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Calumet Specialty Products Partners LP has the Financial Strength Rank of 4.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It 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.Calumet Specialty Products Partners LP did not have earnings to cover the interest expense. Calumet Specialty Products Partners LP's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.51. As of today, Calumet Specialty Products Partners LP's Altman Z-Score is 1.95.
For the Oil & Gas E&P subindustry, Calumet Specialty Products 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.
For the Oil & Gas industry and Energy sector, Calumet Specialty Products Partners LP's Financial Strength distribution charts can be found below:
* The bar in red indicates where Calumet Specialty Products Partners LP's Financial Strength falls into.
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:
Calumet Specialty Products Partners LP's Interest Expense for the months ended in Dec. 2023 was $-58 Mil. Its Operating Income for the months ended in Dec. 2023 was $-9 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,869 Mil.
Calumet Specialty Products Partners LP's Interest Coverage for the quarter that ended in Dec. 2023 is
Calumet Specialty Products 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.
Calumet Specialty Products Partners LP's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is
Debt to Revenue Ratio | = | Total Debt (Q: Dec. 2023 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (131.3 | + | 1868.7) | / | 3907.6 | |
= | 0.51 |
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.
Calumet Specialty Products Partners LP has a Z-score of 1.95, indicating it is in Grey Zones. This implies that Calumet Specialty Products Partners LP is in some kind of financial stress. If it is below 1.81, the company may faces bankrupcy risk.
Warning Sign:
Altman Z-score of 1.95 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
* 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.
Calumet Specialty Products Partners LP (NAS:CLMT) Financial Strength Explanation
The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.
Calumet Specialty Products Partners LP has the Financial Strength Rank of 4.
Thank you for viewing the detailed overview of Calumet Specialty Products Partners LP's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Stephen P Mawer | director | 2780 WATERFRONT PKWY E. DRIVE, SUITE 200, INDIANAPOLIS IN 46214 |
John G. Boss | director | 260 HUDSON RIVER ROAD, WATERFORD NY 12188 |
Ryan Willman | officer: Chief Accounting Officer | 2780 WATERFRONT PKWY E. DR., STE. 200, INDIANAPOLIS IN 46214 |
Scott Obermeier | officer: EVP - Commercial | 2780 WATERFRONT PARKWAY, E. DRIVE, INDIANAPOLIS IN 46214 |
Daniel J Sajkowski | director | 5400 WEST 86TH STREET, INDIANAPOLIS IN 46268 |
James S Carter | director | 2780 WATERFRONT PKWY. E. DRIVE, SUITE 200, INDIANPOLIS IN 46214 |
Louis Todd Borgmann | officer: SVP and Interim CFO | 2780 WATERFRONT PARKWAY, E. DRIVE, SUITE 200, INDIANAPOLIS IN 46214 |
Karen A. Twitchell | director | 9 COURTLANDT PLACE, HOUSTON TX 77006 |
Marc Lawn | officer: EVP - Performance Brands | 2780 WATERFRONT PKWY E. DRIVE, SUITE 200, INDIANAPOLIS IN 46214 |
Paul C Raymond | director | HERCULES PLAZA, 1313 N MARKET STREET, WILMINGTON DE 19894 |
Vincent Donargo | officer: Chief Accounting Officer | ONE CELADON DRIVE, 9503 E. 33RD STREET, INDIANAPOLIS IN 46235 |
H. Keith Jennings | officer: Chief Financial Officer | 2000 ST. JAMES PLACE, HOUSTON TX 77056 |
A Anderson William | officer: VP - Sales and Marketing | 2780 WATERFRONT PARKWAY E. DRIVE,, SUITE 200, INDIANAPOLIS IN 46214 |
Daniel L Sheets | director | 29400 LAKELAND BOULEVARD, WICKLIFFE OH 44092 |
David West Griffin | officer: EVP and CFO | 2780 WATERFRONT PARKWAY E. DRIVE, SUITE 200, INDIANAPOLIS IN 46214 |
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