Boardwalk Pipeline Partners LP (STU:B5P) LT-Debt-to-Total-Asset : 0.31 (As of Mar. 2024)

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What is Boardwalk Pipeline Partners LP 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. Boardwalk Pipeline Partners LP's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.31.

Boardwalk Pipeline Partners LP's long-term debt to total assets ratio declined from Mar. 2023 (0.34) to Mar. 2024 (0.31). It may suggest that Boardwalk Pipeline Partners LP is progressively becoming less dependent on debt to grow their business.

Boardwalk Pipeline Partners LP LT-Debt-to-Total-Asset Historical Data

The historical data trend for Boardwalk Pipeline 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.

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Boardwalk Pipeline Partners LP LT-Debt-to-Total-Asset Chart

Boardwalk Pipeline Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.39

0.38

0.36

0.34

Boardwalk Pipeline Partners LP 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															0.34	0.33	0.33	0.34	0.31

Boardwalk Pipeline Partners LP LT-Debt-to-Total-Asset Calculation

Boardwalk Pipeline Partners LP'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 )
	=	2991.162	/	8891.599
	=	0.34

Boardwalk Pipeline Partners LP'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 )
	=	2973.716	/	9495.32
	=	0.31

Boardwalk Pipeline Partners LP (STU:B5P) 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.

Boardwalk Pipeline Partners LP LT-Debt-to-Total-Asset Related Terms

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Boardwalk Pipeline Partners LP (STU:B5P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Boardwalk Pipeline Partners LP (STU:B5P) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

PSXP TCP EQM AM WES DCP PAGP TRGP ETRN NS TSX:ENB EPD TSX:TRP KMI WMB ET MPLX CQP OKE TSX:PPL

Traded in Other Exchanges

N/A

Address

9 Greenway Plaza, Suite 2800, Houston, TX, USA, 77046

Website

https://www.bwpipelines.com

Boardwalk Pipeline Partners LP was formed to acquire and develop natural gas pipelines and storage facilities. The Company operates in only one reportable segment which is the operation of interstate natural gas and NGLs pipeline systems and integrated storage facilities. It serves producers of natural gas, local distribution companies (LDCs), marketers, electric power generators, industrial users and interstate, and intrastate pipelines.

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