MPLX LP (MPLX LP) Debt-to-Equity : -5,228.50 (As of Dec. 2023)

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What is MPLX LP Debt-to-Equity?

MPLX LP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,181.00 Mil. MPLX LP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $19,733.00 Mil. MPLX LP's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-4.00 Mil. MPLX LP's debt to equity for the quarter that ended in Dec. 2023 was -5,228.50.

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

MPLXP.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: -5228.5 Med: -1120.77 Max: 1.41
Current: -5228.5

During the past 13 years, the highest Debt-to-Equity Ratio of MPLX LP was 1.41. The lowest was -5228.50. And the median was -1120.77.

MPLXP.PFD's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.435 vs MPLXP.PFD: -5228.50

MPLX LP Debt-to-Equity Historical Data

The historical data trend for MPLX 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.

MPLX LP Debt-to-Equity Chart

MPLX LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-1,354.13

-1,378.40

-1,121.41

-2,537.63

-5,228.50

MPLX 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															-2,537.63	-5,281.75	1.63	1.62	-5,228.50

Competitive Comparison of MPLX LP's Debt-to-Equity

For the Oil & Gas Midstream subindustry, MPLX 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.

MPLX LP's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

MPLX LP Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MPLX 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
	=	(1181	+	19733)	/	-4
	=	-5,228.50

MPLX 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
	=	(1181	+	19733)	/	-4
	=	-5,228.50

MPLX LP (OTCPK:MPLXP.PFD) 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.

MPLX LP Debt-to-Equity Related Terms

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MPLX LP (MPLX LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MPLX LP (OTCPK:MPLXP.PFD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MPLX:USA

Address

200 East Hardin Street, Findlay, OH, USA, 45840-3229

Website

https://www.mplx.com

MPLX is a partnership that owns both pipelines and gathering and processing assets with extensive holdings in the Appalachian region. The asset base is made up of pipeline assets dropped down from Marathon Petroleum, its sponsor, and gathering and processing assets from MarkWest, which it acquired in 2015. MPLX also acquired Andeavor Logistics in July 2019.