Enterprise Products Partners LP (Enterprise Products Partners LP) Effective Interest Rate on Debt % : 4.51% (As of Dec. 2023)

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What is Enterprise Products Partners LP Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Enterprise Products Partners LP's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $1,308 Mil. Enterprise Products Partners LP's average total debt for the quarter that ended in Dec. 2023 was $28,994 Mil. Therefore, Enterprise Products Partners LP's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.51%.

Enterprise Products Partners LP Effective Interest Rate on Debt % Historical Data

The historical data trend for Enterprise Products Partners LP's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Enterprise Products Partners LP Effective Interest Rate on Debt % Chart

Enterprise Products Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.62

4.45

4.27

4.25

4.42

Enterprise Products Partners LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.25	4.39	4.26	4.59	4.51

Competitive Comparison of Enterprise Products Partners LP's Effective Interest Rate on Debt %

For the Oil & Gas Midstream subindustry, Enterprise Products Partners LP's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Enterprise Products Partners LP's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Enterprise Products Partners LP's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Enterprise Products Partners LP's Effective Interest Rate on Debt % falls into.

Enterprise Products Partners LP Effective Interest Rate on Debt % Calculation

Enterprise Products Partners LP's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -1274	/	( (28636	+	29071)	/ 2 )
=	-1 * -1274	/	28853.5
=	4.42 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	26892	+	1744
=	28636

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	27771	+	1300
=	29071

Enterprise Products Partners LP's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -1308	/	( (28916	+	29071)	/ 2 )
=	-1 * -1308	/	28993.5
=	4.51 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	27446	+	1470
=	28916

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	27771	+	1300
=	29071

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Enterprise Products Partners LP (NYSE:EPD) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Enterprise Products Partners LP Effective Interest Rate on Debt % Related Terms

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Enterprise Products Partners LP (Enterprise Products Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enterprise Products Partners LP (NYSE:EPD) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1100 Louisiana Street, 10th Floor, Houston, TX, USA, 77002

Website

https://www.enterpriseproducts.com

Enterprise Products Partners is a master limited partnership that transports and processes natural gas, natural gas liquids, crude oil, refined products and petrochemicals. It is one of the largest midstream companies, with operations servicing most producing regions in the Lower 48 states. Enterprise is particularly dominant in the NGL market and is one of the few MLPs that provide midstream services across the full hydrocarbon value chain.

Executives

Aj Teague	officer: Executive Vice President	1100 LOUISIANA 10TH FLOOR, HOUSTON TX 77002
John R Rutherford	director	1100 LOUISIANA STREET, 10TH FLOOR, HOUSTON TX 77002
William C Montgomery	director	C/O APACHE CORPORATION, 2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056
Rebecca G. Followill	director	1100 LOUISIANA STREET, HOUSTON TX 77002
Carin Marcy Barth	director
Randa Duncan Williams	10 percent owner	1100 LOUISIANA 10TH FLOOR, HOUSTON TX 77002
Graham W. Bacon	officer: Group Senior Vice President	1100 LOUISIANA STREET, HOUSTON TX 77002
Richard H Bachmann	director, officer: Executive VP & CLO	1100 LOUISIANA 10TH FLOOR, HOUSTON TX 77002
W Randall Fowler	director, officer: Sr. Vice President & Treasurer	1100 LOUISIANA 10TH FLOOR, HOUSTON TX 77002
Robert D Sanders	officer: EVP, Asset Optimization	1100 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Christian M. Nelly	officer: EVP-Finance and Treasurer	1100 LOUISIANA STREET, HOUSTON TX 77002
Murray E Brasseux	director	17 SOUTH BRIAR HOLLOW LANE, HOUSTON TX 77027
James T Hackett	director	C/O FLUOR CORPORATION, 6700 LAS COLINAS BLVD, IRVING TX 75039
Edwin E Smith	director	1100 LOUISIANA 10TH FLOOR, HOUSTON TX 77002
Brent B. Secrest	officer: Senior Vice President	1100 LOUISIANA STREET, HOUSTON TX 77002