ET (Energy Transfer LP) LT-Debt-to-Total-Asset: 0.48 (As of Mar. 2026)

What is Energy Transfer LP LT-Debt-to-Total-Asset?

Energy Transfer LP ET -0.57% 84 LT-Debt-to-Total-Asset is 0.48 as of Mar. 2026. GuruFocus rates ET with a GF Score™ of 84/100 and a GF Value™ of $19.07 (Fairly Valued). The stock has 10 warning signs investors should review.

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. Energy Transfer LP's long-term debt to total assests ratio for the quarter that ended in Mar. 2026 was 0.48.

Energy Transfer LP's long-term debt to total assets ratio increased from Mar. 2025 (0.48) to Mar. 2026 (0.48). It may suggest that Energy Transfer LP is progressively becoming more dependent on debt to grow their business.

Energy Transfer LP (NYSE:ET) 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.

Energy Transfer LP LT-Debt-to-Total-Asset Related Terms

Energy Transfer LP LT-Debt-to-Total-Asset Historical Data

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The historical data trend for Energy Transfer LP'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.

Energy Transfer LP LT-Debt-to-Total-Asset Chart

Energy Transfer LP Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

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Dec25

LT-Debt-to-Total-Asset

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0.47

0.46

0.48

0.49

Energy Transfer LP Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.48	0.49	0.49	0.49	0.48

84GF Score

Energy Transfer LP ET

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Energy Transfer LP LT-Debt-to-Total-Asset Calculation

Energy Transfer LP's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as

LT Debt to Total Assets (A: Dec. 2025 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2025 )	/	Total Assets (A: Dec. 2025 )
	=	69823	/	141286
	=	0.49

Energy Transfer LP's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2026 is calculated as

LT Debt to Total Assets (Q: Mar. 2026 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2026 )	/	Total Assets (Q: Mar. 2026 )
	=	70886	/	147482
	=	0.48

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →

What does a LT-Debt-to-Total-Asset of 0.48 mean?

Energy Transfer LP (ET) has a LT-Debt-to-Total-Asset of 0.48 as of Mar. 2026. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Energy Transfer LP and its competitors.

Is Energy Transfer LP's LT-Debt-to-Total-Asset too high?

Energy Transfer LP's current LT-Debt-to-Total-Asset is 0.48. Overall, Energy Transfer LP has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Energy Transfer LP's LT-Debt-to-Total-Asset compare to TRGP and KMI?

Energy Transfer LP's LT-Debt-to-Total-Asset of 0.48 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good LT-Debt-to-Total-Asset for an Oil & Gas company?

A good LT-Debt-to-Total-Asset depends on the Oil & Gas industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high LT-Debt-to-Total-Asset mean?

A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Energy Transfer LP and its competitors. Energy Transfer LP's current LT-Debt-to-Total-Asset is 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Energy Transfer LP stock overvalued right now?

Based on GuruFocus' analysis, Energy Transfer LP (ET) is currently considered Fairly Valued. The stock's GF Value™ is $19.07, compared to a current price of $19.06 — trading 0.1% below its estimated fair value. The current LT-Debt-to-Total-Asset is 0.48. Energy Transfer LP's overall GF Score™ is 84/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is LT-Debt-to-Total-Asset calculated?

LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Energy Transfer LP (ET), the current LT-Debt-to-Total-Asset is 0.48 as of Mar. 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 Energy Transfer LP (ET) Overvalued in 2026?

Based on GuruFocus' analysis, Energy Transfer LP stock appears to be undervalued. The current stock price of $19.06 is trading 0.1% below its estimated GF Value™ of $19.07. GuruFocus considers Energy Transfer LP to be Fairly Valued.

Key valuation signals for ET:

LT-Debt-to-Total-Asset: 0.48
GF Value™: $19.07 vs. price of $19.06 (0.1% below fair value)
GF Score™: 84/100 with 10 warning signs

No single metric tells the full story. See the ET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Energy Transfer LP Business Description

Industry Energy Oil & Gas

Comparable Companies TRGP KMI MPLX OKE EPD LNG WMB CQP VG WES TSX:ENB TSX:TRP TSX:PPL SHSE:601872 PAA DTM HKSE:01138 TSX:KEY TSX:ALA AM

Address 8111 Westchester Drive, Suite 600, Dallas, TX, USA, 75225

Website https://www.energytransfer.com

Energy Transfer is a diversified midstream firm operating from wellhead to consuming demand. It handles natural gas, natural gas liquids, crude oil, and refined products. Commodities are moved through its network of field-level gathering and processing to refineries and demand centers. Operations are concentrated in Texas and the midcontinent United States. It also controls Sunoco and USA Compression through its general partner relationship.

84GF Score

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LT-Debt-to-Total-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$19.06

Price

$19.07

GF Value

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