CLMT · Calumet Specialty Products Partners, L.P.
AI read · Good for CLMT
The AI's read
That leaves more cash available after interest bills and gives Calumet room to keep paying down costly debt. Its leverage fell to about 3 times from more than 9 times at the start of last year. The company also owes CMR $30 million each year in lease payments. That cost weighs on cash, but the strong operating results and debt cuts point to a stronger position.