Altus Midstream Co (Altus Midstream Co) Debt-to-Equity : -1.14 (As of Dec. 2021)

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What is Altus Midstream Co Debt-to-Equity?

Altus Midstream Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2021 was $0.0 Mil. Altus Midstream Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2021 was $657.0 Mil. Altus Midstream Co's Total Stockholders Equity for the quarter that ended in Dec. 2021 was $-577.2 Mil. Altus Midstream Co's debt to equity for the quarter that ended in Dec. 2021 was -1.14.

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 Altus Midstream Co's Debt-to-Equity or its related term are showing as below:

ALTM's Debt-to-Equity is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.435
* Ranked among companies with meaningful Debt-to-Equity only.

Altus Midstream Co Debt-to-Equity Historical Data

The historical data trend for Altus Midstream Co'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.

Altus Midstream Co Debt-to-Equity Chart

Altus Midstream Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Debt-to-Equity

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-1.16

-2.52

-1.14

Altus Midstream Co Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Debt-to-Equity	Get a 7-Day Free Trial															-2.52	-1.99	-1.30	-1.36	-1.14

Competitive Comparison of Altus Midstream Co's Debt-to-Equity

For the Oil & Gas Midstream subindustry, Altus Midstream Co'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.

Altus Midstream Co's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Altus Midstream Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Altus Midstream Co's Debt-to-Equity falls into.

Altus Midstream Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Altus Midstream Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 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
	=	(0	+	657)	/	-577.249
	=	-1.14

Altus Midstream Co's Debt to Equity Ratio for the quarter that ended in Dec. 2021 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
	=	(0	+	657)	/	-577.249
	=	-1.14

Altus Midstream Co (NAS:ALTM) 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.

Altus Midstream Co Debt-to-Equity Related Terms

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Altus Midstream Co (Altus Midstream Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Altus Midstream Co (NAS:ALTM) » Definitions » Debt-to-Equity

Comparable Companies

DHT NVGS PBFX INSW SHSE:600617 GLP BROG HKSE:00934 SZSE:002267 OCSE:TRMD A

Traded in Other Exchanges

N/A

Address

2000 Post Oak Boulevard, One Post Oak Central, Suite 100, Houston, TX, USA, 77056-4400

Website

http://www.altusmidstream.com

Altus Midstream Co is the United States-based midstream corporation. Through its consolidated subsidiaries, it owns natural gas gathering, processing, and transmission assets including transmission and gathering pipelines, compressor stations, mechanical refrigeration units, cryogenic units and associated gas treatment facilities in the Permian Basin of West Texas. The majority of the revenue is generated from gas processing services.