Brookfield Infrastructure Partners LP (Brookfield Infrastructure Partners LP) Interest Expense : $-2,254 Mil (TTM As of Dec. 2023)

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What is Brookfield Infrastructure Partners LP Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Brookfield Infrastructure Partners LP's interest expense for the three months ended in Dec. 2023 was $ -479 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-2,254 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. Brookfield Infrastructure Partners LP's Operating Income for the three months ended in Dec. 2023 was $ 1,292 Mil. Brookfield Infrastructure Partners LP's Interest Expense for the three months ended in Dec. 2023 was $ -479 Mil. Brookfield Infrastructure Partners LP's Interest Coverage for the quarter that ended in Dec. 2023 was 2.70. 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.

Brookfield Infrastructure Partners LP Interest Expense Historical Data

The historical data trend for Brookfield Infrastructure 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.

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Brookfield Infrastructure Partners LP Interest Expense Chart

Brookfield Infrastructure Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-821.00

-1,039.00

-1,237.00

-1,599.00

-2,254.00

Brookfield Infrastructure Partners LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-241.00	-568.00	-567.00	-640.00	-479.00

Brookfield Infrastructure 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2,254 Mil.

Brookfield Infrastructure Partners LP (NYSE:BIP) Interest Expense Explanation

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

Brookfield Infrastructure Partners LP's Interest Expense for the three months ended in Dec. 2023 was $-479 Mil. Its Operating Income for the three months ended in Dec. 2023 was $1,292 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $43,090 Mil.

Brookfield Infrastructure Partners LP's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	1292	/	-479
	=	2.70

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Brookfield Infrastructure Partners LP interest coverage is 1.79, which is low.

Brookfield Infrastructure Partners LP (Brookfield Infrastructure Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Brookfield Infrastructure Partners LP (NYSE:BIP) » Definitions » Interest Expense

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Traded in Other Exchanges

BIPpB.PFD:USA BIPpA.PFD:USA BIP.PR.F.PFD:Canada BIP.PR.E.PFD:Canada BIP.UN:Canada BIP.PR.B.PFD:Canada BIP.PR.A.PFD:Canada

Address

73 Front Street, 5th Floor, Hamilton, BMU, HM12

Website

https://www.bip.brookfield.com

Brookfield Infrastructure Partners LP is a Bermuda exempted limited partnership that owns and operates quality, long-life assets that generate stable cash flows, by virtue of barriers to entry or other characteristics tend to appreciate in value over time. It focuses on acquiring infrastructure assets that have low maintenance capital costs and high barriers to entry. The company's segments consist of Utilities, Transport, Midstream, and Data. Geographically, it generates maximum revenue from Canada and also has a presence in Australia, Colombia, United Kingdom, Brazil, United States of America, Chile, Peru and other countries.