CSI Compressco LP (CSI Compressco LP) Interest Expense : $-53.9 Mil (TTM As of Dec. 2023)

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What is CSI Compressco LP Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CSI Compressco LP's interest expense for the three months ended in Dec. 2023 was $ -13.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-53.9 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. CSI Compressco LP's Operating Income for the three months ended in Dec. 2023 was $ 13.6 Mil. CSI Compressco LP's Interest Expense for the three months ended in Dec. 2023 was $ -13.4 Mil. CSI Compressco LP's Interest Coverage for the quarter that ended in Dec. 2023 was 1.01. 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.

CSI Compressco LP Interest Expense Historical Data

The historical data trend for CSI Compressco 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.

CSI Compressco LP Interest Expense Chart

CSI Compressco LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-53.38

-54.47

-54.79

-49.48

-53.90

CSI Compressco LP 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															-11.93	-13.32	-13.75	-13.41	-13.43

CSI Compressco 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-53.9 Mil.

CSI Compressco LP (NAS:CCLP) 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.

CSI Compressco LP's Interest Expense for the three months ended in Dec. 2023 was $-13.4 Mil. Its Operating Income for the three months ended in Dec. 2023 was $13.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $648.1 Mil.

CSI Compressco LP'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	*	13.622	/	-13.427
	=	1.01

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. CSI Compressco LPs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

CSI Compressco LP (CSI Compressco LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CSI Compressco LP (NAS:CCLP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

1735 Hughes Landing Boulevard, Suite 200, The Woodlands, TX, USA, 77380

Website

https://www.csicompressco.com

CSI Compressco LP is a limited partnership operating in the U.S. The company is a provider of compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage. It sells standard and custom-designed compressor packages and oil field fluid pump systems and provides aftermarket services and compressor package parts and components manufactured by third-party suppliers. In addition, the company provides compression services and equipment to natural gas and oil exploration and production, midstream, and transmission companies. The majority of the company's revenue comes from the United States.

Executives

James R Larson	director	CSI COMPRESSCO LP, 1735 HUGHES LANDING BLVD STE 200, THE WOODLANDS TX 77380
Joseph P. Mcelroy	director	1735 HUGHES LANDING BOULEVARD, SUITE 200, THE WOODLANDS TX 77380
John Earl Jackson	director, officer: Chief Executive Officer	12001 NORTH HOUSTON ROSSLYN, HOUSTON TX 77086
Michael James Tucker	director	1735 HUGHES LANDING BOULEVARD, SUITE 200, THE WOODLANDS TX 77380
Jonathan W. Byers	director, officer: Chief Financial Officer	9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380
Riplee L Parkening	officer: Controller	1735 HUGHES LANDING BOULEVARD, SUITE 200, THE WOODLANDS TX 77380
Rodney P Pruski	officer: Vice President of Operations	1735 HUGHES LANDING BOULEVARD, SUITE 200, THE WOODLANDS TX 77380
Stephen R. Gill	director	9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380
Spartan Energy Partners Gp Llc	10 percent owner	9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380
Spartan Energy Partners Lp	10 percent owner	9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380
Derek J Anchondo	officer: Assistant General Counsel	1735 HUGHES LANDING BLVD STE 200, THE WOODLANDS TX 77380
Robert Wesley Price	director, officer: Chief Operating Officer	9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380
Denise Essenberg	director	1735 HUGHES LANDING BLVD STE 200, THE WOODLANDS TX 77380
Ted A Gardner	director	1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Spartan Energy Holdco Llc	10 percent owner	9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380