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TransMontaigne Partners LP (TransMontaigne Partners LP) Interest Expense : $-26.5 Mil (TTM As of Sep. 2018)


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What is TransMontaigne Partners LP Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TransMontaigne Partners LP's interest expense for the three months ended in Sep. 2018 was $ -8.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2018 was $-26.5 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. TransMontaigne Partners LP's Operating Income for the three months ended in Sep. 2018 was $ 18.3 Mil. TransMontaigne Partners LP's Interest Expense for the three months ended in Sep. 2018 was $ -8.6 Mil. TransMontaigne Partners LP's Interest Coverage for the quarter that ended in Sep. 2018 was 2.12. 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.

TransMontaigne Partners LP Interest Expense Historical Data

The historical data trend for TransMontaigne 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.

* Premium members only.

TransMontaigne Partners LP Interest Expense Chart

TransMontaigne Partners LP Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.71 -5.49 -7.40 -7.79 -10.47

TransMontaigne Partners LP Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.66 -3.14 -6.46 -8.27 -8.61

TransMontaigne Partners LP Interest Expense Calculation

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 Sep. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $-26.5 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.

TransMontaigne Partners LP  (NYSE:TLP) 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.

TransMontaigne Partners LP's Interest Expense for the three months ended in Sep. 2018 was $-8.6 Mil. Its Operating Income for the three months ended in Sep. 2018 was $18.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2018 was $583.4 Mil.

TransMontaigne Partners LP's Interest Coverage for the quarter that ended in Sep. 2018 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2018 )/Interest Expense (Q: Sep. 2018 )
=-1*18.263/-8.608
=2.12

* 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.

TransMontaigne Partners LP (TransMontaigne Partners LP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TransMontaigne Partners LP (NYSE:TLP) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
Website
http://www.transmontaignepartners.com
TransMontaigne Partners LP is an oil pipeline and terminal company. It provides terminaling, storage, transportation and related services for customers engaged in the distribution and marketing of light refined petroleum products, heavy refined petroleum products, crude oil, chemicals, fertilizers and other liquid products. The company offers storing and distribution of products received from the pipeline, ship, barge or railcar making delivery and transfers it to terminals. It operates through four geographic segments Gulf Coast terminals, Midwest terminals, and pipeline system, Brownsville terminals, River terminals and Southeast terminals.
Executives
Barry Edward Welch director 200 CLARENDON STREET BOSTON MA 02116
Jay A Wiese director ONE WILLIAMS CENTER, MD 28-1, TULSA OK 74172
Michael A Hammell officer: Executive VP/Gen Counsel & SEC TRANSMONTAIGNE, 1670 BROADWAY, SUITE 3100, DENVER CO 80202
Steven A Blank director C/O TRANSMONTAIGNE, 1670 BROADWAY, SUITE 3100, DENVER CO 80202
Daniel R Revers director, 10 percent owner C/O ARCLIGHT CAPITAL PARTNERS, LLC, 200 CLARENDON ST., 55TH FLOOR, BOSTON MA 02117
Ngl Energy Holdings Llc 10 percent owner 6120 S. YALE, SUITE 805, TULSA OK 74136
Charles L Dunlap officer: Chief Executive Officer PASADENA REFINING SYSTEM INC., 111 RED BLUFF ROAD, PASADENA TX 77506
Stanley Morgan director, 10 percent owner, other: See Note (1) 1585 BROADWAY, NEW YORK NY 10036
Atanas H Atanasov director C/O NGL ENERGY PARTNERS LP, 6120 S. YALE AVENUE, SUITE 805, TULSA OK 74136
David C Kehoe director 6120 S. YALE AVE., SUITE 805, TULSA OK 74136
Jerry R Masters director 1670 BROADWAY, SUITE 3100, DENVER CO 80202
David A Peters director 1670 BROADWAY, SUITE 3100, DENVER CO 80202
Cushing Mlp Opportunity Fund I, Lp 10 percent owner 8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225
Duke R Ligon director 2800 WEST COUNTRY CLUB DRIVE, SUITE E, OKLAHOMA CITY OK 73116
Randall J Larson officer: CEO