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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. Mammoth Energy Services's Operating Income for the three months ended in Mar. 2024 was $-13.2 Mil. Mammoth Energy Services's Interest Expense for the three months ended in Mar. 2024 was $-8.1 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Mammoth Energy Services's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for Mammoth Energy Services'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.
Mammoth Energy Services Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | - | - | - | - | - |
Mammoth Energy Services Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Interest Coverage | Get a 7-Day Free Trial | 1.82 | - | - | - | - |
For the Conglomerates subindustry, Mammoth Energy Services'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.
For the Conglomerates industry and Industrials sector, Mammoth Energy Services's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Mammoth Energy Services's Interest Coverage falls into.
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.
Mammoth Energy Services's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as
Here, for the fiscal year that ended in Dec. 2023, Mammoth Energy Services's Interest Expense was $-16.2 Mil. Its Operating Income was $-20.9 Mil. And its Long-Term Debt & Capital Lease Obligation was $51.0 Mil.
Mammoth Energy Services did not have earnings to cover the interest expense. |
Mammoth Energy Services's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
Here, for the three months ended in Mar. 2024, Mammoth Energy Services's Interest Expense was $-8.1 Mil. Its Operating Income was $-13.2 Mil. And its Long-Term Debt & Capital Lease Obligation was $51.7 Mil.
Mammoth Energy Services did not have earnings to cover the interest expense. |
* 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.
Mammoth Energy Services (NAS:TUSK) 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 .
Thank you for viewing the detailed overview of Mammoth Energy Services's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Arty Straehla | director, officer: Chief Executive Officer | 1380 ROUTE 286 EAST, SUITE 121, INDIANA PA 15701 |
Arthur L Smith | director | 7308 SHADYVILLA LANE, HOUSTON TX 77055 |
Wexford Capital Lp | director, 10 percent owner | 777 WEST PUTNAM AVENUE, 1ST FLOOR, GREENWICH CT 06830 |
Mark E. Layton | officer: Chief Financial Officer | 4727 GAILLARDIA PARKWAY, SUITE 200, OKLAHOMA CITY OK 73142 |
Gpor Distribution Trust | 10 percent owner | 909 FANNIN ST, SUITE 4000, HOUSTON TX 77010 |
Booker Corey J. | director | MAMMOTH ENERGY SERVICES, INC., 14201 CALIBER DRIVE, SUITE 300, OKLAHOMA CITY OK 73134 |
Paul M. Jacobi | director | C/O WEXFORD CAPITAL LP, 777 WEST PUTNAM AVENUE, FIRST FLOOR, GREENWICH CT 06830 |
Matthew Ross | director | 4727 GAILLARDIA PARKWAY, SUITE 200, OKLAHOMA CITY OK 75201 |
Jonathan H Yellen | director | COMMONWEALTH HALL AT OLD PARKLAND, 3899 MAPLE AVENUE, SUITE 410, DALLAS TX 75219 |
Wexford Catalyst Trading Ltd | director, 10 percent owner | 411 WEST PUTNAM AVENUE, SUITE 125, GREENWICH CT 06830 |
Wexford Spectrum Trading Ltd | director, 10 percent owner | 411 WEST PUTNAM AVENUE, SUITE 125, GREENWICH CT 06830 |
Arthur H Amron | director | C/O WEXFORD CAPITAL LP, 777 WEST PUTNAM AVENUE, FIRST FLOOR, GREENWICH CT 06830 |
Gulfport Energy Corp | director, 10 percent owner | 14313 NORTH MAY AVENUE, SUITE 100, OKLAHOMA CITY OK 73134 |
Meh Sub Llc | director, 10 percent owner | C/O WEXFORD CAPITAL LP, 411 WEST PUTNAM AVE, SUITE 125, GREENWICH CT 06830 |
Rusty Neal Laforge | officer: VP, Gen. Couns., Asst. Sec. | 3324 QUAIL CREEK ROAD, OKLAHOMA CITY OK 73120 |
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