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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Martin Midstream Partners LP's interest expense for the three months ended in Jun. 2024 was $ -13.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-54.5 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. Martin Midstream Partners LP's Operating Income for the three months ended in Jun. 2024 was $ 19.9 Mil. Martin Midstream Partners LP's Interest Expense for the three months ended in Jun. 2024 was $ -13.6 Mil. Martin Midstream Partners LP's Interest Coverage for the quarter that ended in Jun. 2024 was 1.46. 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.
The historical data trend for Martin Midstream Partners LP's Interest Expense 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.
Martin Midstream Partners LP Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Interest Expense | Get a 7-Day Free Trial | -51.69 | -46.21 | -54.11 | -50.51 | -56.31 |
Martin Midstream Partners LP Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Interest Expense | Get a 7-Day Free Trial | -14.50 | -14.22 | -13.61 | -13.08 | -13.60 |
Interest Expense is the amount reported by a company or individual as an expense for borrowed money.
Interest Expense for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-54.5 Mil.
* 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.
Martin Midstream Partners LP (NAS:MMLP) Interest Expense 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.
Martin Midstream Partners LP's Interest Expense for the three months ended in Jun. 2024 was $-13.6 Mil. Its Operating Income for the three months ended in Jun. 2024 was $19.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was $486.6 Mil.
Martin Midstream Partners LP's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as
Interest Coverage | = | -1 | * | Operating Income (Q: Jun. 2024 ) | / | Interest Expense (Q: Jun. 2024 ) |
= | -1 | * | 19.927 | / | -13.604 | |
= | 1.46 |
* 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.
The higher the ratio, the stronger the company's financial strength is.
Sharon L Taylor | officer: Chief Financial Officer | 4200 B STONE RD, KILGORE TX 75662 |
Ruben S Martin | director, 10 percent owner, officer: President and CEO | 4200 STONE RD, KILGORE TX 75662 |
Robert D Bondurant | officer: Executive VP and CFO | 4200 STONE ROAD, KILGORE TX 75662 |
Scot A Shoup | officer: Senior VP Operations | 2029 S. CHILTON AVE., TYLER TX 75701 |
Chris H Booth | officer: VP/General Counsel/Secretary | 4200 STONE ROAD, KILGORE TX 75662 |
Randall Tauscher | officer: Executive Vice President | KANZA OFFICE PARK, 550 NORTH 159TH ST. EAST, WICHITA KS 67230 |
Christopher Michael Reid | director | 100 W PUTNAM AVENUE, GREENWICH CT 06830 |
C Scott Massey | director | 4200 STONE RD, KILGORE TX 75662 |
Martin Product Sales Llc | 10 percent owner | 4200 STONE ROAD, KILGORE TX 75662 |
James M Collingsworth | director | 1100 LOUISIANA 10TH FLOOR, HOUSTON TX 77002 |
Stephen W Martin | officer: VP Corporate Development | 4200 STONE ROAD, KILGORE TX 75662 |
Zachary Stanton | director | 12 ROTON AVE, ROTON AVE, NORWALK CT 06853 |
Charles H Still | director | FULBRIGHT & JAWORSKI LLP, 1301 MCKINNEY, SUITE 5100, HOUSTON TX 77010-3095 |
Wesley M Skelton | officer: Executive VP, CA0 & Controller | 4200 STONE ROAD, KILGORE TX 75662 |
Sean P. Dolan | director | 4200 B STONE ROAD, KILGORE TX 75662 |
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