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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Summit Midstream Partners LP's interest expense for the three months ended in Mar. 2024 was $ -37.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-144.4 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. Summit Midstream Partners LP's Operating Income for the three months ended in Mar. 2024 was $ 21.0 Mil. Summit Midstream Partners LP's Interest Expense for the three months ended in Mar. 2024 was $ -37.8 Mil. Summit Midstream Partners LP's Interest Coverage for the quarter that ended in Mar. 2024 was 0.56. 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 Summit Midstream 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.
Summit Midstream Partners LP Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Interest Expense | Get a 7-Day Free Trial | -91.97 | -78.89 | -66.16 | -102.46 | -140.78 |
Summit Midstream Partners LP Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Interest Expense | Get a 7-Day Free Trial | -34.22 | -35.18 | -34.57 | -36.82 | -37.85 |
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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-144.4 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.
Summit Midstream Partners LP (NYSE:SMLP) 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.
Summit Midstream Partners LP's Interest Expense for the three months ended in Mar. 2024 was $-37.8 Mil. Its Operating Income for the three months ended in Mar. 2024 was $21.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,127.3 Mil.
Summit Midstream Partners LP's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
Interest Coverage | = | -1 | * | Operating Income (Q: Mar. 2024 ) | / | Interest Expense (Q: Mar. 2024 ) |
= | -1 | * | 21.025 | / | -37.846 | |
= | 0.56 |
* 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.
James David Johnston | officer: See remarks below. | 910 LOUISIANA STREET, SUITE 4200, HOUSTON TX 77002 |
Rommel M. Oates | director, other: See Remarks. | 910 LOUISIANA STREET, SUITE 4200, HOUSTON TX 77002 |
William J. Mault | officer: See remarks below. | 910 LOUISIANA STREET, SUITE 4200, HOUSTON TX 77002 |
Matthew B. Sicinski | officer: See remarks below. | 910 LOUISIANA STREET, SUITE 4200, HOUSTON TX 77002 |
James J Cleary | director, other: See Remarks. | 12 E. 49TH STREET, 39TH FLOOR, NEW YORK NY 10017 |
Marguerite Woung-chapman | director, other: See Remarks. | 1001 LOUISIANA, HOUSTON TX 77002 |
Robert Joseph Mcnally | director, other: See Remarks. | 625 LIBERTY AVENUE, SUITE 1700, C/O EQT CORPORATION, PITTSBURGH PA 15222 |
Christopher M Leininger | director, other: See Remarks. | 11943 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130 |
Francesco Ciabatti | director, other: See Remarks. | 51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078 |
J Heath Deneke | director, officer: See remarks below. | 700 LOUISIANA STREET, SUITE 2550, HOUSTON TX 77002 |
James Lee Jacobe | director, other: See Remarks. | 1790 HUGHES LANDING BLVD., SUITE 500, THE WOODLANDS TX 77380 |
Energy Capital Partners Ii-c (summit Ip), Lp | director, 10 percent owner | 51 JOHN F. KENNEDY PARKWAY, SUITE 1250, SHORT HILLS NJ 07078 |
Energy Capital Partners Ii (summit Co-invest), Lp | director, 10 percent owner | C/O ENERGY CAPITAL PARTNERS II, 51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078 |
Energy Capital Partners Ii-b Ip, Lp | director, 10 percent owner | 51 JOHN F. KENNEDY PARKWAY, SUITE 1250, SHORT HILLS NJ 07078 |
Energy Capital Partners Ii, Llc | director, 10 percent owner, other: See Footnotes | 51 JOHN F. KENNEDY PARKWAY, SUITE 1250, SHORT HILLS NJ 07078 |
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