HMLPF.PFD (Hoegh LNG Partners LP) Debt-to-Equity : 0.62 (As of Sep. 2022)

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

Hoegh LNG Partners LP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $68.29 Mil. Hoegh LNG Partners LP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $305.90 Mil. Hoegh LNG Partners LP's Total Stockholders Equity for the quarter that ended in Sep. 2022 was $602.91 Mil. Hoegh LNG Partners LP's debt to equity for the quarter that ended in Sep. 2022 was 0.62.

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

HMLPF.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: -5.77 Med: 0.91 Max: 3.59
Current: 0.67

During the past 10 years, the highest Debt-to-Equity Ratio of Hoegh LNG Partners LP was 3.59. The lowest was -5.77. And the median was 0.91.

HMLPF.PFD's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.45 vs HMLPF.PFD: 0.67

Hoegh LNG Partners LP Debt-to-Equity Historical Data

The historical data trend for Hoegh 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.

Hoegh LNG Partners LP Debt-to-Equity Chart

Hoegh LNG Partners LP Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Debt-to-Equity

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1.12

0.91

0.93

0.88

0.78

Hoegh LNG Partners LP Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Debt-to-Equity	Get a 7-Day Free Trial															0.82	0.78	0.70	0.67	0.62

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

For the Oil & Gas Midstream subindustry, Hoegh 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.

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

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

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

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Hoegh LNG Partners LP Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hoegh LNG Partners LP'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
	=	(46.448	+	364.629)	/	530.52
	=	0.77

Hoegh LNG Partners LP's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(68.292	+	305.902)	/	602.914
	=	0.62

Hoegh LNG Partners LP (OTCPK:HMLPF.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.

Hoegh LNG Partners LP Debt-to-Equity Related Terms

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Hoegh LNG Partners LP Business Description

Industry

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

Comparable Companies

GPP GLOP TNP TK NGL BKEP OSG SMLP MMLP DLNG TSX:ENB EPD TSX:TRP WMB KMI ET LNG MPLX OKE CQP

Traded in Other Exchanges

N/A

Address

22 Victoria Street, Canon's Court, Hamilton, BMU, HM 12

Website

https://www.hoeghlngpartners.com

Hoegh LNG Partners LP is a floating LNG service provider, to own, operate and acquire floating storage and regasification units (FSRUs), LNG carriers and other LNG infrastructure assets.