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CSI Compressco LP (CSI Compressco LP) Debt-to-Equity

: -45.28 (As of Dec. 2023)
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CSI Compressco LP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. CSI Compressco LP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $648.1 Mil. CSI Compressco LP's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-14.3 Mil. CSI Compressco LP's debt to equity for the quarter that ended in Dec. 2023 was -45.28.

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 CSI Compressco LP's Debt-to-Equity or its related term are showing as below:

CCLP' s Debt-to-Equity Range Over the Past 10 Years
Min: -161.86   Med: -45.32   Max: -41.96
Current: -45.28

During the past 13 years, the highest Debt-to-Equity Ratio of CSI Compressco LP was -41.96. The lowest was -161.86. And the median was -45.32.

CCLP's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.44 vs CCLP: -45.28

CSI Compressco LP Debt-to-Equity Historical Data

The historical data trend for CSI Compressco 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.

CSI Compressco LP Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -44.74 -46.04 -45.04 -45.36 -45.28

CSI Compressco 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 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 Premium Member Only Premium Member Only Premium Member Only -45.36 -45.18 -45.38 -44.10 -45.28

Competitive Comparison

For the Oil & Gas Equipment & Services subindustry, CSI Compressco 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.


CSI Compressco LP Debt-to-Equity Distribution

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

* The bar in red indicates where CSI Compressco LP's Debt-to-Equity falls into.



CSI Compressco LP Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

CSI Compressco LP's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


CSI Compressco LP  (NAS:CCLP) 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.


CSI Compressco LP Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of CSI Compressco LP's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


CSI Compressco LP (CSI Compressco LP) Business Description

Traded in Other Exchanges
N/A
Address
1735 Hughes Landing Boulevard, Suite 200, The Woodlands, TX, USA, 77380
CSI Compressco LP is a limited partnership operating in the U.S. The company is a provider of compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage. It sells standard and custom-designed compressor packages and oil field fluid pump systems and provides aftermarket services and compressor package parts and components manufactured by third-party suppliers. In addition, the company provides compression services and equipment to natural gas and oil exploration and production, midstream, and transmission companies. The majority of the company's revenue comes from the United States.
Executives
James R Larson director CSI COMPRESSCO LP, 1735 HUGHES LANDING BLVD STE 200, THE WOODLANDS TX 77380
Joseph P. Mcelroy director 1735 HUGHES LANDING BOULEVARD, SUITE 200, THE WOODLANDS TX 77380
John Earl Jackson director, officer: Chief Executive Officer 12001 NORTH HOUSTON ROSSLYN, HOUSTON TX 77086
Michael James Tucker director 1735 HUGHES LANDING BOULEVARD, SUITE 200, THE WOODLANDS TX 77380
Jonathan W. Byers director, officer: Chief Financial Officer 9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380
Riplee L Parkening officer: Controller 1735 HUGHES LANDING BOULEVARD, SUITE 200, THE WOODLANDS TX 77380
Rodney P Pruski officer: Vice President of Operations 1735 HUGHES LANDING BOULEVARD, SUITE 200, THE WOODLANDS TX 77380
Stephen R. Gill director 9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380
Spartan Energy Partners Gp Llc 10 percent owner 9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380
Spartan Energy Partners Lp 10 percent owner 9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380
Derek J Anchondo officer: Assistant General Counsel 1735 HUGHES LANDING BLVD STE 200, THE WOODLANDS TX 77380
Robert Wesley Price director, officer: Chief Operating Officer 9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380
Denise Essenberg director 1735 HUGHES LANDING BLVD STE 200, THE WOODLANDS TX 77380
Ted A Gardner director 1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Spartan Energy Holdco Llc 10 percent owner 9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380