Shell Midstream Partners LP (Shell Midstream Partners LP) Debt-to-Asset : 1.15 (As of Jun. 2022)

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What is Shell Midstream Partners LP Debt-to-Asset?

Shell Midstream Partners LP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $250.0 Mil. Shell Midstream Partners LP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $2,317.0 Mil. Shell Midstream Partners LP's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2022 was $2,231.0 Mil. Shell Midstream Partners LP's debt to asset for the quarter that ended in Jun. 2022 was 1.15.

Shell Midstream Partners LP Debt-to-Asset Historical Data

The historical data trend for Shell Midstream Partners LP's Debt-to-Asset 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.

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Shell Midstream Partners LP Debt-to-Asset Chart

Shell Midstream Partners LP Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Debt-to-Asset

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1.37

1.11

1.35

1.16

1.17

Shell Midstream Partners LP Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Debt-to-Asset	Get a 7-Day Free Trial															1.17	1.17	1.17	1.17	1.15

Competitive Comparison of Shell Midstream Partners LP's Debt-to-Asset

For the Oil & Gas Midstream subindustry, Shell Midstream Partners LP's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Shell Midstream Partners LP's Debt-to-Asset Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Shell Midstream Partners LP's Debt-to-Asset falls into.

Shell Midstream Partners LP Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Shell Midstream Partners LP's Debt-to-Asset for the fiscal year that ended in Dec. 2021 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(400	+	2319)	/	2318
	=	1.17

Shell Midstream Partners LP's Debt-to-Asset for the quarter that ended in Jun. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(250	+	2317)	/	2231
	=	1.15

Shell Midstream Partners LP (NYSE:SHLX) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Shell Midstream Partners LP Debt-to-Asset Related Terms

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Shell Midstream Partners LP (Shell Midstream Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shell Midstream Partners LP (NYSE:SHLX) » Definitions » Debt-to-Asset

Comparable Companies

DTM ENLC AM DCP ETRN PAA CEQP GLNG VNOM DKL TSX:ENB EPD TSX:TRP WMB KMI ET LNG MPLX OKE CQP

Traded in Other Exchanges

N/A

Address

150 North Dairy Ashford Road, A0482-A, Houston, TX, USA, 77079

Website

http://www.shellmidstreampartners.com

Shell Midstream Partners LP is a US-based limited partnership that is formed to own, operate, develop and acquire pipelines and other midstream assets. The company holds an interest in several entities which own crude oil, refined products and natural gas pipelines, and crude tank storage and terminal system. It provides a transportation and storage facility to deliver refined products from Gulf Coast markets to demand centers. The company earns revenue through the long-term transportation agreements by charging fees for the transportation of crude oil and refined products through its pipelines.

Executives

Sopc Holdings West Llc	10 percent owner	150 N. DAIRY ASHFORD RD., HOUSTON TX 77079
Fierro A Carlos	director	910 LOUISIANA STREET, HOUSTON TX 77002
Gregory T. Mouras	officer: Vice President, Operations	P.O. BOX 61933, NEW ORLEANS LA 70161
Sean Guillory	officer: Vice President, Commercial	150 N. DAIRY ASHFORD, HOUSTON TX 77079
Shawn J. Carsten	officer: Chief Financial Officer	ONE SHELL PLAZA, 910 LOUISIANA STREET, HOUSTON TX 77002
Steven Ledbetter	officer: Vice President - Commercial	2828 N. HARWOOD ST., SUITE 1300, DALLAS TX 75201
Cynthia V. Hablinski	director	150 N. DAIRY ASHFORD, HOUSTON TX 77079
David A. Connolly	director	1000 MAIN STREET, LEVEL 12, HOUSTON TX 77002
Stanley Jesse C. H.	officer: Vice President, Operations	150 N. DAIRY ASHFORD, HOUSTON TX 77079
Shell Pipeline Co Lp	10 percent owner	TWO SHELL PLAZA, 777 WALKER STREET, HOUSTON TX 77002
Lori M Muratta	officer: See Remarks	910 LOUISIANA STREET, HOUSTON TX 77002
Anne C. Anderson	director	150 N. DAIRY ASHFORD, HOUSTON TX 77079
James J Bender	director	1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Rob L. Jones	director	555 EAST AIRTEX DRIVE, HOUSTON TX 77073
Nick Arzymanow	officer: Controller	150 N. DAIRY ASHFORD, HOUSTON TX 77079