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NGL Energy Partners LP (NYSE:NGL)
Interest Expense
$-135 Mil (TTM As of Sep. 2016)

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. 2016 was $-33 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2016 was $-135 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. 2016 was $-36 Mil. NGL Energy Partners LP's Interest Expense for the three months ended in Sep. 2016 was $-33 Mil. NGL Energy 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.

NGL Energy Partners LP Interest Expense for the trailing twelve months (TTM) ended in Sep. 2016 was -36.176 (Dec. 2015 ) + -34.54 (Mar. 2016 ) + -30.438 (Jun. 2016 ) + -33.442 (Sep. 2016 ) = $-135 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.

NGL Energy Partners LP's interest expense for the three months ended in Sep. 2016 was $-33 Mil. Its operating income for the three months ended in Sep. 2016 was $-36 Mil. And its Long-Term Debt for the three months ended in Sep. 2016 was $3,063 Mil.

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

NGL Energy 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.


Historical Data

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

NGL Energy Partners LP Annual Data

Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16
Interest Expense 00-2-20-8-33-59-110-133

NGL Energy Partners LP Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
Interest Expense -20-29-30-31-31-32-36-35-30-33
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