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EnLink Midstream LLC (EnLink Midstream LLC) Effective Interest Rate on Debt % : 5.29% (As of Dec. 2023)


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What is EnLink Midstream LLC 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. EnLink Midstream LLC's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $247 Mil. EnLink Midstream LLC's average total debt for the quarter that ended in Dec. 2023 was $4,670 Mil. Therefore, EnLink Midstream LLC's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.29%.


EnLink Midstream LLC Effective Interest Rate on Debt % Historical Data

The historical data trend for EnLink Midstream LLC'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.

* Premium members only.

EnLink Midstream LLC Effective Interest Rate on Debt % Chart

EnLink Midstream LLC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.61 4.35 4.79 5.21 5.79

EnLink Midstream LLC Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 5.76 5.63 5.70 5.86 5.29

Competitive Comparison of EnLink Midstream LLC's Effective Interest Rate on Debt %

For the Oil & Gas Midstream subindustry, EnLink Midstream LLC'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.


EnLink Midstream LLC's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where EnLink Midstream LLC's Effective Interest Rate on Debt % falls into.



EnLink Midstream LLC Effective Interest Rate on Debt % Calculation

EnLink Midstream LLC's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -270.8/( (4749.7+4597.1)/ 2 )
=-1  *  -270.8/4673.4
=5.79 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4723.5 + 26.2
=4749.7

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4471 + 126.1
=4597.1

EnLink Midstream LLC's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -247.2/( (4743.5+4597.1)/ 2 )
=-1  *  -247.2/4670.3
=5.29 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4621.4 + 122.1
=4743.5

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4471 + 126.1
=4597.1

* 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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


EnLink Midstream LLC  (NYSE:ENLC) Effective Interest Rate on Debt % Explanation

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


EnLink Midstream LLC Effective Interest Rate on Debt % Related Terms

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EnLink Midstream LLC (EnLink Midstream LLC) Business Description

Industry
Traded in Other Exchanges
Address
1722 Routh Street, Suite 1300, Dallas, TX, USA, 75201
EnLink Midstream LLC is an integrated midstream company. The company's operating segment includes Permian; North Texas; Oklahoma; Louisiana and Corporate. The company generates maximum revenue from the Louisiana segment. The Louisiana segment includes natural gas pipelines, natural gas processing plants, storage facilities, fractionation facilities, and NGL assets.
Executives
Adam S Forman officer: EVP and General Counsel 1001 LOUISIANA STREET, SUITE 1000, HOUSTON TX 77002
Dilanka Seimon officer: EVP and CCO 1722 ROUTH STREET, DALLAS TX 75201
Alaina K Brooks officer: SVP, General Counsel 2501 CEDAR SPRINGS, SUITE 100, DALLAS TX 75201
Jan Philipp Rossbach officer: VP & Chief Accounting Officer 1722 ROUTH STREET, SUITE 1300, DALLAS TX 75201
Benjamin D Lamb officer: SVP-Finance & Corporate Dev. 2501 CEDAR SPRINGS, SUITE 100, DALLAS TX 75201
Walter Pinto officer: EVP and COO 1722 ROUTH STREET, DALLAS TX 75201
Kyle D Vann director 11 HEPPLEWHITE WAY, THE WOODLANDS TX 77382
Jesse Arenivas director, officer: Chief Executive Officer 1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Benjamin M Daniel director 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Tiffany Thom Cepak director C/O PATTERSON-UTI ENERGY, INC., 10713 WEST SAM HOUSTON PARKWAY NORTH, SU, HOUSTON TX 77064
Goldman Sachs Group Inc 10 percent owner 200 WEST STREET, NEW YORK NY 10282
Wsip Egypt Holdings, Lp 10 percent owner 200 WEST STREET, NEW YORK NY 10282
Richard P Schifter director 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Scott E Telesz director 39 OLD RIDGEBURY ROAD, DANBURY CT 06810-5113
Pablo G. Mercado, officer: EVP and CFO 920 MEMORIAL CITY WAY, SUITE 800, HOUSTON TX 77024