Golar LNG Partners LP (Golar LNG Partners LP) Interest Expense : $-64.23 Mil (TTM As of Dec. 2020)

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What is Golar LNG Partners LP Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Golar LNG Partners LP's interest expense for the three months ended in Dec. 2020 was $ -6.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2020 was $-64.23 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. Golar LNG Partners LP's Operating Income for the three months ended in Dec. 2020 was $ 32.22 Mil. Golar LNG Partners LP's Interest Expense for the three months ended in Dec. 2020 was $ -6.00 Mil. Golar LNG Partners LP's Interest Coverage for the quarter that ended in Dec. 2020 was 5.37. 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.

Golar LNG Partners LP Interest Expense Historical Data

The historical data trend for Golar LNG 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.

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Golar LNG Partners LP Interest Expense Chart

Golar LNG Partners LP Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Interest Expense

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-66.94

-75.43

-80.65

-79.79

-68.86

Golar LNG Partners LP Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Interest Expense	Get a 7-Day Free Trial															-18.56	-17.50	-17.12	-23.62	-6.00

Golar LNG 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. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-64.23 Mil.

Golar LNG Partners LP (OTCPK:GMLPF.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.

Golar LNG Partners LP's Interest Expense for the three months ended in Dec. 2020 was $-6.00 Mil. Its Operating Income for the three months ended in Dec. 2020 was $32.22 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2020 was $538.78 Mil.

Golar LNG Partners LP's Interest Coverage for the quarter that ended in Dec. 2020 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2020 )	/	Interest Expense (Q: Dec. 2020 )
	=	-1	*	32.215	/	-6
	=	5.37

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

Warning Sign:

Ben Graham prefers companies interest coverage is at least 5. Golar LNG Partners LP interest coverage is 1.93, which is low.

Golar LNG Partners LP (Golar LNG Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Golar LNG Partners LP (OTCPK:GMLPF.PFD) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

9 Par-la-Ville Road, 2nd Floor, South East Pearman Building, Hamilton, BMU, HM 11

Website

https://www.golarlngpartners.com

Golar LNG Partners LP owns and operates floating storage regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term time charters. The company has three reportable segments: LNG, FSRUs, and FING (floating liquefied natural gas vessel). It generates maximum revenue from the FSRUs segment. Its geographical segments are Brazil, Jordan, Indonesia, Kuwait, and the United Arab Emirates. The company's operational FSRU projects include Golar Spirit, Golar Igloo, Golar Eskimo, Golar Winter, Golar Freeze, and Nusantara Regas Satu.