Pembina Pipeline (TSX:PPL) Interest Expense : C$-470 Mil (TTM As of Dec. 2023)

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What is Pembina Pipeline Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Pembina Pipeline's interest expense for the three months ended in Dec. 2023 was C$ -117 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-470 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. Pembina Pipeline's Operating Income for the three months ended in Dec. 2023 was C$ 700 Mil. Pembina Pipeline's Interest Expense for the three months ended in Dec. 2023 was C$ -117 Mil. Pembina Pipeline's Interest Coverage for the quarter that ended in Dec. 2023 was 5.98. 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.

Pembina Pipeline Interest Expense Historical Data

The historical data trend for Pembina Pipeline'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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Pembina Pipeline Interest Expense Chart

Pembina Pipeline Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-316.00

-416.00

-440.00

-462.00

-470.00

Pembina Pipeline Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-117.00	-116.00	-118.00	-119.00	-117.00

Pembina Pipeline 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-470 Mil.

Pembina Pipeline (TSX:PPL) 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.

Pembina Pipeline's Interest Expense for the three months ended in Dec. 2023 was C$-117 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$700 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$10,416 Mil.

Pembina Pipeline's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	700	/	-117
	=	5.98

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

Pembina Pipeline (TSX:PPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pembina Pipeline Corp (TSX:PPL) » Definitions » Interest Expense

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Address

585 - 8th Avenue S.W., Suite 4000, Calgary, AB, CAN, T2P 1G1

Website

https://www.pembina.com

Pembina Pipeline is a midstream company serving the Canadian and North American (primarily Bakken) markets with an integrated product portfolio. Its assets include pipelines and gas gathering as well as assets across fractionation, storage, and propane exports.