Natural Gas Services Group (Natural Gas Services Group) Interest Expense : $-7.0 Mil (TTM As of Mar. 2024)

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What is Natural Gas Services Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Natural Gas Services Group's interest expense for the three months ended in Mar. 2024 was $ -2.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-7.0 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. Natural Gas Services Group's Operating Income for the three months ended in Mar. 2024 was $ 9.3 Mil. Natural Gas Services Group's Interest Expense for the three months ended in Mar. 2024 was $ -2.9 Mil. Natural Gas Services Group's Interest Coverage for the quarter that ended in Mar. 2024 was 3.18. 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.

Natural Gas Services Group Interest Expense Historical Data

The historical data trend for Natural Gas Services Group'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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Natural Gas Services Group Interest Expense Chart

Natural Gas Services Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.02

-0.01

-0.07

-0.36

-4.08

Natural Gas Services Group 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															-	-0.19	-1.60	-2.30	-2.94

Natural Gas Services Group 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 $-7.0 Mil.

Natural Gas Services Group (NYSE:NGS) 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.

Natural Gas Services Group's Interest Expense for the three months ended in Mar. 2024 was $-2.9 Mil. Its Operating Income for the three months ended in Mar. 2024 was $9.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $172.0 Mil.

Natural Gas Services Group'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	*	9.324	/	-2.935
	=	3.18

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

Natural Gas Services Group (Natural Gas Services Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Natural Gas Services Group Inc (NYSE:NGS) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

404 Veterans Airpark Lane, Suite 300, Midland, TX, USA, 79705

Website

https://www.ngsgi.com

Natural Gas Services Group Inc provides natural gas compression equipment and services to the energy industry. The company manufacture, fabricate, rent, sell and maintain natural gas compressors and flare systems for oil and natural gas production and plant facilities. Its operating units include Gas Compressor Rental, Engineered Equipment Sales, Service, and Maintenance. The company generates the majority of its revenue by renting out low- to medium-horsepower compression equipment to natural gas production companies in unconventional oil and gas regions of the United States.

Executives

Georganne Hodges	director	2105 CITYWEST BLVD., SUITE 100, HOUSTON TX 77042
John D. Bittner	officer: Interim CFO	1920 MCKINNEY AVENUE, SUITE 950, DALLAS TX 75201
Brian L Tucker	officer: Chief Operating Officer	1250 NE LOOP 410, #1000, SAN ANTONIO TX 78209
Donald J Tringali	director	C/O INFORMATION ANALYSIS INCORPORATED, 11240 WAPLES MILL RD STE 201, FAIRFAX VA 22030
Justin Jacobs	director	382 GREENWICH AVE, SUITE ONE, GREENWICH CT 06830
James D Faircloth	officer: Interim CFO	404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705
Leslie Ann Beyer	director	C/O NATURAL GAS SERVICES GROUP., INC., 404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705
James R Hazlett	officer: Vice President-Technical Svcs.	404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705
Stephen Charles Taylor	director, officer: President and CEO	404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705
John Chisholm	director	C/O FLOTEK INDUSTRIES, INC., 2930 W. SAM HOUSTON PARKWAY N., STE. 300, HOUSTON TX 77043
Micah C. Foster	officer: Chief Financial Officer	404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705
Nigel Jenvey	director	404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705
James R Lawrence	officer: VP & Chief Financial Officer	C/O NATURAL GAS SERVICES GROUP, INC., 404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705
David L Bradshaw	director	508 WEST WALL STREET, SUITE 550, MIDLAND TX 79701
G Larry Lawrence	officer: Chief Financial Officer	C/O LEGACY RESERVES GP, LLC, 303 W. WALL STREET, SUITE 1600, MIDLAND TX 79701