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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. Magellan Midstream Partners LP's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.66.
Magellan Midstream Partners LP's long-term debt to total assets ratio increased from Jun. 2022 (0.66) to Jun. 2023 (0.66). It may suggest that Magellan Midstream Partners LP is progressively becoming more dependent on debt to grow their business.
The historical data trend for Magellan Midstream 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.
Magellan Midstream Partners LP Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
LT-Debt-to-Total-Asset | Get a 7-Day Free Trial | 0.54 | 0.58 | 0.62 | 0.65 | 0.67 |
Magellan Midstream Partners LP Quarterly Data | ||||||||||||||||||||
Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | |
LT-Debt-to-Total-Asset | Get a 7-Day Free Trial | 0.66 | 0.66 | 0.67 | 0.67 | 0.66 |
Magellan Midstream Partners LP's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as
LT Debt to Total Assets (A: Dec. 2022 ) | = | Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 ) | / | Total Assets (A: Dec. 2022 ) |
= | 5131.9 | / | 7707.7 | |
= | 0.67 |
Magellan Midstream Partners LP's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as
LT Debt to Total Assets (Q: Jun. 2023 ) | = | Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 ) | / | Total Assets (Q: Jun. 2023 ) |
= | 5060.8 | / | 7629.2 | |
= | 0.66 |
* 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.
Magellan Midstream Partners LP (NYSE:MMP) 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.
Thank you for viewing the detailed overview of Magellan Midstream Partners LP's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
James R Hoskin | officer: Senior Vice President | ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172 |
James R Montague | director | FIVE RADNOR CORPORATE CENTER, SUITE 500, RADNOR PA 19087 |
Kyle T Krshka | officer: Senior Vice President | ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172 |
Sivasankaran Somasundaram | director | C/O APERGY CORPORATION, 2445 TECHNOLOGY FOREST BLVD, BLD 4, FL 9, THE WOODLANDS TX 77381 |
Melanie A Little | officer: Senior Vice President | ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172 |
Mark B Roles | officer: Senior Vice President | ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172 |
Lisa J Korner | officer: Vice President | ONE WILLIAMS CENTER, MD 28-1, TULSA OK 74172 |
Chansoo Joung | director | C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017 |
Jeff R Selvidge | officer: Senior Vice President | ONE WILLIAMS CENTER SUITE 2800, TULSA OK 74172 |
Douglas J May | officer: Senior Vice President | ONE WILLIAMS CENTER, SUITE 4100, TULSA OK 74172 |
Robert G Croyle | director | ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172 |
Michael C Pearson | officer: Senior Vice President | ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172 |
Jeffrey L Holman | officer: Senior Vice President & CFO | ONE WILLIAMS CENTER, TULSA OK 74172 |
Michael N Mears | officer: Vice President | ONE WILLIAMS CENTER, MD 28-1, TULSA OK 74172 |
Lori Gobillot | director | 5103 CITY WEST BLVD., 4TH FLOOR, HOUSTON TX 77042 |
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