NGL (NGL Energy Partners LP) LT-Debt-to-Total-Asset: 0.79 (As of Mar. 2026)

Author:

Vera Yuan

Director of Data and Quant Analytics at GuruFocus

Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.

View Profile →

Reviewed by:

Charlie Tian

Founder & CEO of GuruFocus

Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

View Profile →

NGL Energy Partners LP NGL

41 GF Score

Price $15.30

GF Value $4.39

Valuation Significantly Overvalued

6 Warning Signs

View Full Analysis

What is NGL Energy Partners LP LT-Debt-to-Total-Asset?

NGL Energy Partners LP NGL -0.39% 41 LT-Debt-to-Total-Asset is 0.79 as of Mar. 2026. GuruFocus rates NGL with a GF Score™ of 41/100 and a GF Value™ of $4.39 (Significantly Overvalued). The stock has 6 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. NGL Energy Partners LP's long-term debt to total assests ratio for the quarter that ended in Mar. 2026 was 0.79.

NGL Energy Partners LP's long-term debt to total assets ratio increased from Mar. 2025 (0.66) to Mar. 2026 (0.79). It may suggest that NGL Energy Partners LP is progressively becoming more dependent on debt to grow their business.

NGL Energy Partners LP (NYSE:NGL) 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.

NGL Energy Partners LP LT-Debt-to-Total-Asset Related Terms

NGL Energy Partners LP LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for NGL Energy Partners 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.

NGL Energy Partners LP LT-Debt-to-Total-Asset Chart

NGL Energy Partners LP Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.56

0.53

0.58

0.66

0.79

NGL Energy Partners 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															0.66	0.71	0.70	0.69	0.79

41GF Score

NGL Energy Partners LP NGL

LT-Debt-to-Total-Asset is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

NGL Energy Partners LP LT-Debt-to-Total-Asset Calculation

NGL Energy Partners LP's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2026 is calculated as

LT Debt to Total Assets (A: Mar. 2026 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2026 )	/	Total Assets (A: Mar. 2026 )
	=	3305.286	/	4175.539
	=	0.79

NGL Energy Partners 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 )
	=	3305.286	/	4175.539
	=	0.79

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

What does a LT-Debt-to-Total-Asset of 0.79 mean?

NGL Energy Partners LP (NGL) has a LT-Debt-to-Total-Asset of 0.79 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 NGL Energy Partners LP and its competitors.

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

NGL Energy Partners LP's current LT-Debt-to-Total-Asset is 0.79. Overall, NGL Energy Partners LP has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does NGL Energy Partners LP's LT-Debt-to-Total-Asset compare to GEL and TNK?

NGL Energy Partners LP's LT-Debt-to-Total-Asset of 0.79 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 NGL Energy Partners LP and its competitors. NGL Energy Partners LP's current LT-Debt-to-Total-Asset is 0.79. 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 $15.30 — trading 248.5% above its estimated fair value. The current LT-Debt-to-Total-Asset is 0.79. NGL Energy Partners LP's overall GF Score™ is 41/100 with 6 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 NGL Energy Partners LP (NGL), the current LT-Debt-to-Total-Asset is 0.79 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 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 $15.30 is trading 248.5% above its estimated GF Value™ of $4.39. GuruFocus considers NGL Energy Partners LP to be Significantly Overvalued.

Key valuation signals for NGL:

LT-Debt-to-Total-Asset: 0.79
GF Value™: $4.39 vs. price of $15.30 (248.5% above fair value)
GF Score™: 41/100 with 6 warning signs

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 Business Description

Industry Energy Oil & Gas

Comparable Companies GEL TNK FLNG GLP LPG NVGS NAT EE DHT PBT TSX:ENB WMB EPD KMI TSX:TRP ET TRGP MPLX OKE LNG

Other Exchanges NGLpC.PFD:USA NGLpB.PFD:USA

Address 6120 South Yale Avenue, Suite 1300, Tulsa, OK, USA, 74136

Website https://www.nglenergypartners.com

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.

41GF Score

Get the complete analysis for NGL

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

$15.30

Price

$4.39

GF Value

View NGL Analysis

See LT-Debt-to-Total-Asset data for all stocks →