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TransMontaigne Partners LP (TransMontaigne Partners LP) Effective Interest Rate on Debt % : 5.93% (As of Sep. 2018)


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What is TransMontaigne Partners LP Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. TransMontaigne Partners LP's annualized positive value of Interest Expense for the quarter that ended in Sep. 2018 was $34.4 Mil. TransMontaigne Partners LP's average total debt for the quarter that ended in Sep. 2018 was $581.0 Mil. Therefore, TransMontaigne Partners LP's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2018 was 5.93%.


TransMontaigne Partners LP Effective Interest Rate on Debt % Historical Data

The historical data trend for TransMontaigne Partners LP's Effective Interest Rate on Debt % 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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TransMontaigne Partners LP Effective Interest Rate on Debt % Chart

TransMontaigne Partners LP Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.37 2.37 2.96 2.89 2.37

TransMontaigne Partners LP Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
Effective Interest Rate on Debt % 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 3.52 2.81 4.40 5.70 5.93

Competitive Comparison of TransMontaigne Partners LP's Effective Interest Rate on Debt %

For the Oil & Gas Midstream subindustry, TransMontaigne Partners LP's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % 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.


TransMontaigne Partners LP's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, TransMontaigne Partners LP's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where TransMontaigne Partners LP's Effective Interest Rate on Debt % falls into.



TransMontaigne Partners LP Effective Interest Rate on Debt % Calculation

TransMontaigne Partners LP's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2017 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2016 )+Total Debt  (A: Dec. 2017 ))/ count )
=-1  *  -10.473/( (291.8+593.2)/ 2 )
=-1  *  -10.473/442.5
=2.37 %

where

TransMontaigne Partners LP's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2018 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2018 )+Total Debt  (Q: Sep. 2018 ))/ count )
=-1  *  -34.432/( (578.523+583.42)/ 2 )
=-1  *  -34.432/580.9715
=5.93 %

where

Total Debt  (Q: Jun. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=578.523 + 0
=578.523

Total Debt  (Q: Sep. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=583.42 + 0
=583.42

* 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.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Sep. 2018) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


TransMontaigne Partners LP  (NYSE:TLP) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


TransMontaigne Partners LP Effective Interest Rate on Debt % Related Terms

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TransMontaigne Partners LP (TransMontaigne Partners LP) Business Description

Industry
Traded in Other Exchanges
N/A
Address
TransMontaigne Partners LP is an oil pipeline and terminal company. It provides terminaling, storage, transportation and related services for customers engaged in the distribution and marketing of light refined petroleum products, heavy refined petroleum products, crude oil, chemicals, fertilizers and other liquid products. The company offers storing and distribution of products received from the pipeline, ship, barge or railcar making delivery and transfers it to terminals. It operates through four geographic segments Gulf Coast terminals, Midwest terminals, and pipeline system, Brownsville terminals, River terminals and Southeast terminals.
Executives
Barry Edward Welch director 200 CLARENDON STREET BOSTON MA 02116
Jay A Wiese director ONE WILLIAMS CENTER, MD 28-1, TULSA OK 74172
Michael A Hammell officer: Executive VP/Gen Counsel & SEC TRANSMONTAIGNE, 1670 BROADWAY, SUITE 3100, DENVER CO 80202
Steven A Blank director C/O TRANSMONTAIGNE, 1670 BROADWAY, SUITE 3100, DENVER CO 80202
Daniel R Revers director, 10 percent owner C/O ARCLIGHT CAPITAL PARTNERS, LLC, 200 CLARENDON ST., 55TH FLOOR, BOSTON MA 02117
Ngl Energy Holdings Llc 10 percent owner 6120 S. YALE, SUITE 805, TULSA OK 74136
Charles L Dunlap officer: Chief Executive Officer PASADENA REFINING SYSTEM INC., 111 RED BLUFF ROAD, PASADENA TX 77506
Stanley Morgan director, 10 percent owner, other: See Note (1) 1585 BROADWAY, NEW YORK NY 10036
Atanas H Atanasov director C/O NGL ENERGY PARTNERS LP, 6120 S. YALE AVENUE, SUITE 805, TULSA OK 74136
David C Kehoe director 6120 S. YALE AVE., SUITE 805, TULSA OK 74136
Jerry R Masters director 1670 BROADWAY, SUITE 3100, DENVER CO 80202
David A Peters director 1670 BROADWAY, SUITE 3100, DENVER CO 80202
Cushing Mlp Opportunity Fund I, Lp 10 percent owner 8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225
Duke R Ligon director 2800 WEST COUNTRY CLUB DRIVE, SUITE E, OKLAHOMA CITY OK 73116
Randall J Larson officer: CEO