SMC (Summit Midstream) Debt-to-Equity : 2.12 (As of Dec. 2024)

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What is Summit Midstream Debt-to-Equity?

Summit Midstream's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $16.6 Mil. Summit Midstream's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $977.0 Mil. Summit Midstream's Total Stockholders Equity for the quarter that ended in Dec. 2024 was $467.8 Mil. Summit Midstream's debt to equity for the quarter that ended in Dec. 2024 was 2.12.

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

SMC' s Debt-to-Equity Range Over the Past 10 Years
Min: -116.32 Med: 1.28 Max: 2.72
Current: 2.12

During the past 13 years, the highest Debt-to-Equity Ratio of Summit Midstream was 2.72. The lowest was -116.32. And the median was 1.28.

SMC's Debt-to-Equity is ranked worse than
89.6% of 817 companies
in the Oil & Gas industry
Industry Median: 0.45 vs SMC: 2.12

Summit Midstream Debt-to-Equity Historical Data

The historical data trend for Summit Midstream'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.

Summit Midstream Debt-to-Equity Chart

Summit Midstream Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

Get a 7-Day Free Trial

-7.24

1.50

1.95

2.05

2.12

Summit Midstream Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															2.05	1.36	1.13	1.47	2.12

Competitive Comparison of Summit Midstream's Debt-to-Equity

For the Oil & Gas Midstream subindustry, Summit Midstream'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.

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

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

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

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Summit Midstream Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Summit Midstream's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(16.58	+	976.995)	/	467.792
	=	2.12

Summit Midstream's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(16.58	+	976.995)	/	467.792
	=	2.12

Summit Midstream (NYSE:SMC) 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.

Summit Midstream Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Summit Midstream's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Summit Midstream Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Summit Midstream Corp (NYSE:SMC) » Definitions » Debt-to-Equity

Comparable Companies

PBT TEN NAT TK KNOP NGL EE DLNG MMLP IMPP TSX:ENB EPD WMB ET KMI OKE MPLX LNG TSX:TRP TRGP

Traded in Other Exchanges

N/A

Address

910 Louisiana Street, Suite 4200, Houston, TX, USA, 77002

Website

https://www.summitmidstream.com

Summit Midstream Corp is a value-driven corporation focused on developing, owning and operating midstream energy infrastructure assets strategically located in unconventional resource basins, shale formations, in the continental U.S. It currently operates natural gas, crude oil and produced water gathering systems in four unconventional resource basins: the Williston Basin in North Dakota, which includes the Bakken and Three Forks shale formations; the Denver-Julesburg Basin, which includes the Niobrara and Codell shale formations in Colorado and Wyoming; the Fort Worth Basin in Texas, which includes the Barnett Shale formation; and the Piceance Basin in Colorado, which includes the liquids-rich Mesaverde formation as well as the emerging Mancos and Niobrara Shale formations.

Executives

Jerry L Peters	director, other: See Remarks	1811 AKSARBEN DRIVE, OMAHA NE 68106
J Heath Deneke	director, officer: See remarks below.	700 LOUISIANA STREET, SUITE 2550, HOUSTON TX 77002
James David Johnston	officer: See remarks below.	910 LOUISIANA STREET, SUITE 4200, HOUSTON TX 77002
Rommel M. Oates	director, other: See Remarks.	910 LOUISIANA STREET, SUITE 4200, HOUSTON TX 77002
William J. Mault	officer: See remarks below.	910 LOUISIANA STREET, SUITE 4200, HOUSTON TX 77002
Matthew B. Sicinski	officer: See remarks below.	910 LOUISIANA STREET, SUITE 4200, HOUSTON TX 77002
James J Cleary	director, other: See Remarks.	12 E. 49TH STREET, 39TH FLOOR, NEW YORK NY 10017
Robert Joseph Mcnally	director, other: See Remarks.	625 LIBERTY AVENUE, SUITE 1700, C/O EQT CORPORATION, PITTSBURGH PA 15222
Marguerite Woung-chapman	director, other: See Remarks.	1001 LOUISIANA, HOUSTON TX 77002
Christopher M Leininger	director, other: See Remarks.	11943 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130
Francesco Ciabatti	director, other: See Remarks.	51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078
James Lee Jacobe	director, other: See Remarks.	1790 HUGHES LANDING BLVD., SUITE 500, THE WOODLANDS TX 77380
Energy Capital Partners Ii (summit Co-invest), Lp	director, 10 percent owner	C/O ENERGY CAPITAL PARTNERS II, 51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078
Energy Capital Partners Ii-c (summit Ip), Lp	director, 10 percent owner	51 JOHN F. KENNEDY PARKWAY, SUITE 1250, SHORT HILLS NJ 07078
Energy Capital Partners Ii-b Ip, Lp	director, 10 percent owner	51 JOHN F. KENNEDY PARKWAY, SUITE 1250, SHORT HILLS NJ 07078