Suburban Propane Partners LP (Suburban Propane Partners LP) Interest Expense : $-76 Mil (TTM As of Dec. 2023)

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What is Suburban Propane Partners LP Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Suburban Propane Partners LP's interest expense for the three months ended in Dec. 2023 was $ -18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-76 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. Suburban Propane Partners LP's Operating Income for the three months ended in Dec. 2023 was $ 49 Mil. Suburban Propane Partners LP's Interest Expense for the three months ended in Dec. 2023 was $ -18 Mil. Suburban Propane Partners LP's Interest Coverage for the quarter that ended in Dec. 2023 was 2.68. 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.

Suburban Propane Partners LP Interest Expense Historical Data

The historical data trend for Suburban Propane 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.

* Premium members only.

Suburban Propane Partners LP Interest Expense Chart

Suburban Propane Partners LP Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-76.66

-74.73

-68.13

-60.66

-73.39

Suburban Propane Partners 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															-15.99	-19.87	-18.73	-18.80	-18.19

Suburban Propane Partners 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 $-76 Mil.

Suburban Propane Partners LP (NYSE:SPH) 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.

Suburban Propane Partners LP's Interest Expense for the three months ended in Dec. 2023 was $-18 Mil. Its Operating Income for the three months ended in Dec. 2023 was $49 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,348 Mil.

Suburban Propane Partners 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	*	48.748	/	-18.192
	=	2.68

The higher the ratio, the stronger the company's financial strength is.

Suburban Propane Partners LP (Suburban Propane Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Suburban Propane Partners LP (NYSE:SPH) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

240 Route 10 West, P.O. Box 206, Whippany, NJ, USA, 07981

Website

https://www.suburbanpropane.com

Suburban Propane Partners LP distributes propane, fuel oil, and other refined fuels to customers in the East Coast and West Coast regions of the United States. Other operations include natural gas and electricity marketing in the deregulated New York and Pennsylvania markets. The company operates in three segments: Propane; Fuel Oil and Refined Fuels; and Natural Gas and Electricity. It generates maximum revenue from Propane segment.

Executives

Michael A Stivala	officer: Controller	C/O SUBURBAN PROPANE PARTNERS LP, P O BOX 206, WHIPPANY NJ 07981
Douglas Brinkworth	officer: Vice President, Product Supply	C/O SUBURBAN PROPANE PARTERS, L.P., 240 ROUTE 10 WEST, WHIPPANY NJ 07981
Nandini Sankara	officer: VP Mark. & Brand Strategy	240 ROUTE 10 WEST, WHIPPANY NJ 07981
Samuel Hodges	officer: Vice President-Area Operations	240 ROUTE 10 WEST, WHIPPANY NJ 07981
Brent Stubbs	officer: VP - Area Operations	240 ROUTE 10 WEST, WHIPPANY NJ 07981
Alejandro Centeno	officer: VP, Operations	240 ROUTE 10 WEST, WHIPPANY NJ 07981
Logan Harold R Jr	director
Rommel Oates	director	240 ROUTE 10 WEST, WHIPPANY NJ 07981
Amy Adams	director	240 ROUTE 10 WEST, WHIPPANY NJ 07981
Michael A Schueler	officer: Vice President-Product Supply	C/O SUBURBAN PROPANE, 240 ROUTE 10 WEST, WHIPPANY NJ 07981
Bryon L Koepke	officer: VP,Gen.Counsel & Secretary	240 ROUTE 10 WEST, WHIPPANY NJ 07981
Dee Arthur Tate	officer: Vice President-Area Operations	240 ROUTE 10 WEST, WHIPPANY NJ 07981-0206
Daniel W. Boyd	officer: Vice President-Area Operations	240 ROUTE 10 WEST, WHIPANNY NJ 07981-0206
Gregory L. Boyd	officer: Vice President-Area Operations	240 ROUTE 10 WEST, WHIPPANY NJ 07981-0206
Francesca Cleffi	officer: Vice President,Human Resources	C/O SUBURBAN PROPANE PARTNERS, L.P., 240 ROUTE 10 WEST, WHIPPANY NJ 07981-0206