Par Pacific Holdings (Par Pacific Holdings) Interest Expense : $-74 Mil (TTM As of Mar. 2024)

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What is Par Pacific Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Par Pacific Holdings's interest expense for the three months ended in Mar. 2024 was $ -18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-74 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. Par Pacific Holdings's Operating Income for the three months ended in Mar. 2024 was $ 4 Mil. Par Pacific Holdings's Interest Expense for the three months ended in Mar. 2024 was $ -18 Mil. Par Pacific Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 0.21. 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.

Par Pacific Holdings Interest Expense Historical Data

The historical data trend for Par Pacific Holdings'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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Par Pacific Holdings Interest Expense Chart

Par Pacific Holdings Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-74.84

-70.22

-66.49

-68.29

-72.45

Par Pacific Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-16.25	-14.91	-20.82	-20.48	-17.88

Par Pacific Holdings 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-74 Mil.

Par Pacific Holdings (NYSE:PARR) 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.

Par Pacific Holdings's Interest Expense for the three months ended in Mar. 2024 was $-18 Mil. Its Operating Income for the three months ended in Mar. 2024 was $4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $932 Mil.

Par Pacific Holdings's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	3.715	/	-17.884
	=	0.21

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

Par Pacific Holdings (Par Pacific Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Par Pacific Holdings Inc (NYSE:PARR) » Definitions » Interest Expense

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Traded in Other Exchanges

61P:Germany

Address

825 Town & Country Lane, Suite 1500, Houston, TX, USA, 77024

Website

https://www.parpacific.com

Par Pacific Holdings Inc is an oil and gas company that manages and maintains interests in energy and infrastructure businesses. The company has three reportable segments namely Refining, Under its refining business, the company produces ultra-low-sulfur diesel, gasoline, jet fuel, marine fuel, LSFO, and other associated refined products. Its Retail includes operation licenses out brands to serve the retail consumer. Through the Logistics segment, crude shipments are delivered to the refinery, in addition to finished products that are exported. It generates maximum revenue from the Refining segment.

Executives

William Pate	director
Shawn David Flores	officer: See Remarks	825 TOWN & COUNTRY LN., SUITE 1500, HOUSTON TX 77024
William Monteleone	director, officer: Senior VP of M&A	TWO NORTH RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606
Jeffrey Ryan Hollis	officer: General Counsel and Secretary	825 TOWN & COUNTRY LANE, SUITE 825, HOUSTON TX 77024
Patricia Martinez	director	825 TOWN & COUNTRY LANE, SUITE 1500, HOUSTON TX 77024
Aaron Zell	director	825 TOWN & COUNTRY LANE, SUITE 1500, HOUSTON TX 77024
Danielle Mattiussi	officer: See Remarks	825 TOWN & COUNTRY LANE, SUITE 1500, HOUSTON TX 77024
Jim Yates	officer: Senior Vice President	ONE MEMORIAL PLAZA, 800 GESSNER ROAD SUITE 875, HOUSTON TX 77024
L Melvin Cooper	director	2930 W. SAM HOUSTON PARKWAY N, SUITE 300, HOUSTON TX 77043
Chai Trust Co Llc	10 percent owner	TWO NORTH RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606
Zell Credit Opportunities Master Fund, L.p.	10 percent owner	2 NORTH RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606
Ivan Daniel Guerra	officer: Corporate Controller	800 GESSNER RD., SUITE 875, HOUSTON TX 77024
Richard Creamer	officer: See Remarks	825 TOWN & COUNTRY LANE, SUITE 1500, HOUSTON TX 77024
Melvyn N Klein	director	615 UPPER BROADWAY, STE 1940, CORPUS CHRISTI TX 78477
Phillip S Davidson	director	825 TOWN & COUNTRY LANE, SUITE 1500, HOUSTON TX 77024