Dynagas LNG Partners LP (Dynagas LNG Partners LP) Debt-to-Equity : 0.94 (As of Dec. 2023)

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What is Dynagas LNG Partners LP Debt-to-Equity?

Dynagas LNG Partners LP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $419.6 Mil. Dynagas LNG Partners LP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. Dynagas LNG Partners LP's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $448.2 Mil. Dynagas LNG Partners LP's debt to equity for the quarter that ended in Dec. 2023 was 0.94.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Dynagas LNG Partners LP's Debt-to-Equity or its related term are showing as below:

DLNG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.94 Med: 1.88 Max: 2.24
Current: 0.94

During the past 13 years, the highest Debt-to-Equity Ratio of Dynagas LNG Partners LP was 2.24. The lowest was 0.94. And the median was 1.88.

DLNG's Debt-to-Equity is ranked worse than
73.94% of 829 companies
in the Oil & Gas industry
Industry Median: 0.45 vs DLNG: 0.94

Dynagas LNG Partners LP Debt-to-Equity Historical Data

The historical data trend for Dynagas LNG Partners LP's Debt-to-Equity 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.

* Premium members only.

Dynagas LNG Partners LP Debt-to-Equity Chart

Dynagas LNG Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.08

1.81

1.47

1.17

0.94

Dynagas LNG Partners LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.17	1.06	1.00	0.98	0.94

Competitive Comparison of Dynagas LNG Partners LP's Debt-to-Equity

For the Oil & Gas Midstream subindustry, Dynagas LNG Partners LP's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Dynagas LNG Partners LP's Debt-to-Equity Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Dynagas LNG Partners LP's Debt-to-Equity falls into.

Dynagas LNG Partners LP Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dynagas LNG Partners LP's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(419.584	+	0)	/	448.24
	=	0.94

Dynagas LNG Partners LP's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(419.584	+	0)	/	448.24
	=	0.94

Dynagas LNG Partners LP (NYSE:DLNG) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Dynagas LNG Partners LP Debt-to-Equity Related Terms

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Dynagas LNG Partners LP (Dynagas LNG Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Dynagas LNG Partners LP (NYSE:DLNG) » Definitions » Debt-to-Equity

Comparable Companies

MMLP BPT CWPE PXS IMPP BANL SNMP MARPS SMLP GPP TSX:ENB EPD WMB ET LNG OKE MPLX KMI TSX:TRP CQP

Traded in Other Exchanges

DLNGpB.PFD:USA DLNGpA.PFD:USA

Address

Poseidonos Avenue and Foivis 2 Street, 166 74 Glyfada, Athens, GRC, 98000

Website

http://www.dynagaspartners.com

Dynagas LNG Partners LP is a limited partnership company focused on owning and operating high specification and versatile LNG carriers that are employed on multi-year contracts with international energy companies, providing the benefits of stable cash flows and high utilization rates. The company defines charters of two years or more as multi-year charters. Its current LNG Carrier fleet is optimized for trading flexibility. In addition to conventional trade, part of LNG Carrier fleet is assigned with Ice Class 1A FS notation and are winterized which enables trade in subzero and ice bound conditions.