Genesis Energy LP (Genesis Energy LP) LT-Debt-to-Total-Asset : 0.54 (As of Dec. 2023)

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What is Genesis Energy LP LT-Debt-to-Total-Asset?

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. Genesis Energy LP's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.54.

Genesis Energy LP's long-term debt to total assets ratio declined from Dec. 2022 (0.54) to Dec. 2023 (0.54). It may suggest that Genesis Energy LP is progressively becoming less dependent on debt to grow their business.

Genesis Energy LP LT-Debt-to-Total-Asset Historical Data

The historical data trend for Genesis Energy 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.

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Genesis Energy LP LT-Debt-to-Total-Asset Chart

Genesis Energy LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.52

0.57

0.51

0.54

Genesis Energy LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.54	0.54	0.53	0.52	0.54

Genesis Energy LP LT-Debt-to-Total-Asset Calculation

Genesis Energy LP's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	3752.847	/	7018.778
	=	0.53

Genesis Energy LP's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	3752.847	/	7018.778
	=	0.53

Genesis Energy LP (NYSE:GEL) 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.

Genesis Energy LP LT-Debt-to-Total-Asset Related Terms

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Genesis Energy LP (Genesis Energy LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Genesis Energy LP (NYSE:GEL) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

811 Louisiana, Suite 1200, Houston, TX, USA, 77002

Website

https://www.genesisenergy.com

Genesis Energy LP is an us-based limited partnership that focuses on the midstream segment of the crude oil and natural gas industry. It engages in providing services to crude oil and natural gas producers, and industrial and commercial enterprises. The company's reportable segments are offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation, and marine transportation. It generates maximum revenue from the offshore pipeline transportation segment. The Sodium minerals and sulfur services segment includes trona and trona-based exploring, mining, processing, producing, marketing, and selling activities, as well as processing high sulfur gas streams for refineries to remove the sulfur, and selling the related by-product.

Executives

Jeffrey J Rasmussen	officer: VP & GM - Refinery Services	811 LOUISIANA STREET, SUITE 1200, HOUSTON TX 77002
Edward T Flynn	officer: President, Genesis Alkali, LLC	1735 MARKET STREET, PHILADELPHIA PA 19103
Ryan S Sims	officer: Vice President	919 MILAM SUITE 2100, HOUSTON TX 77002
William W Rainsberger	officer: SVP - Offshore	919 MILAM SUITE 2100, HOUSTON TX 77002
Scott A Sims	officer: VP - Offshore	811 LOUISIANA STREET, SUITE 1200, HOUSTON TX 77002
Louis V Nicol	officer: SVP & Chief Accounting Officer	811 LOUISIANA STREET, SUITE 1200, HOUSTON TX 77002
James E Davison	director	2000 FARMERVILLE HIGHWAY, RUSTON LA 71270
Grant E Sims	director, officer: Chief Executive Officer	919 MILAM SUITE 2100, HOUSTON TX 77002
Garland G Gaspard	officer: Vice President	919 MILAM SUITE 2100, HOUSTON TX 77002
William Stanton Goloway	officer: Vice President	919 MILAM SUITE 2100, HOUSTON TX 77002
Albert Conrad P	director	919 MILAM SUITE 2100, HOUSTON TX 77002
Kristen O Jesulaitis	officer: General Counsel & Secretary	919 MILAM SUITE 2100, HOUSTON TX 77002
Davison James E. Jr.	director	500 SOUTH SERVICE ROAD EAST, RUSTON LA 71270
Richard R Alexander	officer: Vice President	919 MILAM SUITE 2100, HOUSTON TX 77002
Sharilyn S Gasaway	director	ONE ALLIED DRIVE, LITTLE ROCK AR 72202