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NGL Energy Partners LP (NYSE:NGL)
Interest Expense
$-123 Mil (TTM As of Sep. 2015)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NGL Energy Partners LP's interest expense for the three months ended in Sep. 2015 was $-32 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2015 was $-123 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. NGL Energy Partners LP's Operating Income for the three months ended in Sep. 2015 was $0 Mil. NGL Energy Partners LP's Interest Expense for the three months ended in Sep. 2015 was $-32 Mil. NGL Energy Partners LP's interest coverage for the quarter that ended in Sep. 2015 was 0.01. The higher the ratio, the stronger the company’s financial strength is.


Definition

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

NGL Energy Partners LP Interest Expense for the trailing twelve months (TTM) ended in Sep. 2015 was -30.051 (Dec. 2014 ) + -30.927 (Mar. 2015 ) + -30.802 (Jun. 2015 ) + -31.571 (Sep. 2015 ) = $-123 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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.

NGL Energy Partners LP's interest expense for the three months ended in Sep. 2015 was $-32 Mil. Its operating income for the three months ended in Sep. 2015 was $0 Mil. And its Long-Term Debt for the three months ended in Sep. 2015 was $3,094 Mil.

NGL Energy Partners LP's Interest Coverage for the quarter that ended in Sep. 2015 is calculated as

Interest Coverage=-1*Operating Income (Q: Sep. 2015 )/Interest Expense (Q: Sep. 2015 )
=-1*0.246/-31.571
=0.01

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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. NGL Energy Partners LPs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

NGL Energy Partners LP Annual Data

Mar09Mar10Mar11Mar12Mar13Mar14Mar15
Interest Expense 000-2-20-8-33-59-110

NGL Energy Partners LP Quarterly Data

Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15
Interest Expense -11-11-17-20-20-29-30-31-31-32
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