EnLink Midstream Partners LP (EnLink Midstream Partners LP) Interest Coverage : 2.75 (As of Sep. 2018)

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What is EnLink Midstream 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. EnLink Midstream Partners LP's Operating Income for the three months ended in Sep. 2018 was $123 Mil. EnLink Midstream Partners LP's Interest Expense for the three months ended in Sep. 2018 was $-45 Mil. EnLink Midstream Partners LP's interest coverage for the quarter that ended in Sep. 2018 was 2.75. The higher the ratio, the stronger the company's financial strength is.

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

ENLK's Interest Coverage is not ranked ^*
in the Oil & Gas industry.
Industry Median: 6.59
* 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.

EnLink Midstream Partners LP Interest Coverage Historical Data

The historical data trend for EnLink Midstream 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.

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EnLink Midstream Partners LP Interest Coverage Chart

EnLink Midstream Partners LP Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Interest Coverage

Get a 7-Day Free Trial

0.50

6.63

6.61

4.60

3.81

EnLink Midstream Partners LP Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Interest Coverage	Get a 7-Day Free Trial															4.44	3.17	2.62	3.84	2.75

Competitive Comparison of EnLink Midstream Partners LP's Interest Coverage

For the Oil & Gas Midstream subindustry, EnLink Midstream 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.

EnLink Midstream Partners LP's Interest Coverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, EnLink Midstream Partners LP's Interest Coverage distribution charts can be found below:

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

EnLink Midstream 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.

EnLink Midstream Partners LP's Interest Coverage for the fiscal year that ended in Dec. 2017 is calculated as

Here, for the fiscal year that ended in Dec. 2017, EnLink Midstream Partners LP's Interest Expense was $-187 Mil. Its Operating Income was $714 Mil. And its Long-Term Debt & Capital Lease Obligation was $3,468 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2017 )	/	Interest Expense (A: Dec. 2017 )
	=	-1	*	713.5	/	-187.3
	=	3.81

EnLink Midstream Partners LP's Interest Coverage for the quarter that ended in Sep. 2018 is calculated as

Here, for the three months ended in Sep. 2018, EnLink Midstream Partners LP's Interest Expense was $-45 Mil. Its Operating Income was $123 Mil. And its Long-Term Debt & Capital Lease Obligation was $3,836 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2018 )	/	Interest Expense (Q: Sep. 2018 )
	=	-1	*	122.5	/	-44.6
	=	2.75

The higher the ratio, the stronger the company's Financial Strength is.

EnLink Midstream Partners LP (NYSE:ENLK) 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 .

EnLink Midstream Partners LP Interest Coverage Related Terms

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

EnLink Midstream Partners LP (EnLink Midstream Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » EnLink Midstream Partners LP (NYSE:ENLK) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.enlink.com

Crosstex Energy LP is a midstream natural gas master limited partnership that gathers, transports, processes, and markets natural gas and natural gas liquids, primarily in Texas and Louisiana. The company operates gas gathering systems in the Barnett Shale and Louisiana, the largest intrastate pipeline in Louisiana, and large processing operations in South Louisiana.

Executives

Gip Iii Stetson Gp, Llc	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Global Infrastructure Investors Iii, Llc	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Gip Iii Stetson Aggregator I, L.p.	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Global Infrastructure Gp Iii, L.p.	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Gip Iii Stetson Aggregator Ii, L.p.	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Gip Iii Stetson I, L.p.	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
West Street International Infrastructure Partners Iii, L.p.	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Alaina K Brooks	director, officer: EVP, CL&AO, & Secretary	2501 CEDAR SPRINGS, SUITE 100, DALLAS TX 75201
West Street European Infrastructure Partners Iii, L.p.	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Broad Street Infrastructure Advisors Iii, L.l.c.	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Broad Street Energy Advisors Aiv-1, L.l.c.	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Enfield Holdings Advisors, Inc.	10 percent owner	301 COMMERCE STREET, FORT WORTH TX 76102
Enfield Holdings, L.p.	10 percent owner	301 COMMERCE STREET, FORT WORTH TX 76102
West Street Global Infrastructure Partners Iii, L.p.	10 percent owner	200 WEST STREET, NEW YORK NY 10282-2198
West Street Energy Partners Offshore Aiv-1, L.p.	10 percent owner	200 WEST STREET, NEW YORK NY 10282