Cheniere Energy Partners LP (Cheniere Energy Partners LP) Cash-to-Debt : 0.04 (As of Dec. 2023)

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What is Cheniere Energy Partners LP Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Cheniere Energy Partners LP's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.04.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Cheniere Energy Partners LP couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Cheniere Energy Partners LP's Cash-to-Debt or its related term are showing as below:

CQP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.05 Max: 0.1
Current: 0.04

During the past 13 years, Cheniere Energy Partners LP's highest Cash to Debt Ratio was 0.10. The lowest was 0.01. And the median was 0.05.

CQP's Cash-to-Debt is ranked worse than
89.18% of 1026 companies
in the Oil & Gas industry
Industry Median: 0.5 vs CQP: 0.04

Cheniere Energy Partners LP Cash-to-Debt Historical Data

The historical data trend for Cheniere Energy Partners LP's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Cheniere Energy Partners LP Cash-to-Debt Chart

Cheniere Energy Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.10

0.07

0.05

0.06

0.04

Cheniere Energy Partners LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.06	0.05	0.11	0.03	0.04

Competitive Comparison of Cheniere Energy Partners LP's Cash-to-Debt

For the Oil & Gas Midstream subindustry, Cheniere Energy Partners LP's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.

Cheniere Energy Partners LP's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Cheniere Energy Partners LP's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Cheniere Energy Partners LP's Cash-to-Debt falls into.

Cheniere Energy Partners LP Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Cheniere Energy Partners LP's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	575	/	(300	+	15691)
	=	0.04

Cheniere Energy Partners LP's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	575	/	(300	+	15691)
	=	0.04

Cheniere Energy Partners LP (NYSE:CQP) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Cheniere Energy Partners LP Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Cheniere Energy Partners LP's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Cheniere Energy Partners LP (Cheniere Energy Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cheniere Energy Partners LP (NYSE:CQP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

700 Milam Street, Suite 1900, Houston, TX, USA, 77002

Website

https://www.cheniere.com

Cheniere Energy Partners is the direct owner of the Sabine Pass LNG terminals as well as regasification facilities. It also owns the Creole Trail Pipeline, which connects the terminal to third-party gas suppliers. Cheniere Partners shares in the marketing fees generated by Cheniere Marketing from Sabine Pass marketed gas volumes.

Executives

Taylor Johnson	director, other: Deputy GC and Asst. Sec.	700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
Grindal Corey	director, officer: EVP, Worldwide Trading	700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
Brian Arthur Baker	director	700 MILAM ST., SUITE 1900, HOUSTON TX 77002
Bx Rockies Platform Co Llc	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Iii L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Christopher Manuel Dellamore	director	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Tim Wyatt	director, officer: SVP, Corp. Dev. and Strategy	700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
James Robert Ball	director	4 PROVIDENCE VILLAS, BRACKENBURY, LONDON X0 W6 0BA
Adam Kuhnley	director	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
David L Slack	officer: VP & Chief Accounting Officer	700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
Matthew Jk Runkle	director	345 PARK AVENUE, NEW YORK NY 10154
Bam Partners Trust	10 percent owner	181 BAY STREET, SUITE 300, TORONTO A6 M5J 2T3
Gso Holdings I Llc	10 percent owner	C/O GSO CAPITAL PARTNERS LP, 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Inc.	10 percent owner	345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Ii L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154