Evolve Transition Infrastructure LP (Evolve Transition Infrastructure LP) Debt-to-Equity : -0.08 (As of Sep. 2023)

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What is Evolve Transition Infrastructure LP Debt-to-Equity?

Evolve Transition Infrastructure LP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $2.29 Mil. Evolve Transition Infrastructure LP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $18.10 Mil. Evolve Transition Infrastructure LP's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-257.94 Mil. Evolve Transition Infrastructure LP's debt to equity for the quarter that ended in Sep. 2023 was -0.08.

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

SNMP' s Debt-to-Equity Range Over the Past 10 Years
Min: -24.9 Med: -0.11 Max: 422.67
Current: -0.08

During the past 13 years, the highest Debt-to-Equity Ratio of Evolve Transition Infrastructure LP was 422.67. The lowest was -24.90. And the median was -0.11.

SNMP's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.44 vs SNMP: -0.08

Evolve Transition Infrastructure LP Debt-to-Equity Historical Data

The historical data trend for Evolve Transition Infrastructure 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.

Evolve Transition Infrastructure LP Debt-to-Equity Chart

Evolve Transition Infrastructure LP Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.63

-4.16

-0.72

-0.22

-0.11

Evolve Transition Infrastructure LP 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															-0.12	-0.11	-0.10	-0.10	-0.08

Competitive Comparison of Evolve Transition Infrastructure LP's Debt-to-Equity

For the Oil & Gas Midstream subindustry, Evolve Transition Infrastructure 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.

Evolve Transition Infrastructure LP's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

Evolve Transition Infrastructure LP Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Evolve Transition Infrastructure LP'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
	=	(21.997	+	2.773)	/	-222.109
	=	-0.11

Evolve Transition Infrastructure LP'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
	=	(2.286	+	18.097)	/	-257.941
	=	-0.08

Evolve Transition Infrastructure LP (AMEX:SNMP) 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.

Evolve Transition Infrastructure LP Debt-to-Equity Related Terms

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Evolve Transition Infrastructure LP (Evolve Transition Infrastructure LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Evolve Transition Infrastructure LP (AMEX:SNMP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1360 Post Oak Boulevard, Suite 2400, Houston, TX, USA, 77056

Website

https://www.evolvetransition.com

Evolve Transition Infrastructure LP is focused on the acquisition, development, and ownership of infrastructure critical to the transition of energy supply to lower carbon sources. It owns natural gas gathering systems, pipelines, and processing facilities in South Texas and continues to pursue energy transition infrastructure opportunities. It generates revenue from Gathering and transportation lease revenues.

Executives

Stonepeak Gp Holdings Lp	10 percent owner	55 HUDSON YARDS, 550 W. 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Stonepeak Gp Investors Holdings Lp	10 percent owner, other: See Remarks	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Stonepeak Gp Investors Upper Holdings Lp	10 percent owner, other: See Remarks	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Stonepeak Gp Investors Holdings Manager Llc	10 percent owner, other: See Remarks	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
David D Kinder	director	510 BERING DRIVE, SUITE 220, HOUSTON TX 77057
Michael A Heim	director	TARGA RESOURCES PARTNERS LP, 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002
Michael A. Keuss	officer: President / Chief Oper. Off.	1360 POST OAK BLVD., SUITE 2400, HOUSTON TX 77056
Randall L. Gibbs	director, officer: Chief Executive Officer	1360 POST OAK BLVD., SUITE 2400, HOUSTON TX 77056
Hartigan Jonathan C. M.	officer: President / Chief Invest. Off.	1360 POST OAK BLVD., SUITE 2400, HOUSTON TX 77056
Gerald F Willinger	director	1360 POST OAK BLVD, SUITE 2400, HOUSTON TX 77056
Stonepeak Texas Midstream Holdco Llc	10 percent owner, other: See Remarks	550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Sanchez Antonio R Iii	director, 10 percent owner	1360 POST OAK BLVD, SUITE 2400, HOUSTON TX 77056
Michael Bricker	director	55 HUDSON YARDS, 550 W 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Sp Common Equity Subsidiary Llc	10 percent owner	1360 POST OAK BLVD, SUITE 2400, HOUSTON TX 77056
Steen John T Iii	director	55 HUDSON YARDS, 550 W 34TH STREET, 48TH FLOOR, NEW YORK NY 10001