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Kinder Morgan Management LLC (FRA:KM5) Interest Coverage : No Debt (1) (As of Sep. 2014)


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What is Kinder Morgan Management LLC 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. Kinder Morgan Management LLC's Operating Income for the three months ended in Sep. 2014 was €107.09 Mil. Kinder Morgan Management LLC's Interest Expense for the three months ended in Sep. 2014 was €0.00 Mil. Kinder Morgan Management LLC has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Kinder Morgan Management LLC has no debt.

(1) 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.

The historical rank and industry rank for Kinder Morgan Management LLC's Interest Coverage or its related term are showing as below:

FRA:KM5' s Interest Coverage Range Over the Past 10 Years
Min: 0   Med: No Debt   Max: No Debt
Current: No Debt


FRA:KM5's Interest Coverage is not ranked
in the Oil & Gas industry.
Industry Median: 6.74 vs FRA:KM5: No Debt

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


Kinder Morgan Management LLC Interest Coverage Historical Data

The historical data trend for Kinder Morgan Management LLC'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.

Kinder Morgan Management LLC Interest Coverage Chart

Kinder Morgan Management LLC Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Kinder Morgan Management LLC Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
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 No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Kinder Morgan Management LLC's Interest Coverage

For the Oil & Gas Midstream subindustry, Kinder Morgan Management LLC'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.


Kinder Morgan Management LLC's Interest Coverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Kinder Morgan Management LLC's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Kinder Morgan Management LLC's Interest Coverage falls into.



Kinder Morgan Management LLC 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.

Kinder Morgan Management LLC's Interest Coverage for the fiscal year that ended in Dec. 2013 is calculated as

Here, for the fiscal year that ended in Dec. 2013, Kinder Morgan Management LLC's Interest Expense was €0.00 Mil. Its Operating Income was €0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

Kinder Morgan Management LLC had no debt (1).

Kinder Morgan Management LLC's Interest Coverage for the quarter that ended in Sep. 2014 is calculated as

Here, for the three months ended in Sep. 2014, Kinder Morgan Management LLC's Interest Expense was €0.00 Mil. Its Operating Income was €107.09 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

Kinder Morgan Management LLC had no debt (1).

* 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.


Kinder Morgan Management LLC  (FRA:KM5) 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 .


Kinder Morgan Management LLC Interest Coverage Related Terms

Thank you for viewing the detailed overview of Kinder Morgan Management LLC's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Kinder Morgan Management LLC (FRA:KM5) Business Description

Traded in Other Exchanges
N/A
Address
Kinder Morgan Management LLC was formed on February 14, 2001. The Company is a limited partner in Kinder Morgan Energy Partners, L.P, (KMP), and manages and controls its business and affairs pursuant to a delegation of control agreement. KMP is one of the publicly traded pipeline limited partnerships, and is a pipeline transportation and energy storage company in North America. KMP owns an interest in or operates approximately 46,000 miles of pipelines and approximately 180 terminals. KMP's pipelines transport natural gas, refined petroleum products, crude oil, carbon dioxide and other products, and its terminals store petroleum products and chemicals and handle such products as ethanol, coal, petroleum coke and steel. KMP is also the provider of carbon dioxide for enhanced oil recovery projects in North America.

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