Debt-to-EBITDA measures a company's ability to pay off its debt.
Magellan Midstream Partners LP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $31 Mil. Magellan Midstream Partners LP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $5,135 Mil. Magellan Midstream Partners LP's annualized EBITDA for the quarter that ended in Jun. 2022 was $1,194 Mil.
Magellan Midstream Partners LP's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2022 was 4.33.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Magellan Midstream Partners LP's Debt-to-EBITDA or its related term are showing as below:
MMP'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.37 Med: 3.48 Max: 4.09
Current: 4.08
During the past 13 years, the highest Debt-to-EBITDA Ratio of Magellan Midstream Partners LP was 4.09. The lowest was 2.37. And the median was 3.48.
MMP's Debt-to-EBITDA is ranked worse than 70.37% of 712
companies
in the Oil & Gas industry
Industry Median: 2.18
vs MMP: 4.08
Magellan Midstream Partners LP Debt-to-EBITDA Historical Data
The historical data trend for Magellan Midstream Partners LP's Debt-to-EBITDA 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.
Magellan Midstream Partners LP Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Debt-to-EBITDA
3.58
2.37
3.43
4.09
3.79
Magellan 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-EBITDA
3.45
3.88
3.76
4.94
4.33
Competitive Comparison
For the Oil & Gas Midstream subindustry, Magellan Midstream Partners LP's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.
Magellan Midstream Partners LP Debt-to-EBITDA Distribution
For the Oil & Gas industry and Energy sector, Magellan Midstream Partners LP's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Magellan Midstream Partners LP's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Jun. 2022) EBITDA data.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Magellan Midstream Partners LP Debt-to-EBITDA Related Terms
Thank you for viewing the detailed overview of Magellan Midstream Partners LP's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.
Magellan Midstream Partners LP Business Description
Magellan Midstream Partners is a master limited partnership that operates pipelines and storage terminals in the Central and Eastern United States. Its assets transport, store, and distribute refined petroleum products and crude and earn a fee-based stream of cash flows. Assets include the country's longest petroleum pipeline network and several crude oil pipelines. Refined products make about 70% of operating margin, with the remainder mainly crude-oil pipelines.
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