Magellan Midstream Partners LP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $31 Mil. Magellan Midstream Partners LP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $5,135 Mil. Magellan Midstream Partners LP's Total Stockholders Equity for the quarter that ended in Jun. 2022 was $1,759 Mil.
Magellan Midstream Partners LP's debt to equity for the quarter that ended in Jun. 2022 was 2.94.
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 Magellan Midstream Partners LP's Debt-to-Equity or its related term are showing as below:
MMP'
s Debt-to-Equity Range Over the Past 10 Years
Min: -253.33 Med: 1.47 Max: 16
Current: 2.94
During the past 13 years, the highest Debt-to-Equity Ratio of Magellan Midstream Partners LP was 16.00. The lowest was -253.33. And the median was 1.47.
MMP's Debt-to-Equity is ranked worse than 93.83% of 827
companies
in the Oil & Gas industry
Industry Median: 0.48
vs MMP: 2.94
Magellan Midstream Partners LP Debt-to-Equity Historical Data
The historical data trend for Magellan Midstream 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.
Magellan Midstream Partners LP Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Debt-to-Equity
2.13
1.62
1.80
2.23
2.77
Magellan Midstream Partners LP Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Debt-to-Equity
2.26
2.76
2.77
3.04
2.94
Competitive Comparison
For the Oil & Gas Midstream subindustry, Magellan Midstream 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.
Magellan Midstream Partners LP Debt-to-Equity Distribution
For the Oil & Gas industry and Energy sector, Magellan Midstream Partners LP's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Magellan Midstream Partners LP's Debt-to-Equity falls into.
* 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.
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.
Magellan Midstream Partners LP Debt-to-Equity Related Terms
Thank you for viewing the detailed overview of Magellan Midstream Partners LP's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Magellan Midstream Partners LP Business Description
Magellan Midstream Partners is a master limited partnership that operates pipelines and storage terminals in the Central and Eastern United States. Its assets transport, store, and distribute refined petroleum products and crude and earn a fee-based stream of cash flows. Assets include the country's longest petroleum pipeline network and several crude oil pipelines. Refined products make about 70% of operating margin, with the remainder mainly crude-oil pipelines.
My Portfolios
Create New Portfolio
Portfolio Contest
My Gurus
Personalize
Premium Gurus 
0.04(0.08%) Volume: 429,093 3:35PM EDT
Email Alerts
Stock PDF
RSS
Website
Filings
Download
Manual of Stocks™ Web APP
MMP has been successfully added to your 
