EnLink Midstream’s outstanding debt
EnLink Midstream Partners (ENLK) ended 2Q16 with total outstanding debt of $3.3 billion, which is 8.4% higher than the debt outstanding by the end of 2015.
EnLink Midstream’s net debt-to-EBITDA
EnLink Midstream’s net debt-to-EBITDA multiple stood at 4.4x by the end of 2Q16. This ratio is within industry standards. MLPs generally target a ratio between 4.0x and 4.5x. Moreover, ENLK’s leverage situation is better than most of its peers.
EnLink Midstream’s EBITDA-to-interest expense
EnLink Midstream’s EBITDA-to-interest expense ratio was 3.9x by the end of 2Q16. ENLK’s EBITDA-to-interest expense ratio has come down from its historical average.