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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Teekay Offshore Partners LP's interest expense for the three months ended in Jun. 2022 was $ -59 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2022 was $-225 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. Teekay Offshore Partners LP's Operating Income for the three months ended in Jun. 2022 was $ 43 Mil. Teekay Offshore Partners LP's Interest Expense for the three months ended in Jun. 2022 was $ -59 Mil. Teekay Offshore Partners LP's Interest Coverage for the quarter that ended in Jun. 2022 was 0.72. 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.
The historical data trend for Teekay Offshore 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.
Teekay Offshore Partners LP Annual Data | |||||||||||||||||||||
Trend | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | |||||||||||
Interest Expense | Get a 7-Day Free Trial | -154.89 | -199.40 | -205.67 | -192.72 | -206.18 |
Teekay Offshore Partners LP Quarterly Data | ||||||||||||||||||||
Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | |
Interest Expense | Get a 7-Day Free Trial | -49.48 | -53.96 | -55.06 | -56.21 | -59.49 |
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 Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-225 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.
Teekay Offshore Partners LP (NYSE:TOO) 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.
Teekay Offshore Partners LP's Interest Expense for the three months ended in Jun. 2022 was $-59 Mil. Its Operating Income for the three months ended in Jun. 2022 was $43 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2022 was $1,520 Mil.
Teekay Offshore Partners LP's Interest Coverage for the quarter that ended in Jun. 2022 is calculated as
Interest Coverage | = | -1 | * | Operating Income (Q: Jun. 2022 ) | / | Interest Expense (Q: Jun. 2022 ) |
= | -1 | * | 42.867 | / | -59.49 | |
= | 0.72 |
* 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.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Teekay Offshore Partners LP interest coverage is 1.08, which is low.
Luxor Capital Group, Lp | 10 percent owner | 7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036 |
Luxor Capital Partners Offshore Ltd | 10 percent owner | C/O MAPLES CORPORATE SERVICES LTD., PO BOX 309, UGLAND HOUSE, GEORGE TOWN E9 KY1-1104 |
Luxor Capital Partners, Lp | 10 percent owner | 7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036 |
Lcg Select Llc | 10 percent owner | 767 FIFTH AVENUE, 19TH FLOOR, NEW YORK NY 10153 |
Lcg Select Offshore Ltd | 10 percent owner | PO BOX 309GT UGLAND HOUSE SOUTH CHURCH S, GEORGE TOWN, GRAND CAYAMAN CAYMAN E9 00000 |
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