Superior Plus (Superior Plus) Interest Expense : $-93 Mil (TTM As of Dec. 2023)

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

What is Superior Plus Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Superior Plus's interest expense for the three months ended in Dec. 2023 was $ -27 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-93 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. Superior Plus's Operating Income for the three months ended in Dec. 2023 was $ 97 Mil. Superior Plus's Interest Expense for the three months ended in Dec. 2023 was $ -27 Mil. Superior Plus's Interest Coverage for the quarter that ended in Dec. 2023 was 3.54. 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.

Superior Plus Interest Expense Historical Data

The historical data trend for Superior Plus'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.

Superior Plus Interest Expense Chart

Superior Plus Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-86.80

-76.90

-60.63

-63.89

-91.23

Superior Plus 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															-21.94	-19.22	-21.68	-25.13	-27.36

Superior Plus 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 $-93 Mil.

Superior Plus (OTCPK:SUUIF) 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.

Superior Plus's Interest Expense for the three months ended in Dec. 2023 was $-27 Mil. Its Operating Income for the three months ended in Dec. 2023 was $97 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,794 Mil.

Superior Plus'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	*	96.825	/	-27.355
	=	3.54

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Superior Plus Corp interest coverage is 2.16, which is low.

Superior Plus (Superior Plus) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Superior Plus Corp (OTCPK:SUUIF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

8SP:Germany SPB:Canada

Address

200 Wellington Street West, Suite 401, Toronto, ON, CAN, M5V 3C7

Website

https://www.superiorplus.com

Superior Plus Corp is a Canadian-based company that distributes energy and specialty chemicals. The company is organized into three business segments: U.S. Propane, Canadian Propane & Wholesale Propane, out of which the majority is from the U.S. Propane segment. The products & services offered by the company include wholesale procurement, distribution, related services for propane and other refined fuels, and supply of chemicals required by industries. The U.S. Propane segment distributes propane gas & liquid fuels along the Eastern U.S. & into the Midwest and California. The Canadian Propane segment includes the Canadian retail business with operations across Canada. The Wholesale Propane segment is the wholesale business with operations in Canada & the Western United States.