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Kinder Morgan (LTS:0JR2) Interest Expense : $-1,854 Mil (TTM As of Sep. 2024)


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What is Kinder Morgan Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kinder Morgan's interest expense for the three months ended in Sep. 2024 was $ -466 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-1,854 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. Kinder Morgan's Operating Income for the three months ended in Sep. 2024 was $ 1,016 Mil. Kinder Morgan's Interest Expense for the three months ended in Sep. 2024 was $ -466 Mil. Kinder Morgan's Interest Coverage for the quarter that ended in Sep. 2024 was 2.18. 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.

Kinder Morgan Interest Expense Historical Data

The historical data trend for Kinder Morgan'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.

Kinder Morgan Interest Expense Chart

Kinder Morgan Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,801.00 -1,595.00 -1,492.00 -1,513.00 -1,797.00

Kinder Morgan Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -457.00 -452.00 -472.00 -464.00 -466.00

Kinder Morgan 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1,854 Mil.

* 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.

Kinder Morgan  (LTS:0JR2) Interest Expense Explanation

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. The higher, the better.

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

Kinder Morgan's Interest Expense for the three months ended in Sep. 2024 was $-466 Mil. Its Operating Income for the three months ended in Sep. 2024 was $1,016 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $29,937 Mil.

Kinder Morgan's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*1016/-466
=2.18

* 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.

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

Kinder Morgan Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kinder Morgan Inc (LTS:0JR2) » Definitions » Interest Expense
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Address
1001 Louisiana Street, Suite 1000, Houston, TX, USA, 77002
Website
https://www.kindermorgan.com
Kinder Morgan is one of the largest midstream energy firms in North America, with an interest in or an operator on about 82,000 miles in pipelines and 139 storage terminals. The company is active in the transportation, storage, and processing of natural gas, crude oil, refined products, natural gas liquids, and carbon dioxide. The majority of Kinder Morgan's cash flows stem from fee-based contracts for handling, moving, and storing fossil fuel products.

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