Noble Midstream Partners LP (Noble Midstream Partners LP) Debt-to-EBITDA : 5.51 (As of Mar. 2021)

View and export this data going back to 2016. Start your Free Trial

What is Noble Midstream Partners LP Debt-to-EBITDA?

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

Noble Midstream Partners LP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2021 was $502.0 Mil. Noble Midstream Partners LP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2021 was $1,059.7 Mil. Noble Midstream Partners LP's annualized EBITDA for the quarter that ended in Mar. 2021 was $283.4 Mil. Noble Midstream Partners LP's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2021 was 5.51.

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

NBLX' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.04 Med: 1.78 Max: 7.08
Current: 5.09

During the past 8 years, the highest Debt-to-EBITDA Ratio of Noble Midstream Partners LP was 7.08. The lowest was 0.04. And the median was 1.78.

NBLX's Debt-to-EBITDA is not ranked
in the Oil & Gas industry.
Industry Median: 1.74 vs NBLX: 5.09

Noble Midstream Partners LP Debt-to-EBITDA Historical Data

The historical data trend for Noble 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.

Noble Midstream Partners LP Debt-to-EBITDA Chart

Noble Midstream Partners LP Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Debt-to-EBITDA

Get a 7-Day Free Trial

0.04

0.40

1.78

4.12

7.08

Noble Midstream Partners LP Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Debt-to-EBITDA	Get a 7-Day Free Trial															-90.13	4.89	5.73	5.26	5.51

Competitive Comparison of Noble Midstream Partners LP's Debt-to-EBITDA

For the Oil & Gas Midstream subindustry, Noble 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.

Noble Midstream Partners LP's Debt-to-EBITDA Distribution in the Oil & Gas Industry

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

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

Noble Midstream Partners LP Debt-to-EBITDA Calculation

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

Noble Midstream Partners LP's Debt-to-EBITDA for the fiscal year that ended in Dec. 2020 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(501.856	+	1109.652)	/	227.516
	=	7.08

Noble Midstream Partners LP's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2021 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(501.959	+	1059.705)	/	283.38
	=	5.51

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 (Mar. 2021) EBITDA data.

Noble Midstream Partners LP (NAS:NBLX) 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.

Noble Midstream Partners LP Debt-to-EBITDA Related Terms

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

Noble Midstream Partners LP (Noble Midstream Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Noble Midstream Partners LP (NAS:NBLX) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

1001 Noble Energy Way, Houston, TX, USA, 77070

Website

http://www.nblmidstream.com

Noble Midstream Partners LP is to own, operate, develop and acquire a wide range of domestic midstream infrastructure assets. It provides crude oil, natural gas, and water-related midstream services through long-term, fixed-fee contracts. The company has four reportable segments which are Gathering Systems, Fresh Water Delivery Investments in midstream entities, and Corporate. It generates maximum revenue from the Gathering Systems segment. The company focuses on DJ Basin in Colorado and the Delaware Basin in Texas.

Executives

Thomas W. Christensen	officer: Chief Financial Officer	1001 NOBLE ENERGY WAY HOUSTON TX 77070
Noble Energy Inc	director, 10 percent owner	1001 NOBLE ENERGY WAY HOUSTON TX 77070
Nbl Midstream, Llc	director, 10 percent owner	1001 NOBLE ENERGY WAY HOUSTON TX 77070
Stephen Wayne Green	director	1001 NOBLE ENERGY WAY HOUSTON TX 77070
Andrei Fb Behdjet	director	1001 NOBLE ENERGY WAY HOUSTON TX 77070
Chevron Corp	director, 10 percent owner	6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Alana K Knowles	director	6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Parfitt Colin E	director	6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Brent J Smolik	director, officer: Chief Executive Officer	1001 NOBLE ENERGY WAY, HOUSTON TX 77070
Martin Salinas	director	1001 NOBLE ENERGY WAY, HOUSTON TX 77070
Aaron G Carlson	officer: General Counsel & Secretary	1001 NOBLE ENERGY WAY HOUSTON TX 77070
Robin H Fielder	officer: President & COO	1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380
Phillip S Welborn	officer: Chief Accounting Officer	1001 NOBLE ENERGY WAY HOUSTON TX 77070
Hallie A. Vanderhider	director	600 TRAVIS STREET, SUITE 3250, HOUSTON TX 77002
Andy Viens	director	370 17TH STREET, SUITE 2775, DENVER CO 80202