Equitrans Midstream (Equitrans Midstream) LT-Debt-to-Total-Asset : 0.63 (As of Mar. 2024)

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What is Equitrans Midstream 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. Equitrans Midstream's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.63.

Equitrans Midstream's long-term debt to total assets ratio declined from Mar. 2023 (0.66) to Mar. 2024 (0.63). It may suggest that Equitrans Midstream is progressively becoming less dependent on debt to grow their business.

Equitrans Midstream LT-Debt-to-Total-Asset Historical Data

The historical data trend for Equitrans Midstream'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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Equitrans Midstream LT-Debt-to-Total-Asset Chart

Equitrans Midstream Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.53

0.54

0.64

0.66

0.62

Equitrans Midstream Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.66	0.64	0.62	0.62	0.63

Equitrans Midstream LT-Debt-to-Total-Asset Calculation

Equitrans Midstream'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 )
	=	7276.709	/	11709.426
	=	0.62

Equitrans Midstream's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	7490.152	/	11848.841
	=	0.63

Equitrans Midstream (NYSE:ETRN) 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.

Equitrans Midstream LT-Debt-to-Total-Asset Related Terms

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Equitrans Midstream (Equitrans Midstream) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Equitrans Midstream Corp (NYSE:ETRN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

PAGP STNG CEQP FRO HEP DTM GLNG INSW NS VNOM TSX:ENB EPD WMB ET LNG OKE MPLX KMI TSX:TRP CQP

Traded in Other Exchanges

37W:Germany

Address

2200 Energy Drive, Canonsburg, PA, USA, 15317

Website

https://www.equitransmidstream.com

Equitrans acquired EQM Midstream in mid-2020, consolidating the midstream family. Equitrans now own EQM assets directly versus just unit ownership. EQM Midstream provides gathering, transmission, and water services to primarily Appalachian producers in Pennsylvania, West Virginia, and Ohio.

Executives

Vicky A Bailey	director	2099 PENNSYLVANIA AVNUE, NW, SUITE 1000, WASHINGTON DC 20006
Kirk R Oliver	officer: Sr VP & CFO	1601 BRYAN STREET, DALLAS TX 75201
Stephen M Moore	officer: Sr VP & General Counsel	2200 ENERGY DRIVE, CANONSBURG PA 15317
Thomas F Karam	officer: President & CEO	C/O SOUTHERN UNION CO, ONE PEI CENTER, WILKES BARRE PA 18711-0601
Patricia K Collawn	director	414 SILVER AVE SW MS 1275, ALBUQUERQUE NM 87102-3289
Kenneth Michael Burke	director	11742 RIVERVIEW DRIVE, HOUSTON TX 77007
Diana M Charletta	officer: EVP & Chief Operating Officer	2200 ENERGY DRIVE, CANONSBURG PA 15317
Sarah Morrison Barpoulis	director	SOUTH JERSEY INDUSTRIES, 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
D Mark Leland	director	333 CLAY STREET, SUITE 2400, HOUSTON TX 77002
Margaret K Dorman	director	C/O SMITH INTERNATIONAL INC, PO BOX 60068, HOUSTON TX 77205
Brian P. Pietrandrea	officer: Controller	2200 ENERGY DRIVE, CANONSBURG PA 15317
David L Porges	director	700 UNIVERSE BLVD, C/O NEXTERA ENERGY, INC., JUNO BEACH FL 33408
Robert F Vagt	director	5300 MEMORIAL DR, STE 800, HOUSTON TX 77007
Phillip D. Swisher	officer: VP & Chief Accounting Officer	625 LIBERTY AVENUE, SUITE 2000, PITTSBURGH PA 15222
Norman J Szydlowski	director	6120 S. YALE, SUITE 700, TULSA OK 74136