Altera Infrastructure LP (Altera Infrastructure LP) Interest Expense : $-224.72 Mil (TTM As of Jun. 2022)

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What is Altera Infrastructure LP Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Altera Infrastructure LP's interest expense for the three months ended in Jun. 2022 was $ -59.49 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2022 was $-224.72 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. Altera Infrastructure LP's Operating Income for the three months ended in Jun. 2022 was $ 42.87 Mil. Altera Infrastructure LP's Interest Expense for the three months ended in Jun. 2022 was $ -59.49 Mil. Altera Infrastructure 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.

Altera Infrastructure LP Interest Expense Historical Data

The historical data trend for Altera Infrastructure 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.

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Altera Infrastructure LP Interest Expense Chart

Altera Infrastructure LP Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Interest Expense

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-154.89

-199.40

-205.67

-192.72

-206.18

Altera Infrastructure 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

Altera Infrastructure 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 Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-224.72 Mil.

Altera Infrastructure LP (NYSE:ALINpA.PFD) 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.

Altera Infrastructure LP's Interest Expense for the three months ended in Jun. 2022 was $-59.49 Mil. Its Operating Income for the three months ended in Jun. 2022 was $42.87 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2022 was $1,519.97 Mil.

Altera Infrastructure 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

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.

Altera Infrastructure LP (Altera Infrastructure LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Altera Infrastructure LP (NYSE:ALINpA.PFD) » Definitions » Interest Expense

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Address

Altera House, Unit 3, Prospect Park, Arnhall Business Park, Westhill, Aberdeenshire, GBR, AB32 6FJ

Website

https://www.alterainfra.com

Altera Infrastructure LP is a global energy infrastructure services provider focused on the ownership and operation of critical infrastructure assets in offshore oil regions of the North Sea, Brazil, and the East Coast of Canada. The company's assets comprise offshore assets, including floating production, storage, and offloading (FPSO) units, shuttle tankers (including five new builds), floating storage and offtake (FSO) units, long-distance towing and offshore installation vessels, and a unit for maintenance and safety (UMS).