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Equitrans Midstream's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $300 Mil. Equitrans Midstream's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $7,490 Mil. Equitrans Midstream's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $1,759 Mil. Equitrans Midstream's debt to equity for the quarter that ended in Mar. 2024 was 4.43.
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 Equitrans Midstream's Debt-to-Equity or its related term are showing as below:
During the past 9 years, the highest Debt-to-Equity Ratio of Equitrans Midstream was 15.07. The lowest was -14.87. And the median was 3.91.
The historical data trend for Equitrans Midstream'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.
Equitrans Midstream Annual Data | |||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||||||
Debt-to-Equity | Get a 7-Day Free Trial | 9.41 | 1.86 | 3.20 | 4.36 | 4.40 |
Equitrans Midstream Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Debt-to-Equity | Get a 7-Day Free Trial | 4.26 | 4.23 | 4.25 | 4.40 | 4.43 |
For the Oil & Gas Midstream subindustry, Equitrans Midstream'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.
For the Oil & Gas industry and Energy sector, Equitrans Midstream's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Equitrans Midstream's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
Equitrans Midstream'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 | |
= | (311.312 | + | 7276.709) | / | 1725.513 | |
= | 4.40 |
Equitrans Midstream's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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 | |
= | (299.846 | + | 7490.152) | / | 1758.673 | |
= | 4.43 |
* 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.
Equitrans Midstream (NYSE:ETRN) 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.
Thank you for viewing the detailed overview of Equitrans Midstream's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Vicky A Bailey | director | 2099 PENNSYLVANIA AVNUE, NW, SUITE 1000, WASHINGTON DC 20006 |
Kirk R Oliver | officer: Sr VP & CFO | 1601 BRYAN STREET, DALLAS TX 75201 |
Stephen M Moore | officer: Sr VP & General Counsel | 2200 ENERGY DRIVE, CANONSBURG PA 15317 |
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Kenneth Michael Burke | director | 11742 RIVERVIEW DRIVE, HOUSTON TX 77007 |
Diana M Charletta | officer: EVP & Chief Operating Officer | 2200 ENERGY DRIVE, CANONSBURG PA 15317 |
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Brian P. Pietrandrea | officer: Controller | 2200 ENERGY DRIVE, CANONSBURG PA 15317 |
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Robert F Vagt | director | 5300 MEMORIAL DR, STE 800, HOUSTON TX 77007 |
Phillip D. Swisher | officer: VP & Chief Accounting Officer | 625 LIBERTY AVENUE, SUITE 2000, PITTSBURGH PA 15222 |
Norman J Szydlowski | director | 6120 S. YALE, SUITE 700, TULSA OK 74136 |
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