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Highest Debt to Asset Ratio in the Oil & Gas Refining & Marketing Industry Detected in Shares of Nustar Energy L P (NS, PEIX, CLNE, CVI, REGI)

By Amy Schwartz

Below are the three companies in the Oil & Gas Refining & Marketing industry with the highest debt to asset ratios. The Debt/Asset ratio shows the proportion of a company's assets that are financed through debt. If the ratio is greater than one, most of the company's assets are financed through debt.

Nustar Energy L P ranks highest with a a debt to asset ratio of 55.82. Pacific Ethanol is next with a a debt to asset ratio of 33.57. Clean Energy Fue ranks third highest with a a debt to asset ratio of 32.84.

Cvr Energy Inc follows with a a debt to asset ratio of 30.64, and Renewable Energy rounds out the top five with a a debt to asset ratio of 28.92.

SmarTrend recommended that its subscribers protect gains by selling shares of Renewable Energy on March 6th, 2019 by issuing a Downtrend alert when the shares were trading at $24.84. Since that call, shares of Renewable Energy have fallen 45.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Ticker(s): NS