Magellan Midstream Partners, L.P. MMP NYSE

Magellan Midstream Partners, L.P. (MMP) reported total assets of $7.63B and total liabilities of $5.91B for quarter ending 2023-06-30, resulting in total equity of $-93.9M.

The company held $128.4M in cash and short-term investments. Total debt stood at $5.08B, with net debt of $4.95B. The Debt-to-Equity (D/E) ratio was -54.12 (conservative).

Current ratio is 1.08, suggesting adequate short-term liquidity. Interest coverage is 5.2x (adequate).

Criteria supported by this page:

• HEALTH (25/100, Fail) — the balance sheet shows elevated risk in debt or liquidity metrics
• MOAT (65/100) — Total assets $7.63B and equity $-93.9M support the company's competitive scale
• VALUE (49/100) — Debt-to-Equity -54.12 contributes to the overall valuation risk assessment

Overall SharesGrow Score: 59/100 with 2/7 criteria passed.