Global Partners LP (Global Partners LP) Interest Expense : $-93.26 Mil (TTM As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Global Partners LP Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Global Partners LP's interest expense for the three months ended in Mar. 2024 was $ -29.70 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-93.26 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. Global Partners LP's Operating Income for the three months ended in Mar. 2024 was $ 23.34 Mil. Global Partners LP's Interest Expense for the three months ended in Mar. 2024 was $ -29.70 Mil. Global Partners LP's Interest Coverage for the quarter that ended in Mar. 2024 was 0.79. 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.

Global Partners LP Interest Expense Historical Data

The historical data trend for Global 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.

Global Partners LP Interest Expense Chart

Global Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-89.86

-83.54

-80.09

-81.26

-85.63

Global 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															-22.07	-21.81	-21.09	-20.67	-29.70

Global 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-93.26 Mil.

Global Partners LP (NYSE:GLPpB.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.

Global Partners LP's Interest Expense for the three months ended in Mar. 2024 was $-29.70 Mil. Its Operating Income for the three months ended in Mar. 2024 was $23.34 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,521.03 Mil.

Global 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	*	23.335	/	-29.696
	=	0.79

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

Global Partners LP (Global Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Global Partners LP (NYSE:GLPpB.PFD) » Definitions » Interest Expense

Comparable Companies

GEL NVGS LPG DHT TNP TK NGL OSG KNTK PBT TSX:ENB EPD ET WMB OKE KMI MPLX TSX:TRP LNG TRGP

Traded in Other Exchanges

GLP:USA

Address

800 South Street, P.O. Box 9161, Suite 500, Waltham, MA, USA, 02454-9161

Website

https://www.globalp.com

Global Partners LP is an us-based limited partnership that acts as a midstream logistics and marketing company. It is mainly engaged in purchasing, selling, storing and logistics of transporting petroleum and related products. The company owns and operates and control terminal networks of refined petroleum products and renewable fuels in Massachusetts, Maine, Connecticut, Vermont, and other places. It distributes gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, natural gas and propane to wholesalers, retailers and commercial customers. The company operates through three segments i.e. Wholesale, Gasoline Distribution and Station Operations and Commercial. It generates maximum revenue from the Wholesale segment.