EnLink Midstream LLC
EnLink Midstream, LLC provides midstream energy services in the United States. The company operates through Permian, Louisiana, Oklahoma, North Texas, and Corporate segments. It is involved in gathering, compressing, treating, processing, transporting, storing, and selling natural gas; fractionating, transporting, storing, and selling natural gas liquids; and gathering, transporting, stabilizing,… Read more
EnLink Midstream LLC (ENLC) - Total Assets
Latest total assets as of September 2024: $7.88 Billion USD
Based on the latest financial reports, EnLink Midstream LLC (ENLC) holds total assets worth $7.88 Billion USD as of September 2024.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
EnLink Midstream LLC - Total Assets Trend (2001–2023)
This chart illustrates how EnLink Midstream LLC’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
EnLink Midstream LLC - Asset Composition Analysis
Current Asset Composition (December 2023)
EnLink Midstream LLC's total assets of $7.88 Billion consist of 10.1% current assets and 89.9% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.3% |
| Accounts Receivable | $667.30 Million | 8.0% |
| Inventory | $46.40 Million | 0.6% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $793.60 Million | 9.5% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2001–2023)
This chart illustrates how EnLink Midstream LLC's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: EnLink Midstream LLC's current assets represent 10.1% of total assets in 2023, an increase from 0.0% in 2001.
- Cash Position: Cash and equivalents constituted 0.3% of total assets in 2023, up from 0.0% in 2001.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 9.0% of total assets, an increase from 0.0% in 2001.
- Asset Diversification: The largest asset category is intangible assets at 9.5% of total assets.
EnLink Midstream LLC Competitors by Total Assets
Key competitors of EnLink Midstream LLC based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Senton Energy Co. Ltd. A
SHE:001331
|
China | CN¥1.68 Billion |
|
Shaanxi Provincial Natural Gas Co Ltd
SHE:002267
|
China | CN¥13.96 Billion |
|
Zhuhai Winbase International Chemical Tank Terminal Co Ltd
SHE:002492
|
China | CN¥2.32 Billion |
|
HENGYANG PETROCHEM (5HY.SG)
STU:5HY
|
Germany | €535.36 Million |
|
Shanxi Guoxin Energy Co Ltd A
SHG:600617
|
China | CN¥25.35 Billion |
|
Nanjing Tanker Corp
SHG:601975
|
China | CN¥13.19 Billion |
|
China Merchants Energy Shipping Co Ltd
SHG:601872
|
China | CN¥77.88 Billion |
|
Anhui Province Natural Gas Development Co Ltd
SHG:603689
|
China | CN¥7.57 Billion |
EnLink Midstream LLC - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Strong asset utilization - EnLink Midstream LLC generates 0.83x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, EnLink Midstream LLC generates $ 2.48 in net profit.
EnLink Midstream LLC - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.42 | 0.95 | 1.00 |
| Quick Ratio | 0.36 | 0.86 | 0.93 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-1.01 Billion | $ -45.50 Million | $ -2.70 Million |
EnLink Midstream LLC - Advanced Valuation Insights
This section examines the relationship between EnLink Midstream LLC's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 6.82 |
| Latest Market Cap to Assets Ratio | 0.43 |
| Asset Growth Rate (YoY) | -3.7% |
| Total Assets | $8.33 Billion |
| Market Capitalization | $3.62 Billion USD |
Valuation Analysis
Below Book Valuation: The market values EnLink Midstream LLC's assets below their book value (0.43 x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: EnLink Midstream LLC's assets decreased by 3.7% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for EnLink Midstream LLC (2001–2023)
The table below shows the annual total assets of EnLink Midstream LLC from 2001 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $8.33 Billion | -3.73% |
| 2022-12-31 | $8.65 Billion | +1.98% |
| 2021-12-31 | $8.48 Billion | -0.79% |
| 2020-12-31 | $8.55 Billion | -8.41% |
| 2019-12-31 | $9.34 Billion | -12.70% |
| 2018-12-31 | $10.69 Billion | +1.48% |
| 2017-12-31 | $10.54 Billion | +2.55% |
| 2016-12-31 | $10.28 Billion | +7.43% |
| 2015-12-31 | $9.57 Billion | -5.27% |
| 2014-12-31 | $10.10 Billion | +254.44% |
| 2013-12-31 | $2.85 Billion | +17.41% |
| 2012-12-31 | $2.43 Billion | +23.63% |
| 2011-12-31 | $1.96 Billion | -1.43% |
| 2010-12-31 | $1.99 Billion | -4.28% |
| 2009-12-31 | $2.08 Billion | -18.32% |
| 2008-12-31 | $2.55 Billion | -2.15% |
| 2007-12-31 | $2.60 Billion | +17.95% |
| 2006-12-31 | $2.21 Billion | +52.68% |
| 2005-12-31 | $1.45 Billion | +138.20% |
| 2004-12-31 | $606.77 Million | +64.11% |
| 2003-12-31 | $369.74 Million | +53.15% |
| 2002-12-31 | $241.42 Million | +40.88% |
| 2001-12-31 | $171.37 Million | -- |