EnLink Midstream LLC (EnLink Midstream LLC) LT-Debt-to-Total-Asset : 0.54 (As of Dec. 2023)

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What is EnLink Midstream LLC LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. EnLink Midstream LLC's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.54.

EnLink Midstream LLC's long-term debt to total assets ratio declined from Dec. 2022 (0.55) to Dec. 2023 (0.54). It may suggest that EnLink Midstream LLC is progressively becoming less dependent on debt to grow their business.

EnLink Midstream LLC LT-Debt-to-Total-Asset Historical Data

The historical data trend for EnLink Midstream LLC's LT-Debt-to-Total-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.

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EnLink Midstream LLC LT-Debt-to-Total-Asset Chart

EnLink Midstream LLC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.51

0.50

0.51

0.55

0.54

EnLink Midstream LLC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.55	0.57	0.55	0.54	0.54

EnLink Midstream LLC LT-Debt-to-Total-Asset Calculation

EnLink Midstream LLC's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	4471	/	8328.6
	=	0.54

EnLink Midstream LLC's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	4471	/	8328.6
	=	0.54

EnLink Midstream LLC (NYSE:ENLC) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

EnLink Midstream LLC LT-Debt-to-Total-Asset Related Terms

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EnLink Midstream LLC (EnLink Midstream LLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » EnLink Midstream LLC (NYSE:ENLC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

DTM AM ETRN FRO STNG PAGP VNOM NS HESM INSW TSX:ENB EPD ET WMB OKE MPLX TSX:TRP KMI LNG TRGP

Traded in Other Exchanges

0E41:Germany

Address

1722 Routh Street, Suite 1300, Dallas, TX, USA, 75201

Website

https://www.enlink.com

EnLink Midstream LLC is an integrated midstream company. The company's operating segment includes Permian; North Texas; Oklahoma; Louisiana and Corporate. The company generates maximum revenue from the Louisiana segment. The Louisiana segment includes natural gas pipelines, natural gas processing plants, storage facilities, fractionation facilities, and NGL assets.

Executives

Adam S Forman	officer: EVP and General Counsel	1001 LOUISIANA STREET, SUITE 1000, HOUSTON TX 77002
Dilanka Seimon	officer: EVP and CCO	1722 ROUTH STREET, DALLAS TX 75201
Alaina K Brooks	officer: SVP, General Counsel	2501 CEDAR SPRINGS, SUITE 100, DALLAS TX 75201
Jan Philipp Rossbach	officer: VP & Chief Accounting Officer	1722 ROUTH STREET, SUITE 1300, DALLAS TX 75201
Benjamin D Lamb	officer: SVP-Finance & Corporate Dev.	2501 CEDAR SPRINGS, SUITE 100, DALLAS TX 75201
Walter Pinto	officer: EVP and COO	1722 ROUTH STREET, DALLAS TX 75201
Kyle D Vann	director	11 HEPPLEWHITE WAY, THE WOODLANDS TX 77382
Jesse Arenivas	director, officer: Chief Executive Officer	1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Benjamin M Daniel	director	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Tiffany Thom Cepak	director	C/O PATTERSON-UTI ENERGY, INC., 10713 WEST SAM HOUSTON PARKWAY NORTH, SU, HOUSTON TX 77064
Goldman Sachs Group Inc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Wsip Egypt Holdings, Lp	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Richard P Schifter	director	301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Scott E Telesz	director	39 OLD RIDGEBURY ROAD, DANBURY CT 06810-5113
Pablo G. Mercado,	officer: EVP and CFO	920 MEMORIAL CITY WAY, SUITE 800, HOUSTON TX 77024