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Enbridge Energy Partners LP (Enbridge Energy Partners LP) Debt-to-EBITDA : 5.15 (As of Sep. 2018)


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What is Enbridge Energy Partners LP Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Enbridge Energy Partners LP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2018 was $600 Mil. Enbridge Energy Partners LP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2018 was $6,876 Mil. Enbridge Energy Partners LP's annualized EBITDA for the quarter that ended in Sep. 2018 was $1,452 Mil. Enbridge Energy Partners LP's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2018 was 5.15.

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 Enbridge Energy Partners LP's Debt-to-EBITDA or its related term are showing as below:

EEP's Debt-to-EBITDA is not ranked *
in the Oil & Gas industry.
Industry Median: 1.74
* Ranked among companies with meaningful Debt-to-EBITDA only.

Enbridge Energy Partners LP Debt-to-EBITDA Historical Data

The historical data trend for Enbridge Energy 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.

Enbridge Energy Partners LP Debt-to-EBITDA Chart

Enbridge Energy Partners LP Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.95 4.14 5.69 8.18 4.49

Enbridge Energy Partners LP Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.71 3.55 4.83 5.11 5.15

Competitive Comparison of Enbridge Energy Partners LP's Debt-to-EBITDA

For the Oil & Gas Midstream subindustry, Enbridge Energy 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.


Enbridge Energy Partners LP's Debt-to-EBITDA Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Enbridge Energy Partners LP's Debt-to-EBITDA falls into.



Enbridge Energy Partners LP Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Enbridge Energy Partners LP's Debt-to-EBITDA for the fiscal year that ended in Dec. 2017 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(500 + 6976) / 1667
=4.48

Enbridge Energy Partners LP's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2018 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(600 + 6876) / 1452
=5.15

* 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 (Sep. 2018) EBITDA data.


Enbridge Energy Partners LP  (NYSE:EEP) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

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.


Enbridge Energy Partners LP Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Enbridge Energy Partners LP's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.


Enbridge Energy Partners LP (Enbridge Energy Partners LP) Business Description

Traded in Other Exchanges
N/A
Address
Enbridge Energy Partners is a master limited partnership, formed by its general partner, Enbridge Inc. The company operates crude oil pipelines in the United States. Its crude oil infrastructure is highlighted by the Lakehead system, the U.S. portion of the Canadian Mainline pipeline system.
Executives
Dan Allen Westbrook director 5400 WESTHEIMER COURT, HOUSTON TX 77056
James Herbert England director 15687 VILLORESI WAY, NAPLES FL 34110
Stephen J Neyland director, officer: Vice President 5400 WESTHEIMER COURT, HOUSTON TX 77056
Mark A. Maki director, officer: President 425 - 1ST STREET S.W., CALGARY A0 T2P 3L8
William S Waldheim director 304 MARINA VIEW CT., LAKEWAY TX 78734
Laura Buss Sayavedra director 5400 WESTHEIMER COURT, HOUSTON TX 77056
Allen C Capps officer: Controller 5400 WESTHEIMER COURT, HOUSTON TX 77056-5310
Cynthia L Hansen officer: Sr.VP-Liquids Pipelines, Ops 500 CONSUMERS ROAD, NORTH YORK A6 M2J 1P8
John K Whelen director 425 - 1ST STREET SW, CALGARY A0 T2P 3L8
D Guy Jarvis director, officer: Exec Vice Pres.-Liquids PL 3000, 425 - 1ST STREET SW, CALGARY A0 T2P 3L8
C Gregory Harper director 185 INTERNATIONAL DRIVE, PORTSMOUTH NH 03801
Rebecca B Roberts director 1000 LOUISIANA, SUITE 5800, HOUSTON TX 77002
George K Petty director, other: Reitred Director-ret.w/n 6 mos 1317 HANOVER PLACE, SAN LUIS OBISPO CA 93401
Byron C Neiles officer: Vice President -Major Projects 3000, 425 1ST STREET SW, CALGARY A0 T2P 3L8
Letwin Stephen J J director, officer: Managing Director HESS MIDSTREAM PARTNERS LP, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036

Enbridge Energy Partners LP (Enbridge Energy Partners LP) Headlines

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