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Enterprise Products Partners LP (LTS:0S23) Interest Expense : $-1,295 Mil (TTM As of Mar. 2024)


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What is Enterprise Products Partners LP Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Enterprise Products Partners LP's interest expense for the three months ended in Mar. 2024 was $ -333 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-1,295 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. Enterprise Products Partners LP's Operating Income for the three months ended in Mar. 2024 was $ 1,720 Mil. Enterprise Products Partners LP's Interest Expense for the three months ended in Mar. 2024 was $ -333 Mil. Enterprise Products Partners LP's Interest Coverage for the quarter that ended in Mar. 2024 was 5.17. 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.

Enterprise Products Partners LP Interest Expense Historical Data

The historical data trend for Enterprise Products 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.

Enterprise Products Partners LP Interest Expense Chart

Enterprise Products Partners LP Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,243.00 -1,287.00 -1,283.00 -1,244.00 -1,274.00

Enterprise Products Partners 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 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 -314.00 -305.00 -330.00 -327.00 -333.00

Enterprise Products 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1,295 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.

Enterprise Products Partners LP  (LTS:0S23) 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.

Enterprise Products Partners LP's Interest Expense for the three months ended in Mar. 2024 was $-333 Mil. Its Operating Income for the three months ended in Mar. 2024 was $1,720 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $28,285 Mil.

Enterprise Products Partners 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*1720/-333
=5.17

* 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.

Enterprise Products Partners LP (LTS:0S23) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enterprise Products Partners LP (LTS:0S23) » Definitions » Interest Expense
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Traded in Other Exchanges
EPD:USA
Address
1100 Louisiana Street, 10th Floor, Houston, TX, USA, 77002
Website
https://www.enterpriseproducts.com
Enterprise Products Partners is a master limited partnership that transports and processes natural gas, natural gas liquids, crude oil, refined products and petrochemicals. It is one of the largest midstream companies, with operations servicing most producing regions in the Lower 48 states. Enterprise is particularly dominant in the NGL market and is one of the few MLPs that provide midstream services across the full hydrocarbon value chain.

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