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Tallgrass Energy Partners LP (Tallgrass Energy Partners LP) Interest Expense : $-97.0 Mil (TTM As of Mar. 2018)


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What is Tallgrass Energy Partners LP Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tallgrass Energy Partners LP's interest expense for the three months ended in Mar. 2018 was $ -28.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2018 was $-97.0 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. Tallgrass Energy Partners LP's Operating Income for the three months ended in Mar. 2018 was $ 74.6 Mil. Tallgrass Energy Partners LP's Interest Expense for the three months ended in Mar. 2018 was $ -28.2 Mil. Tallgrass Energy Partners LP's Interest Coverage for the quarter that ended in Mar. 2018 was 2.65. 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.

Tallgrass Energy Partners LP Interest Expense Historical Data

The historical data trend for Tallgrass Energy 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.

* Premium members only.

Tallgrass Energy Partners LP Interest Expense Chart

Tallgrass Energy Partners LP Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Interest Expense
Get a 7-Day Free Trial -11.14 -7.29 -15.51 -40.69 -83.54

Tallgrass Energy Partners LP Quarterly Data
Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18
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 -14.69 -19.69 -22.89 -26.28 -28.18

Tallgrass Energy 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 Mar. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $-97.0 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.

Tallgrass Energy Partners LP  (NYSE:TEP) 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.

Tallgrass Energy Partners LP's Interest Expense for the three months ended in Mar. 2018 was $-28.2 Mil. Its Operating Income for the three months ended in Mar. 2018 was $74.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2018 was $2,302.0 Mil.

Tallgrass Energy Partners LP's Interest Coverage for the quarter that ended in Mar. 2018 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2018 )/Interest Expense (Q: Mar. 2018 )
=-1*74.555/-28.184
=2.65

* 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.

Tallgrass Energy Partners LP (Tallgrass Energy Partners LP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tallgrass Energy Partners LP (NYSE:TEP) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
Website
http://www.tallgrassenergy.com
Tallgrass Energy Partners is a young master limited partnership that focuses opportunistically on growth through acquisition and development of natural gas and crude oil transportation, as well as gathering and processing assets. Tallgrass operates and has participating interests in some of the more strategically important midstream assets in the Bakken and Rockies (for example, the REX and Pony Express lines).
Executives
Frank J Loverro director 320 PARK AVENUE, 24TH FLOOR, NEW YORK NY 10022
William R. Moler director, officer: See Remarks 4200 WEST 115TH STREET, SUITE 350, LEAWOOD KS 66211
Dehaemers David G Jr director, officer: See Remarks 4200 WEST 115TH STREET, SUITE 350, LEAWOOD KS 66211
Osborne Stanley De J director C/O KELSO AND COMPANY, 320 PARK AVENUE, 24TH FLOOR, NEW YORK NY 10022
John T Raymond director THE ENERGY & MINERALS GROUP, 811 MAIN STREET, SUITE 4200, HOUSTON TX 77002