Equity to Asset ratio is calculated as total stockholders equity divided by total asset. MPLX LP's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-4 Mil. MPLX LP's Total Assets for the quarter that ended in Dec. 2023 was $36,529 Mil.
Therefore, MPLX LP's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.00.
The historical rank and industry rank for MPLX LP's Equity-to-Asset or its related term are showing as below:
During the past 13 years, the highest Equity to Asset Ratio of MPLX LP was 0.63. The lowest was 0.00. And the median was 0.49.
MPLX's Equity-to-Asset is not ranked *
in the Oil & Gas industry.
Industry Median: 0.51 * Ranked among companies with meaningful Equity-to-Asset only.
MPLX LP Equity-to-Asset Historical Data
The historical data trend for MPLX 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.
Competitive Comparison of MPLX LP's Equity-to-Asset
For the Oil & Gas Midstream subindustry, MPLX 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.
MPLX LP's Equity-to-Asset Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, MPLX LP's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where MPLX LP's Equity-to-Asset falls into.
MPLX 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.
MPLX LP's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 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.
MPLX LP (NYSE:MPLX) 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%.
MPLX LP Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of MPLX LP's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
MPLX is a partnership that owns both pipelines and gathering and processing assets with extensive holdings in the Appalachian region. The asset base is made up of pipeline assets dropped down from Marathon Petroleum, its sponsor, and gathering and processing assets from MarkWest, which it acquired in 2015. MPLX also acquired Andeavor Logistics in July 2019.
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