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NGL Energy Partners LPNGL +0.50%48 Equity-to-Asset is 0.01 as of Jun. 2026, which is 96% below its 10-year median of 0.24. GuruFocus rates NGL with a GF Score™ of 48/100 and a GF Value™ of $4.39 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,033 Oil & Gas companies, NGL Energy Partners LP ranks worse than 91.29% on this metric.
NGL Energy Partners LP (NYSE:NGL) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
NGL Energy Partners LP Equity-to-Asset Related Terms
NGL Energy Partners LP Equity-to-Asset Historical Data
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The historical data trend for NGL Energy Partners LP's Equity-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.
For the Oil & Gas Midstream subindustry, NGL Energy Partners LP's Equity-to-Asset, along with its competitors' market caps and Equity-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.
NGL Energy Partners LP Equity-to-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NGL Energy Partners LP's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where NGL Energy Partners LP's Equity-to-Asset falls into.
NGL Energy Partners LP Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
NGL Energy Partners LP's Equity to Asset Ratio for the fiscal year that ended in Mar. 2026 is calculated as
* 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.
NGL Energy Partners LP (NGL) has a Equity-to-Asset of 0.01 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on NGL Energy Partners LP and its competitors. This is 96% below median its historical median of 0.24. According to the industry distribution chart, NGL Energy Partners LP ranks #943 out of 1033 companies in the Oil & Gas industry, placing it in the top 91.3%.
Is NGL Energy Partners LP's Equity-to-Asset too high?
NGL Energy Partners LP's current Equity-to-Asset of 0.01 is 96% below median its 10-year median of 0.24. The Oil & Gas industry median Equity-to-Asset is 0.49. NGL Energy Partners LP's value of 0.01 is 98% below this industry median. Based on the distribution chart, NGL Energy Partners LP ranks #943 out of 1033 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, NGL Energy Partners LP has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NGL Energy Partners LP's Equity-to-Asset compare to LPG and GEL?
According to the Oil & Gas industry distribution chart, NGL Energy Partners LP ranks #943 out of 1033 companies for Equity-to-Asset. This places NGL Energy Partners LP in the lower half of its industry. The industry median Equity-to-Asset is 0.49. NGL Energy Partners LP's value of 0.01 is 98% below this benchmark. While the company's 10-year median is 0.24 vs. the industry median of 0.49, NGL Energy Partners LP has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for an Oil & Gas company?
The median Equity-to-Asset among Oil & Gas companies is 0.49, based on 1,033 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NGL Energy Partners LP's current Equity-to-Asset of 0.01 is 98% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on NGL Energy Partners LP and its competitors. For the Oil & Gas industry, the median Equity-to-Asset is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NGL Energy Partners LP's current Equity-to-Asset is 0.01, which is 96% below median its own 10-year median of 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NGL Energy Partners LP stock overvalued right now?
Based on GuruFocus' analysis, NGL Energy Partners LP (NGL) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.39, compared to a current price of $17.09 — trading 289.2% above its estimated fair value. The current Equity-to-Asset is 0.01, which is 96% below median its 10-year median of 0.24 and 98% below the Oil & Gas industry median of 0.49. NGL Energy Partners LP's overall GF Score™ is 48/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For NGL Energy Partners LP (NGL), the current Equity-to-Asset is 0.01 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is NGL Energy Partners LP (NGL) Overvalued in 2026?
Based on GuruFocus' analysis, NGL Energy Partners LP stock appears to be overvalued.
The current stock price of $17.09 is trading 289.2% above its estimated GF Value™ of $4.39.
GuruFocus considers NGL Energy Partners LP to be Significantly Overvalued.
Key valuation signals for NGL:
Equity-to-Asset: 0.01 (96% below median its 10-year median of 0.24)
GF Value™: $4.39 vs. price of $17.09 (289.2% above fair value)
Industry Position: 98% below the Oil & Gas median (#943 of 1033)
No single metric tells the full story. See the NGL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NGL Energy Partners LP is a USA-based firm that owns and operates a vertically integrated energy business. The company's operating segments include Crude Oil Logistics, Water Solutions, and Liquids Logistics. It operates crude oil Logistics, owns pipeline injection stations, and offers services for the treatment and disposal of wastewater generated from crude oil and natural gas production, as well as for the disposal of solids, such as tank bottoms and drilling fluids. The firm also supplies natural gas liquids to retailers, wholesalers, refiners, and petrochemical plants and sells propane and distillates.
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