300	+	15691)	/	-784
	=	-20.40

Cheniere Energy Partners LP (NYSE:CQP) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Cheniere Energy Partners LP Debt-to-Equity Related Terms

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Cheniere Energy Partners LP (Cheniere Energy Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cheniere Energy Partners LP (NYSE:CQP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

700 Milam Street, Suite 1900, Houston, TX, USA, 77002

Website

https://www.cheniere.com

Cheniere Energy Partners is the direct owner of the Sabine Pass LNG terminals as well as regasification facilities. It also owns the Creole Trail Pipeline, which connects the terminal to third-party gas suppliers. Cheniere Partners shares in the marketing fees generated by Cheniere Marketing from Sabine Pass marketed gas volumes.

Executives

Taylor Johnson	director, other: Deputy GC and Asst. Sec.	700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
Grindal Corey	director, officer: EVP, Worldwide Trading	700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
Brian Arthur Baker	director	700 MILAM ST., SUITE 1900, HOUSTON TX 77002
Bx Rockies Platform Co Llc	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Iii L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Christopher Manuel Dellamore	director	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Tim Wyatt	director, officer: SVP, Corp. Dev. and Strategy	700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
James Robert Ball	director	4 PROVIDENCE VILLAS, BRACKENBURY, LONDON X0 W6 0BA
Adam Kuhnley	director	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
David L Slack	officer: VP & Chief Accounting Officer	700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
Matthew Jk Runkle	director	345 PARK AVENUE, NEW YORK NY 10154
Bam Partners Trust	10 percent owner	181 BAY STREET, SUITE 300, TORONTO A6 M5J 2T3
Gso Holdings I Llc	10 percent owner	C/O GSO CAPITAL PARTNERS LP, 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Inc.	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