GMLPF.PFD (Golar LNG Partners LP) Debt-to-Equity : 2.29 (As of Dec. 2020)

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What is Golar LNG Partners LP Debt-to-Equity?

Golar LNG Partners LP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2020 was $705.48 Mil. Golar LNG Partners LP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2020 was $538.78 Mil. Golar LNG Partners LP's Total Stockholders Equity for the quarter that ended in Dec. 2020 was $543.21 Mil. Golar LNG Partners LP's debt to equity for the quarter that ended in Dec. 2020 was 2.29.

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

GMLPF.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.94 Med: 2.57 Max: 6.79
Current: 2.29

During the past 12 years, the highest Debt-to-Equity Ratio of Golar LNG Partners LP was 6.79. The lowest was 1.94. And the median was 2.57.

GMLPF.PFD's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.47 vs GMLPF.PFD: 2.29

Golar LNG Partners LP Debt-to-Equity Historical Data

The historical data trend for Golar LNG Partners 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.

Golar LNG Partners LP Debt-to-Equity Chart

Golar LNG Partners LP Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Debt-to-Equity

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2.78

1.94

2.05

2.35

2.29

Golar LNG Partners LP Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Debt-to-Equity	Get a 7-Day Free Trial															2.35	2.60	2.51	2.40	2.29

Competitive Comparison of Golar LNG Partners LP's Debt-to-Equity

For the Oil & Gas Midstream subindustry, Golar LNG Partners 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.

Golar LNG Partners LP's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

Golar LNG Partners LP Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Golar LNG Partners LP's Debt to Equity Ratio for the fiscal year that ended in Dec. 2020 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
	=	(705.483	+	538.775)	/	543.209
	=	2.29

Golar LNG Partners LP's Debt to Equity Ratio for the quarter that ended in Dec. 2020 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
	=	(705.483	+	538.775)	/	543.209
	=	2.29

Golar LNG Partners LP (OTCPK:GMLPF.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.

Golar LNG Partners LP Debt-to-Equity Related Terms

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Golar LNG Partners LP Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Golar LNG Partners LP (OTCPK:GMLPF.PFD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Par-la-Ville Road, 2nd Floor, South East Pearman Building, Hamilton, BMU, HM 11

Website

https://www.golarlngpartners.com

Golar LNG Partners LP owns and operates floating storage regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term time charters. The company has three reportable segments: LNG, FSRUs, and FING (floating liquefied natural gas vessel). It generates maximum revenue from the FSRUs segment. Its geographical segments are Brazil, Jordan, Indonesia, Kuwait, and the United Arab Emirates. The company's operational FSRU projects include Golar Spirit, Golar Igloo, Golar Eskimo, Golar Winter, Golar Freeze, and Nusantara Regas Satu.