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GuruFocus has detected 7 Warning Signs with Energy Transfer Partners LP $ETP.
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Energy Transfer Partners LP (NYSE:ETP)
Interest Expense
$-1,317 Mil (TTM As of Dec. 2016)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Energy Transfer Partners LP's interest expense for the three months ended in Dec. 2016 was $-336 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2016 was $-1,317 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company’s Operating Income (EBIT) by its Interest Expense. Energy Transfer Partners LP's Operating Income for the three months ended in Dec. 2016 was $-165 Mil. Energy Transfer Partners LP's Interest Expense for the three months ended in Dec. 2016 was $-336 Mil. Energy Transfer Partners LP did not have earnings to cover the interest expense. The higher the ratio, the stronger the company’s financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Definition

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Energy Transfer Partners LP Interest Expense for the trailing twelve months (TTM) ended in Dec. 2016 was -319 (Mar. 2016 ) + -317 (Jun. 2016 ) + -345 (Sep. 2016 ) + -336 (Dec. 2016 ) = $-1,317 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company’s Operating Income (EBIT) by its Interest Expense. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Energy Transfer Partners LP's interest expense for the three months ended in Dec. 2016 was $-336 Mil. Its operating income for the three months ended in Dec. 2016 was $-165 Mil. And its Long-Term Debt for the three months ended in Dec. 2016 was $31,991 Mil.

Energy Transfer Partners LP's Interest Coverage for the quarter that ended in Dec. 2016 is calculated as

Energy Transfer Partners LP did not have earnings to cover the interest expense.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

The higher the ratio, the stronger the company’s financial strength is.

Warning Sign:

Ben Graham prefers companies interest coverage is at least 5. Energy Transfer Partners LP interest coverage is 1.37, which is low.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Energy Transfer Partners LP Annual Data

Aug07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Interest Expense -176-266-394-413-474-665-849-860-1,291-1,317

Energy Transfer Partners LP Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Interest Expense -212-212-228-336-333-312-319-317-345-336
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