Calumet Specialty Products Partners LP (Calumet Specialty Products Partners LP) Debt-to-Equity

: -4.08 (As of Dec. 2023)

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Calumet Specialty Products Partners LP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $131 Mil. Calumet Specialty Products Partners LP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,869 Mil. Calumet Specialty Products Partners LP's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-490 Mil. Calumet Specialty Products Partners LP's debt to equity for the quarter that ended in Dec. 2023 was -4.08.

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 Calumet Specialty Products Partners LP's Debt-to-Equity or its related term are showing as below:

CLMT' s Debt-to-Equity Range Over the Past 10 Years
Min: -10.95 Med: 2.5 Max: 60.41
Current: -4.08

During the past 13 years, the highest Debt-to-Equity Ratio of Calumet Specialty Products Partners LP was 60.41. The lowest was -10.95. And the median was 2.50.

CLMT's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.435 vs CLMT: -4.08

Calumet Specialty Products Partners LP Debt-to-Equity Historical Data

The historical data trend for Calumet Specialty Products 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.

Calumet Specialty Products Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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60.41

-10.95

-4.11

-3.13

-4.08

Calumet Specialty Products 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															-3.13	-3.26	-3.37	-4.05	-4.08

Competitive Comparison

For the Oil & Gas E&P subindustry, Calumet Specialty Products 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.

Calumet Specialty Products Partners LP Debt-to-Equity Distribution

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

* The bar in red indicates where Calumet Specialty Products Partners LP's Debt-to-Equity falls into.

Calumet Specialty Products Partners LP Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Calumet Specialty Products 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
	=	(131.3	+	1868.7)	/	-490.3
	=	-4.08

Calumet Specialty Products 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
	=	(131.3	+	1868.7)	/	-490.3
	=	-4.08

Calumet Specialty Products Partners LP (NAS:CLMT) 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.

Calumet Specialty Products Partners LP Debt-to-Equity Related Terms

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Calumet Specialty Products Partners LP (Calumet Specialty Products Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Calumet Specialty Products Partners LP (NAS:CLMT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2780 Waterfront Parkway East Drive, Suite 200, Indianapolis, IN, USA, 46214

Website

https://www.calumetspecialty.com

Calumet Specialty Products Partners LP is an independent producer of specialty hydrocarbon products in North America. The company operates through three segments namely Specialty Products and Solutions segment manufacture and market solvents, waxes, customized lubricating oils, white oils, petrolatum's, gels, esters, and other products. In Performance Brands segment, the company blend, package and market high performance products through its Royal Purple, Bel-Ray, and TruFuel brands. The Montana/Renewables segment is comprised of two businesses - renewable diesel and specialty asphalt. The Corporate segment primarily consists of general and administrative expenses not allocated to the Specialty Products and Solutions, Performance Brands or Montana/Renewables segments.

Executives

Stephen P Mawer	director	2780 WATERFRONT PKWY E. DRIVE, SUITE 200, INDIANAPOLIS IN 46214
John G. Boss	director	260 HUDSON RIVER ROAD, WATERFORD NY 12188
Ryan Willman	officer: Chief Accounting Officer	2780 WATERFRONT PKWY E. DR., STE. 200, INDIANAPOLIS IN 46214
Scott Obermeier	officer: EVP - Commercial	2780 WATERFRONT PARKWAY, E. DRIVE, INDIANAPOLIS IN 46214
Daniel J Sajkowski	director	5400 WEST 86TH STREET, INDIANAPOLIS IN 46268
James S Carter	director	2780 WATERFRONT PKWY. E. DRIVE, SUITE 200, INDIANPOLIS IN 46214
Louis Todd Borgmann	officer: SVP and Interim CFO	2780 WATERFRONT PARKWAY, E. DRIVE, SUITE 200, INDIANAPOLIS IN 46214
Karen A. Twitchell	director	9 COURTLANDT PLACE, HOUSTON TX 77006
Marc Lawn	officer: EVP - Performance Brands	2780 WATERFRONT PKWY E. DRIVE, SUITE 200, INDIANAPOLIS IN 46214
Paul C Raymond	director	HERCULES PLAZA, 1313 N MARKET STREET, WILMINGTON DE 19894
Vincent Donargo	officer: Chief Accounting Officer	ONE CELADON DRIVE, 9503 E. 33RD STREET, INDIANAPOLIS IN 46235
H. Keith Jennings	officer: Chief Financial Officer	2000 ST. JAMES PLACE, HOUSTON TX 77056
A Anderson William	officer: VP - Sales and Marketing	2780 WATERFRONT PARKWAY E. DRIVE,, SUITE 200, INDIANAPOLIS IN 46214
Daniel L Sheets	director	29400 LAKELAND BOULEVARD, WICKLIFFE OH 44092
David West Griffin	officer: EVP and CFO	2780 WATERFRONT PARKWAY E. DRIVE, SUITE 200, INDIANAPOLIS IN 46214