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Tallgrass Energy Partners LP (Tallgrass Energy Partners LP) Debt-to-Equity : 1.52 (As of Mar. 2018)


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What is Tallgrass Energy Partners LP Debt-to-Equity?

Tallgrass Energy Partners LP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2018 was $0.0 Mil. Tallgrass Energy Partners LP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2018 was $2,302.0 Mil. Tallgrass Energy Partners LP's Total Stockholders Equity for the quarter that ended in Mar. 2018 was $1,511.5 Mil. Tallgrass Energy Partners LP's debt to equity for the quarter that ended in Mar. 2018 was 1.52.

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 Tallgrass Energy Partners LP's Debt-to-Equity or its related term are showing as below:

TEP's Debt-to-Equity is not ranked *
in the Oil & Gas industry.
Industry Median: 0.45
* Ranked among companies with meaningful Debt-to-Equity only.

Tallgrass Energy Partners LP Debt-to-Equity Historical Data

The historical data trend for Tallgrass Energy 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.

Tallgrass Energy Partners LP Debt-to-Equity Chart

Tallgrass Energy Partners LP Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Debt-to-Equity
Get a 7-Day Free Trial 0.14 0.54 0.59 0.93 1.45

Tallgrass Energy Partners LP Quarterly Data
Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.39 1.48 1.41 1.45 1.52

Competitive Comparison of Tallgrass Energy Partners LP's Debt-to-Equity

For the Oil & Gas Midstream subindustry, Tallgrass Energy 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.

Tallgrass Energy Partners LP's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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


Tallgrass Energy Partners LP Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tallgrass Energy Partners LP's Debt to Equity Ratio for the fiscal year that ended in Dec. 2017 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
=(0 + 2146.993) / 1483.779
=1.45

Tallgrass Energy Partners LP's Debt to Equity Ratio for the quarter that ended in Mar. 2018 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
=(0 + 2302.014) / 1511.5
=1.52

* 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.

Tallgrass Energy Partners LP  (NYSE:TEP) 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.

Tallgrass Energy Partners LP Debt-to-Equity Related Terms

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Tallgrass Energy Partners LP (Tallgrass Energy Partners LP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tallgrass Energy Partners LP (NYSE:TEP) » Definitions » Debt-to-Equity
Comparable Companies
NS HEP GEL BOG:PROMIGAS TSX:ALA CEQP TCP PAGP HKSE:03633 TSX:GEI XBRU:FLUX DCP AM VNOM SHLX ALTM BPMP TSX:KEY NBLX SZSE:002267
Traded in Other Exchanges
N/A
Address
Website
http://www.tallgrassenergy.com
Tallgrass Energy Partners is a young master limited partnership that focuses opportunistically on growth through acquisition and development of natural gas and crude oil transportation, as well as gathering and processing assets. Tallgrass operates and has participating interests in some of the more strategically important midstream assets in the Bakken and Rockies (for example, the REX and Pony Express lines).
Executives
Frank J Loverro director 320 PARK AVENUE, 24TH FLOOR, NEW YORK NY 10022
William R. Moler director, officer: See Remarks 4200 WEST 115TH STREET, SUITE 350, LEAWOOD KS 66211
Dehaemers David G Jr director, officer: See Remarks 4200 WEST 115TH STREET, SUITE 350, LEAWOOD KS 66211
Osborne Stanley De J director C/O KELSO AND COMPANY, 320 PARK AVENUE, 24TH FLOOR, NEW YORK NY 10022
John T Raymond director THE ENERGY & MINERALS GROUP, 811 MAIN STREET, SUITE 4200, HOUSTON TX 77002