What is USD Partners LP Financial Strength?
USD Partners LP has the Financial Strength Rank of 0.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is rated on a scale of 1 to 10 and is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
4. Other debt related ratios.
A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.
USD Partners LP did not have earnings to cover the interest expense.
USD Partners LP's debt to revenue ratio for the quarter that ended in Sep. 2023 was 4.45.
As of today, USD Partners LP's Altman Z-Score is 0.00.
Competitive Comparison of USD Partners LP's Financial Strength
For the Railroads subindustry, USD Partners LP's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
USD Partners LP's Financial Strength Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, USD Partners LP's Financial Strength distribution charts can be found below:
* The bar in red indicates where USD Partners LP's Financial Strength falls into.
USD Partners LP Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
USD Partners LP's Interest Expense for the
months ended in Sep. 2023 was $-4.59 Mil. Its Operating Income for the
months ended in Sep. 2023 was $-0.59 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.71 Mil.
USD Partners LP's Interest Coverage for the quarter that ended in Sep. 2023 is
| USD Partners LP did not have earnings to cover the interest expense. |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
USD Partners LP's Debt to Revenue Ratio for the quarter that ended in Sep. 2023 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
USD Partners LP has a Z-score of 0.00, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
* 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.
USD Partners LP Business Description
Traded in Other Exchanges
N/A
Address
811 Main Street, Suite 2800, Houston, TX, USA, 77002
USD Partners LP is formed to acquire, develop and operate midstream infrastructure and complementary logistics solutions for crude oil, biofuels, and other energy-related products. The company's network of crude oil terminals facilitates the transportation of heavy crude oil from Western Canada to key demand centers across North America. The company's operations include railcar loading and unloading, storage and blending in on-site tanks, inbound and outbound pipeline connectivity, truck transloading and other related logistics services. The company also provides one of the customers with leased railcars and fleet services to facilitate the transportation of liquid hydrocarbons by rail. The company manages its business in two reportable segments: Terminalling services and Fleet services.
Executives
| G Stacy Smith |
director, other: SEE REMARKS |
300 CRESCENT COURT SUITE 1111, DALLAS TX 75201 |
| Jeffrey P. Wood |
director, other: SEE REMARKS |
EAGLE ROCK ENERGY PARTNERS, L.P., P.O. BOX 2968, HOUSTON TX 77252-2968 |
| Keith Benson |
officer: SEE REMARKS |
C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002 |
| Francesco Ciabatti |
director, other: See Remarks. |
51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078 |
| Dan Borgen |
director, officer: SEE REMARKS |
9500 NEW CENTURY, PASADENA TX 77507 |
| Michael Ray Curry |
director, other: SEE REMARKS |
C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002 |
| Energy Capital Partners Iii, Lp |
10 percent owner |
51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078 |
| Michael Jay Stanford |
officer: Vice President, CAO |
811 MAIN ST., SUITE 2800, HOUSTON TX 77002 |
| Energy Capital Partners Gp Iii, Lp |
director, 10 percent owner |
40 BEECHWOOD ROAD, SUMMIT NJ 07901 |
| Ecp Controlco, Llc |
director, 10 percent owner |
40 BEECHWOOD ROAD, SUMMIT NJ 07901 |
| Joshua Dean Ruple |
officer: SEE REMARKS |
811 MAIN STREET, SUITE 2800, HOUSTON TX 77002 |
| Schuyler Coppedge |
director, other: SEE REMARKS |
C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002 |
| Paul Leray Tucker |
officer: SEE REMARKS |
C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002 |
| Adam K Altsuler |
officer: SEE REMARKS |
C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002 |
| Energy Capital Partners Iii-b (usd Ip), Lp |
director, 10 percent owner |
51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078 |
USD Partners LP Headlines
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