Landmark Infrastructure Partners LP (Landmark Infrastructure Partners LP) Interest Expense : $-19.34 Mil (TTM As of Sep. 2021)

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What is Landmark Infrastructure Partners LP Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Landmark Infrastructure Partners LP's interest expense for the three months ended in Sep. 2021 was $ -4.96 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2021 was $-19.34 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. Landmark Infrastructure Partners LP's Operating Income for the three months ended in Sep. 2021 was $ 9.66 Mil. Landmark Infrastructure Partners LP's Interest Expense for the three months ended in Sep. 2021 was $ -4.96 Mil. Landmark Infrastructure Partners LP's Interest Coverage for the quarter that ended in Sep. 2021 was 1.95. 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.

Landmark Infrastructure Partners LP Interest Expense Historical Data

The historical data trend for Landmark Infrastructure 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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Landmark Infrastructure Partners LP Interest Expense Chart

Landmark Infrastructure Partners LP Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Interest Expense

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-13.92

-18.40

-24.27

-17.46

-17.27

Landmark Infrastructure Partners LP Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Interest Expense	Get a 7-Day Free Trial															-4.07	-4.51	-4.99	-4.88	-4.96

Landmark Infrastructure 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 Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-19.34 Mil.

Landmark Infrastructure Partners LP (NAS:LMRKP.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.

Landmark Infrastructure Partners LP's Interest Expense for the three months ended in Sep. 2021 was $-4.96 Mil. Its Operating Income for the three months ended in Sep. 2021 was $9.66 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2021 was $284.48 Mil.

Landmark Infrastructure Partners LP's Interest Coverage for the quarter that ended in Sep. 2021 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2021 )	/	Interest Expense (Q: Sep. 2021 )
	=	-1	*	9.655	/	-4.962
	=	1.95

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

Warning Sign:

Ben Graham prefers companies interest coverage is at least 5. Landmark Infrastructure Partners LP interest coverage is 2.11, which is low.

Landmark Infrastructure Partners LP (Landmark Infrastructure Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Landmark Infrastructure Partners LP (NAS:LMRKP.PFD) » Definitions » Interest Expense

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Address

400 Continental Boulevard, Suite 500, El Segundo, CA, USA, 90245

Website

http://www.landmarkmlp.com

Landmark Infrastructure Partners LP is a real estate and infrastructure company that acquires, owns and manages a portfolio of real property interests and infrastructure assets that is leased to companies in the wireless communication, outdoor advertising and renewable power generation industries. The company's real property interests underlie its tenants' infrastructure assets, including cellular towers, rooftop wireless sites, billboards, solar farms and wind turbines. Its segments include Wireless communication, Outdoor advertising, and Renewable power generation.