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AmeriGas Partners LP (AmeriGas Partners LP) Interest Coverage : 0 (At Loss) (As of Jun. 2019)


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What is AmeriGas Partners LP Interest Coverage?

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 by its Interest Expense. AmeriGas Partners LP's Operating Income for the three months ended in Jun. 2019 was $-7 Mil. AmeriGas Partners LP's Interest Expense for the three months ended in Jun. 2019 was $-42 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for AmeriGas Partners LP's Interest Coverage or its related term are showing as below:


APU's Interest Coverage is not ranked *
in the Utilities - Regulated industry.
Industry Median: 3.77
* Ranked among companies with meaningful Interest Coverage only.

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


AmeriGas Partners LP Interest Coverage Historical Data

The historical data trend for AmeriGas Partners LP's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

AmeriGas Partners LP Interest Coverage Chart

AmeriGas Partners LP Annual Data
Trend Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.65 2.17 2.43 2.36 2.54

AmeriGas Partners LP Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
Interest Coverage 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 1.02 - 2.08 6.27 -

Competitive Comparison of AmeriGas Partners LP's Interest Coverage

For the Utilities - Regulated Gas subindustry, AmeriGas Partners LP's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


AmeriGas Partners LP's Interest Coverage Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, AmeriGas Partners LP's Interest Coverage distribution charts can be found below:

* The bar in red indicates where AmeriGas Partners LP's Interest Coverage falls into.



AmeriGas Partners LP Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


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

AmeriGas Partners LP's Interest Coverage for the fiscal year that ended in Sep. 2018 is calculated as

Here, for the fiscal year that ended in Sep. 2018, AmeriGas Partners LP's Interest Expense was $-163 Mil. Its Operating Income was $415 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,561 Mil.

Interest Coverage=-1* Operating Income (A: Sep. 2018 )/Interest Expense (A: Sep. 2018 )
=-1*414.727/-163.125
=2.54

AmeriGas Partners LP's Interest Coverage for the quarter that ended in Jun. 2019 is calculated as

Here, for the three months ended in Jun. 2019, AmeriGas Partners LP's Interest Expense was $-42 Mil. Its Operating Income was $-7 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,561 Mil.

AmeriGas Partners LP did not have earnings to cover the interest expense.

* 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.


AmeriGas Partners LP  (NYSE:APU) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


AmeriGas Partners LP Interest Coverage Related Terms

Thank you for viewing the detailed overview of AmeriGas Partners LP's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


AmeriGas Partners LP (AmeriGas Partners LP) Business Description

Traded in Other Exchanges
N/A
Address
460 North Gulph Road, King of Prussia, PA, USA, 19406
AmeriGas Partners is the largest retail propane marketer in the United States. The company sells about 1.1 billion gallons of propane annually to 1.8 million customers across a diverse footprint in all 50 states. AmeriGas also sells, installs, and services propane appliances, including heating systems. Its general partner is AmeriGas Inc., a wholly owned subsidiary of UGI.
Executives
Ann P Kelly officer: VP Finance and CFO 460 NORTH GULPH ROAD, KING OF PRUSSIA PA 19406
Frank S Hermance director AMETEK, INC., 1100 CASSATT ROAD, BERWYN PA 19312
Marvin O Schlanger director C/O LYONDELLBASELL INDUSTRIES N.V., STATIONSPLEIN 45, ROTTERDAM P7 3013AK
John R. Hartmann director 460 NORTH GULPH ROAD, KING OF PRUSSIA PA 19406
Anne Pol director
Hugh J. Gallagher officer: President & CEO 460 NORTH GULPH ROAD, KING OF PRUSSIA PA 19406
K Rick Turner director 111 CENTER ST, STE 2500, LITTLE ROCK AR 72201
Brian R. Ford director 1 MILFORD WAY, MEDFORD NJ 08055
Pedro A Ramos director C/O FS INVESTMENT CORPORATION, CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104
Roger Perreault officer: EVP, Global LPG of GP parent 460 NORTH GULPH ROAD, KING OF PRUSSIA PA 19406
John L Walsh director, officer: Chairman 460 NORTH GULPH ROAD, KING OF PRUSSIA PA 19406
William J Marrazzo director
Laurie Bergman officer: Controller & CAO 460 NORTH GULPH ROAD, KING OF PRUSSIA PA 19406
Thaddeus J Jastrzebski officer: Principal Financial Officer THE HERSHEY COMPANY, 100 CRYSTAL A DRIVE, HERSHEY PA 17033
Jerry E Sheridan director, officer: President & CEO 460 NORTH GULPH ROAD, KING OF PRUSSIA PA 19406