ENLC (EnLink Midstream LLC) Debt-to-Equity : 5.15 (As of Sep. 2024)

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What is EnLink Midstream LLC Debt-to-Equity?

EnLink Midstream LLC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $721 Mil. EnLink Midstream LLC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $4,150 Mil. EnLink Midstream LLC's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $946 Mil. EnLink Midstream LLC's debt to equity for the quarter that ended in Sep. 2024 was 5.15.

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

ENLC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.71 Med: 2.46 Max: 5.15
Current: 5.15

During the past 13 years, the highest Debt-to-Equity Ratio of EnLink Midstream LLC was 5.15. The lowest was 0.71. And the median was 2.46.

ENLC's Debt-to-Equity is ranked worse than
97.69% of 824 companies
in the Oil & Gas industry
Industry Median: 0.47 vs ENLC: 5.15

EnLink Midstream LLC Debt-to-Equity Historical Data

The historical data trend for EnLink Midstream LLC'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.

EnLink Midstream LLC Debt-to-Equity Chart

EnLink Midstream LLC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

2.25

3.09

3.31

3.64

4.59

EnLink Midstream LLC Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															4.37	4.59	5.13	5.11	5.15

Competitive Comparison of EnLink Midstream LLC's Debt-to-Equity

For the Oil & Gas Midstream subindustry, EnLink Midstream LLC'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.

EnLink Midstream LLC's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

EnLink Midstream LLC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

EnLink Midstream LLC'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
	=	(126.1	+	4471)	/	1001.2
	=	4.59

EnLink Midstream LLC's Debt to Equity Ratio for the quarter that ended in Sep. 2024 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
	=	(721.3	+	4149.9)	/	945.8
	=	5.15

EnLink Midstream LLC (NYSE:ENLC) 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.

EnLink Midstream LLC Debt-to-Equity Related Terms

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EnLink Midstream LLC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » EnLink Midstream LLC (NYSE:ENLC) » Definitions » Debt-to-Equity

Comparable Companies

AM VNOM FRO GLNG HESM PAGP KNTK DTM STNG INSW TSX:ENB WMB EPD OKE ET KMI TSX:TRP MPLX LNG TRGP

Traded in Other Exchanges

0E41:Germany

Address

1722 Routh Street, Suite 1300, Dallas, TX, USA, 75201

Website

https://www.enlink.com

EnLink Midstream LLC is an integrated midstream company. The company's operating segment includes Permian; North Texas; Oklahoma; Louisiana and Corporate. The company generates maximum revenue from the Louisiana segment. The Louisiana segment includes natural gas pipelines, natural gas processing plants, storage facilities, fractionation facilities, and NGL assets.

Executives

Global Infrastructure Investors Iii, Llc	10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Benjamin D Lamb	officer: SVP-Finance & Corporate Dev.	2501 CEDAR SPRINGS, SUITE 100, DALLAS TX 75201
Jan Philipp Rossbach	officer: VP & Chief Accounting Officer	1722 ROUTH STREET, SUITE 1300, DALLAS TX 75201
Adam S Forman	officer: EVP and General Counsel	1001 LOUISIANA STREET, SUITE 1000, HOUSTON TX 77002
Dilanka Seimon	officer: EVP and CCO	1722 ROUTH STREET, DALLAS TX 75201
Alaina K Brooks	officer: SVP, General Counsel	2501 CEDAR SPRINGS, SUITE 100, DALLAS TX 75201
Walter Pinto	officer: EVP and COO	1722 ROUTH STREET, DALLAS TX 75201
Kyle D Vann	director	11 HEPPLEWHITE WAY, THE WOODLANDS TX 77382
Jesse Arenivas	director, officer: Chief Executive Officer	1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Benjamin M Daniel	director	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Tiffany Thom Cepak	director	C/O PATTERSON-UTI ENERGY, INC., 10713 WEST SAM HOUSTON PARKWAY NORTH, SU, HOUSTON TX 77064
Goldman Sachs Group Inc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Wsip Egypt Holdings, Lp	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Richard P Schifter	director	301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Scott E Telesz	director	39 OLD RIDGEBURY ROAD, DANBURY CT 06810-5113