Regency Energy Partners LP (FRA:R3P) Interest Coverage : 0 (At Loss) (As of Dec. 2014)

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What is Regency Energy Partners LP Interest Coverage?

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 by its Interest Expense. Regency Energy Partners LP's Operating Income for the three months ended in Dec. 2014 was €-177 Mil. Regency Energy Partners LP's Interest Expense for the three months ended in Dec. 2014 was €-68 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Regency Energy Partners LP's Interest Coverage or its related term are showing as below:

FRA:R3P's Interest Coverage is not ranked ^*
in the Oil & Gas industry.
Industry Median: 6.62
* Ranked among companies with meaningful Interest Coverage only.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Regency Energy Partners LP Interest Coverage Historical Data

The historical data trend for Regency Energy Partners LP's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Regency Energy Partners LP Interest Coverage Chart

Regency Energy Partners LP Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Interest Coverage

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N/A

0.39

0.25

0.34

Regency Energy Partners LP Quarterly Data
	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14
Interest Coverage	Get a 7-Day Free Trial															0.27	0.39	0.45	1.67	-

Competitive Comparison of Regency Energy Partners LP's Interest Coverage

For the Oil & Gas Midstream subindustry, Regency Energy Partners LP's Interest Coverage, along with its competitors' market caps and Interest Coverage 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.

Regency Energy Partners LP's Interest Coverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Regency Energy Partners LP's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Regency Energy Partners LP's Interest Coverage falls into.

Regency Energy Partners LP Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Regency Energy Partners LP's Interest Coverage for the fiscal year that ended in Dec. 2014 is calculated as

Here, for the fiscal year that ended in Dec. 2014, Regency Energy Partners LP's Interest Expense was €-247 Mil. Its Operating Income was €-14 Mil. And its Long-Term Debt & Capital Lease Obligation was €5,386 Mil.

Regency Energy Partners LP did not have earnings to cover the interest expense.

Regency Energy Partners LP's Interest Coverage for the quarter that ended in Dec. 2014 is calculated as

Here, for the three months ended in Dec. 2014, Regency Energy Partners LP's Interest Expense was €-68 Mil. Its Operating Income was €-177 Mil. And its Long-Term Debt & Capital Lease Obligation was €5,386 Mil.

Regency Energy Partners LP did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's Financial Strength is.

Regency Energy Partners LP (FRA:R3P) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Regency Energy Partners LP Interest Coverage Related Terms

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Regency Energy Partners LP (FRA:R3P) Business Description

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Regency Energy Partners LP was incorporated in Delaware on September 8, 2005. The Company is engaged in the gathering and processing, compression, treating and transportation of natural gas and the transportation, fractionation and storage of NGLs. Its assets are mainly located in Texas, Louisiana, Arkansas, Pennsylvania, California, Mississippi, Alabama, New Mexico and the mid-continent region of the United States, which includes Kansas, Colorado and Oklahoma. The Company is divided into five business segments; Gathering and Processing, Natural Gas Transportation, NGL Services, Contract Services and Corporate. The Gathering and Processing - provide "wellhead-to-market" services to producers of natural gas, which include transporting raw natural gas from the wellhead through gathering systems, processing raw natural gas to separate NGLs from the raw natural gas and selling or delivering the pipeline-quality natural gas and NGLs to various markets and pipeline systems. Natural Gas Transportation, NGL Services, Contract Services - owns and operates a fleet of compressors used to provide turn-key natural gas compression services for customer specific systems and Corporate comprises of corporate offices. It operates gathering and processing assets in four geographic regions of the United States: North Louisiana, the mid-continent region of the United States, south Texas and west Texas. The pipeline-quality natural gas remaining after separation of NGLs through processing is either returned to the producer or sold, for its own account or for the account of the producer, at the tailgates of its processing plants for delivery to interstate or intrastate gas transportation pipelines. The Company faces competition in each region in acquiring new gas supplies. The Company is subject to rules and regulations set forth by the Louisiana Department of Natural Resources.

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