Tidewater Midstream and Infrastructure (TSX:TWM) Debt-to-Equity : 1.86 (As of Sep. 2024)

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What is Tidewater Midstream and Infrastructure Debt-to-Equity?

Tidewater Midstream and Infrastructure's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$28 Mil. Tidewater Midstream and Infrastructure's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$534 Mil. Tidewater Midstream and Infrastructure's Total Stockholders Equity for the quarter that ended in Sep. 2024 was C$302 Mil. Tidewater Midstream and Infrastructure's debt to equity for the quarter that ended in Sep. 2024 was 1.86.

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

TSX:TWM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 1.4 Max: 2.64
Current: 1.86

During the past 9 years, the highest Debt-to-Equity Ratio of Tidewater Midstream and Infrastructure was 2.64. The lowest was 0.06. And the median was 1.40.

TSX:TWM's Debt-to-Equity is ranked worse than
87.38% of 824 companies
in the Oil & Gas industry
Industry Median: 0.47 vs TSX:TWM: 1.86

Tidewater Midstream and Infrastructure Debt-to-Equity Historical Data

The historical data trend for Tidewater Midstream and Infrastructure'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.

Tidewater Midstream and Infrastructure Debt-to-Equity Chart

Tidewater Midstream and Infrastructure Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.15

2.44

1.44

1.30

2.47

Tidewater Midstream and Infrastructure 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															1.55	2.47	1.77	1.70	1.86

Competitive Comparison of Tidewater Midstream and Infrastructure's Debt-to-Equity

For the Oil & Gas Midstream subindustry, Tidewater Midstream and Infrastructure'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.

Tidewater Midstream and Infrastructure's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

Tidewater Midstream and Infrastructure Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tidewater Midstream and Infrastructure'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
	=	(529.8	+	239.2)	/	310.8
	=	2.47

Tidewater Midstream and Infrastructure'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
	=	(27.8	+	534.3)	/	301.7
	=	1.86

Tidewater Midstream and Infrastructure (TSX:TWM) 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.

Tidewater Midstream and Infrastructure Debt-to-Equity Related Terms

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

Tidewater Midstream and Infrastructure Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tidewater Midstream and Infrastructure Ltd (TSX:TWM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TWMIF:USA TL5:Germany

Address

222 - 3rd Avenue SouthWest, Suite 900, Calgary, AB, CAN, T2P 0B4

Website

https://www.tidewatermidstream.com

Tidewater Midstream and Infrastructure Ltd is a Canadian company that is engaged in providing midstream infrastructure and a natural gas storage facility. It mainly focuses on the purchase, sale, and transportation of Natural Gas Liquids (NGLs) such as propane, butane and natural gasoline throughout North America and export to premium markets. The business activities of the company include gathering, processing, and transportation relates to raw gas gathering systems, processing plants and pipelines, NGL marketing and Extraction, refined products, and other activities. Its business segments consist of Midstream; Downstream; Marketing and others. The company generates maximum revenue from the Marketing and other.

Executives

Jared Ian Arling Strom Gurevitch	Senior Officer
Robert Colcleugh	Director, Senior Officer
Reed Mcdonnell	Senior Officer
Joel Macleod	Director
Douglas Scott Fraser	Director
Joel Kyle Vorra	Senior Officer
Birch Hill Equity Partners Management Inc.	10% Security Holder
Jarvis Williams	Senior Officer

Tidewater Midstream and Infrastructure Headlines

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