Capital Product Partners LP (Capital Product Partners LP) Interest Expense : $-104.9 Mil (TTM As of Dec. 2023)

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What is Capital Product Partners LP Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Capital Product Partners LP's interest expense for the three months ended in Dec. 2023 was $ -27.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-104.9 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. Capital Product Partners LP's Operating Income for the three months ended in Dec. 2023 was $ 44.0 Mil. Capital Product Partners LP's Interest Expense for the three months ended in Dec. 2023 was $ -27.9 Mil. Capital Product Partners LP's Interest Coverage for the quarter that ended in Dec. 2023 was 1.58. 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.

Capital Product Partners LP Interest Expense Historical Data

The historical data trend for Capital Product 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.

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Capital Product Partners LP Interest Expense Chart

Capital Product Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-17.04

-16.74

-20.13

-55.42

-104.86

Capital Product Partners LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-18.42	-23.68	-25.51	-27.76	-27.91

Capital Product 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-104.9 Mil.

Capital Product Partners LP (NAS:CPLP) Interest Expense Explanation

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

Capital Product Partners LP's Interest Expense for the three months ended in Dec. 2023 was $-27.9 Mil. Its Operating Income for the three months ended in Dec. 2023 was $44.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,672.2 Mil.

Capital Product Partners LP's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	44	/	-27.906
	=	1.58

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

Capital Product Partners LP (Capital Product Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Capital Product Partners LP (NAS:CPLP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Iassonos Street, Piraeus, GRC, 18537

Website

http://www.capitalpplp.com

Capital Product Partners LP is in the seaborne transportation of cargoes, crude oil, gasoline, diesel, fuel oil, jet fuel and edible oils and dry cargo and containerized goods. Its vessels include; suezmax crude oil tankers, medium-range product tankers, neo panamax container carriers and capsize bulk carrier. Its vessels are capable of carrying a wide range of cargoes, including crude oil, refined oil products (such as gasoline, diesel, fuel oil and jet fuel), edible oils and certain chemicals, such as ethanol, as well as dry cargo and containerized goods under short-term voyage charters and medium to long-term time and bareboat charters.