Plains All American Pipeline LP (FRA:PLM) Interest Expense : €-354 Mil (TTM As of Mar. 2024)

View and export this data going back to . Start your Free Trial

What is Plains All American Pipeline LP Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Plains All American Pipeline LP's interest expense for the three months ended in Mar. 2024 was € -87 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-354 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. Plains All American Pipeline LP's Operating Income for the three months ended in Mar. 2024 was € 340 Mil. Plains All American Pipeline LP's Interest Expense for the three months ended in Mar. 2024 was € -87 Mil. Plains All American Pipeline LP's Interest Coverage for the quarter that ended in Mar. 2024 was 3.89. 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.

Plains All American Pipeline LP Interest Expense Historical Data

The historical data trend for Plains All American Pipeline 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.

Plains All American Pipeline LP Interest Expense Chart

Plains All American Pipeline LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-382.50

-358.39

-376.13

-382.32

-353.96

Plains All American Pipeline LP Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-91.53	-87.69	-90.89	-88.03	-87.40

Plains All American Pipeline 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-354 Mil.

Plains All American Pipeline LP (FRA:PLM) 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.

Plains All American Pipeline LP's Interest Expense for the three months ended in Mar. 2024 was €-87 Mil. Its Operating Income for the three months ended in Mar. 2024 was €340 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €6,963 Mil.

Plains All American Pipeline LP's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	340.4	/	-87.4
	=	3.89

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

Plains All American Pipeline LP (FRA:PLM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Plains All American Pipeline LP (FRA:PLM) » Definitions » Interest Expense

Comparable Companies

WES AM ENLC DTM ETRN FRO STNG PAGP VNOM NS TSX:ENB EPD ET WMB OKE MPLX KMI TSX:TRP LNG TRGP

Traded in Other Exchanges

PAA:USA

Address

333 Clay Street, Suite 1600, Houston, TX, USA, 77002

Website

https://www.plainsallamerican.com

Plains All American provides transportation, storage, processing, fractionation, and marketing services for crude oil, refined products, natural gas liquids, liquefied petroleum gas, and related products. Plains' assets span the United States and Alberta, Canada, but are heavily concentrated in the Permian Basin.