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Calumet Specialty Products Partners, L.P. (CLMT)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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6.00-0.03 (-0.50%)
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Previous Close6.03
Bid0.00 x 1400
Ask0.00 x 800
Day's Range5.95 - 6.18
52 Week Range1.35 - 6.64
Avg. Volume257,313
Market Cap471.842M
Beta (5Y Monthly)2.81
PE Ratio (TTM)N/A
EPS (TTM)-1.86
Earnings DateMay 05, 2021 - May 10, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateJan 29, 2016
1y Target Est5.00
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • What Does Calumet Specialty's Debt Look Like?

    What Does Calumet Specialty's Debt Look Like?

    Shares of Calumet Specialty (NASDAQ:CLMT) rose by 8.78% in the past three months. Before we understand the importance of debt, let us look at how much debt Calumet Specialty has. Calumet Specialty's Debt According to the Calumet Specialty's most recent balance sheet as reported on March 3, 2021, total debt is at $1.35 billion, with $1.32 billion in long-term debt and $34.60 million in current debt. Adjusting for $109.40 million in cash-equivalents, the company has a net debt of $1.24 billion. Let's define some of the terms we used in the paragraph above. Current debt is the portion of a company's debt which is due within 1 year, while long-term debt is the portion due in more than 1 year. Cash equivalents include cash and any liquid securities with maturity periods of 90 days or less. Total debt equals current debt plus long-term debt minus cash equivalents. To understand the degree of financial leverage a company has, shareholders look at the debt ratio. Considering Calumet Specialty's $1.81 billion in total assets, the debt-ratio is at 0.75. As a rule of thumb, a debt-ratio more than one indicates that a considerable portion of debt is funded by assets. A higher debt-ratio can also imply that the company might be putting itself at risk for default, if interest rates were to increase. However, debt-ratios vary widely across different industries. A debt ratio of 40% might be higher for one industry and normal for another. Why Shareholders Look At Debt? Debt is an important factor in the capital structure of a company, and can help it attain growth. Debt usually has a relatively lower financing cost than equity, which makes it an attractive option for executives. However, due to interest-payment obligations, cash-flow of a company can be impacted. Having financial leverage also allows companies to use additional capital for business operations, allowing equity owners to retain excess profit, generated by the debt capital. Looking for stocks with low debt-to-equity ratios? Check out Benzinga Pro, a market research platform which provides investors with near-instantaneous access to dozens of stock metrics - including debt-to-equity ratio. Click here to learn more. See more from BenzingaClick here for options trades from BenzingaEarnings Scheduled For March 3, 2021Calumet Specialty Earnings Preview© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Calumet Specialty Products Partners, L.P. Reports Fourth Quarter and Year End 2020 Results
    PR Newswire

    Calumet Specialty Products Partners, L.P. Reports Fourth Quarter and Year End 2020 Results

    Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership," "Calumet," "we," "our" or "us"), a leading independent producer of petroleum-based specialty products, today reported results for the fourth quarter and year ended December 31, 2020, as follows:


    Calumet Specialty Products Partners LP to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / March 3, 2021 / Calumet Specialty Products Partners LP (NASDAQ:CLMT) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on March 3, 2021 at 9:00 AM Eastern Time.To listen to the event live or access a replay of the call - visit https://www.