CorEnergy Infrastructure Trust (CorEnergy Infrastructure Trust) Debt-to-Equity

: 2.07 (As of Sep. 2023)

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CorEnergy Infrastructure Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $103.7 Mil. CorEnergy Infrastructure Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $123.0 Mil. CorEnergy Infrastructure Trust's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $109.8 Mil. CorEnergy Infrastructure Trust's debt to equity for the quarter that ended in Sep. 2023 was 2.07.

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 CorEnergy Infrastructure Trust's Debt-to-Equity or its related term are showing as below:

CORRQ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18 Med: 0.5 Max: 2.07
Current: 2.07

During the past 13 years, the highest Debt-to-Equity Ratio of CorEnergy Infrastructure Trust was 2.07. The lowest was 0.18. And the median was 0.50.

CORRQ's Debt-to-Equity is ranked worse than
89.15% of 673 companies
in the REITs industry
Industry Median: 0.78 vs CORRQ: 2.07

CorEnergy Infrastructure Trust Debt-to-Equity Historical Data

The historical data trend for CorEnergy Infrastructure Trust'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.

CorEnergy Infrastructure Trust Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.33

0.32

0.77

1.51

1.80

CorEnergy Infrastructure Trust Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															1.84	1.80	1.87	1.96	2.07

Competitive Comparison

For the REIT - Specialty subindustry, CorEnergy Infrastructure Trust'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.

CorEnergy Infrastructure Trust Debt-to-Equity Distribution

For the REITs industry and Real Estate sector, CorEnergy Infrastructure Trust's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where CorEnergy Infrastructure Trust's Debt-to-Equity falls into.

CorEnergy Infrastructure Trust Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CorEnergy Infrastructure Trust's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(100.334	+	121.02)	/	122.773
	=	1.80

CorEnergy Infrastructure Trust's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(103.716	+	123.017)	/	109.784
	=	2.07

CorEnergy Infrastructure Trust (OTCPK:CORRQ) 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.

CorEnergy Infrastructure Trust Debt-to-Equity Related Terms

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CorEnergy Infrastructure Trust (CorEnergy Infrastructure Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » CorEnergy Infrastructure Trust Inc (OTCPK:CORRQ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CORRL.PFD:USA

Address

1100 Walnut, Suite 3350, Kansas, MO, USA, 64106

Website

https://www.corenergy.reit

CorEnergy Infrastructure Trust Inc is primarily focused on acquiring and financing midstream and downstream real estate assets within the U.S. energy infrastructure sector. The company also provides other types of capital, including loans secured by energy infrastructure assets. It owns assets, such as pipelines, storage terminals, and transmission and distribution assets. Its assets include Crimson Midstream Holding, MoGas Pipeline System, and Omega Pipeline. The majority of the revenue is generated from the lease received.

Executives

Christopher M. Huffman	officer: Chief Accounting Officer	1100 WALNUT, SUITE 3350, KANSAS CITY MO 64119
Robert L Waldron	officer: President and CFO	1100 WALNUT, SUITE 3350, KANSAS MO 64106
John D Grier	director, officer: Chief Operating Officer	1100 WALNUT, SUITE 3350, KANSAS CITY MO 64106
Richard C. Kreul	officer: President - Mowood and MoGas	1100 WALNUT STREET, KANSAS CITY MO 64106
Arkan Haile	director	1100 WALNUT STREET, KANSAS CITY MO 64106
Catherine A. Lewis	director	325 NE NORTHGATE CROSSING, LEE'S SUMMIT MO 64064
Todd E. Banks	director	1100 WALNUT, SUITE 3350, KANSAS CITY MO 64106
Ciccotello Conrad S	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
David J Schulte	officer: President and CEO	233 WEST 47TH ST., KANSAS CITY MO 64112
Larry W Alexander	officer: President of Crimson Midstream	1100 WALNUT, SUITE 3350, KANSAS CITY MO 64106
Jeffrey E. Fulmer	officer: Executive Vice President	1100 WALNUT, SUITE 3350, KANSAS CITY MO 64106
Rebecca M Sandring	officer: Treasurer	4200 W. 115TH STREET, LEAWOOD KS 66211
Kristin M Leitze	officer: Chief Accounting Officer	1100 WALNUT, SUITE 3350, KANSAS CITY MO 64106
Nate Poundstone	officer: Chief Accounting Officer	1100 WALNUT, SUITE 3350, KANSAS CITY MO 64106
Richard C Green	director	4200 W 115TH STREET, SUITE 210, LEAWOOD KS 66211