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BP Midstream Partners LP (BP Midstream Partners LP) Effective Interest Rate on Debt % : 0.94% (As of Dec. 2021)


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What is BP Midstream Partners LP Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. BP Midstream Partners LP's annualized positive value of Interest Expense for the quarter that ended in Dec. 2021 was $4.4 Mil. BP Midstream Partners LP's average total debt for the quarter that ended in Dec. 2021 was $468.1 Mil. Therefore, BP Midstream Partners LP's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2021 was 0.94%.


BP Midstream Partners LP Effective Interest Rate on Debt % Historical Data

The historical data trend for BP Midstream Partners LP's Effective Interest Rate on Debt % 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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BP Midstream Partners LP Effective Interest Rate on Debt % Chart

BP Midstream Partners LP Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 0.71 1.66 3.23 1.69 0.92

BP Midstream Partners LP Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
Effective Interest Rate on Debt % 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 0.94 0.94 0.94 0.85 0.94

Competitive Comparison of BP Midstream Partners LP's Effective Interest Rate on Debt %

For the Oil & Gas Midstream subindustry, BP Midstream Partners LP's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


BP Midstream Partners LP's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, BP Midstream Partners LP's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where BP Midstream Partners LP's Effective Interest Rate on Debt % falls into.



BP Midstream Partners LP Effective Interest Rate on Debt % Calculation

BP Midstream Partners LP's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2020 )+Total Debt  (A: Dec. 2021 ))/ count )
=-1  *  -4.3/( (468.1+468.1)/ 2 )
=-1  *  -4.3/468.1
=0.92 %

where

BP Midstream Partners LP's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2021 )+Total Debt  (Q: Dec. 2021 ))/ count )
=-1  *  -4.4/( (468.1+468.1)/ 2 )
=-1  *  -4.4/468.1
=0.94 %

where

* 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.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


BP Midstream Partners LP  (NYSE:BPMP) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


BP Midstream Partners LP Effective Interest Rate on Debt % Related Terms

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BP Midstream Partners LP (BP Midstream Partners LP) Business Description

Industry
Traded in Other Exchanges
N/A
Address
501 Westlake Park Boulevard, Houston, TX, USA, 77079
BP Midstream Partners LP is a US-based limited partnership. It owns, operates, develops, and acquires pipelines and other midstream assets. The company holds interests in entities that own crude oil, natural gas, refined products, and diluent pipelines serving as key infrastructure for the company to transport onshore crude oil production to whiting refinery and offshore crude oil and natural gas production. It transports oil and gas products to refining markets and trading and distribution hubs.
Executives
Starlee Sykes director 501 WESTLAKE PARK BLVD HOUSTON TX 77079
Jack T Collins director 210 PARK AVENUE SUITE 2750 OKLAHOMA CITY OK 73102
David Kurt officer: Chief Operating Officer 501 WESTLAKE PARK BOULEVARD HOUSTON TX 77079
Derek Rush officer: Chief Development Officer 501 WESTLAKE PARK BLVD HOUSTON TX 77079
Craig Coburn director, officer: See Remarks 501 WESTLAKE PARK BOULEVARD HOUSTON TX 77079
Michele F Joy director 910 LOUISIANA STREET, HOUSTON TX 77002
Robert A Malone director 3000 NORTH SAM HOUSTON PARKWAY EAST, HOUSTON TX 77032
Gerald J Maret officer: Chief Operating Officer 501 WESTLAKE PARK BOULEVARD HOUSTON TX 77079
Robert P Zinsmeister director, officer: See Remarks 501 WESTLAKE PARK BOULEVARD HOUSTON TX 77079
Clive Christison director 501 WESTLAKE PARK BOULEVARD HOUSTON TX 77079
Mark E Frena officer: Chief Development Officer 501 WESTLAKE PARK BOULEVARD HOUSTON TX 77079
Douglas Sparkman director 501 WESTLAKE PARK BOULEVARD HOUSTON TX 77079
Walter Clements director 501 WESTLAKE PARK BOULEVARD HOUSTON TX 77079
Bp Midstream Partners Gp Llc director, 10 percent owner 501 WESTLAKE PARK BOULEVARD HOUSTON TX 77079
Bp Midstream Partners Holdings Llc director, 10 percent owner 501 WESTLAKE PARK BOULEVARD HOUSTON TX 77079