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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. Calpine's Operating Income for the three months ended in Dec. 2017 was $-100 Mil. Calpine's Interest Expense for the three months ended in Dec. 2017 was $-152 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 Calpine'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 Calpine'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.
Calpine Annual Data | |||||||||||||||||||||
Trend | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | 1.26 | 3.08 | 1.36 | 1.33 | 0.61 |
Calpine Quarterly Data | ||||||||||||||||||||
Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | |
Interest Coverage | Get a 7-Day Free Trial | 1.47 | 0.45 | 0.08 | 2.52 | - |
For the Utilities - Independent Power Producers subindustry, Calpine'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 Utilities - Independent Power Producers industry and Utilities sector, Calpine's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Calpine'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.
Calpine's Interest Coverage for the fiscal year that ended in Dec. 2017 is calculated as
Here, for the fiscal year that ended in Dec. 2017, Calpine's Interest Expense was $-621 Mil. Its Operating Income was $378 Mil. And its Long-Term Debt & Capital Lease Obligation was $11,180 Mil.
Interest Coverage | = | -1 | * | Operating Income (A: Dec. 2017 ) | / | Interest Expense (A: Dec. 2017 ) |
= | -1 | * | 378 | / | -621 | |
= | 0.61 |
Calpine's Interest Coverage for the quarter that ended in Dec. 2017 is calculated as
Here, for the three months ended in Dec. 2017, Calpine's Interest Expense was $-152 Mil. Its Operating Income was $-100 Mil. And its Long-Term Debt & Capital Lease Obligation was $11,180 Mil.
Calpine 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.
Calpine (NYSE:CPN) 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 Calpine's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
David C Merritt | director | CHARTER COMMUNICATIONS INC, 12405 POWERSCOURT DRIVE, ST LOUIS MO 63131 |
W. Thaddeus Miller | officer: EVP, CLO and Secretary | 717 TEXAS AVENUE, SUITE 1000, HOUSTON TX 77002 |
Jack A Fusco | director | C/O FOSTER WHEELER LTD., PERRYVILLE CORPORATE PARK, CLINTON NJ 08809 |
Frank Cassidy | director | |
Thad Hill | director, officer: President & CEO | 717 TEXAS AVENUE, SUITE 1000, HOUSTON TX 77002 |
Mosbacher Robert A Jr | director | 333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102 |
W Benjamin Moreland | director | C/O CLEAR CHANNEL OUTDOOR HOLDINGS, INC., 4830 NORTH LOOP 1604W, SUITE 111, SAN ANTONIO TX 78249 |
Laurie Brlas | director | C/O ALBEMARLE CORPORATION, 4250 CONGRESS ST STE 900, CHARLOTTE NC 28209 |
Denise M Oleary | director | MEDTRONIC INC, 710 MEDTRONIC PKWY, MS LC310, MINNEAPOLIS MN 55432-5604 |
San Francisco Partners Lp | 10 percent owner | PO BOX 2722, C/O SPO PARTNERS & CO, SAN ANSELMO CA 94979 |
Spo Advisory Corp | 10 percent owner | PO BOX 2722, C/O SPO PARTNERS & CO, SAN ANSELMO CA 94979 |
Sf Advisory Partners Lp | 10 percent owner | 591 REDWOOD HIGHWAY STE 3215, C/O SPO PARTNERS & CO, MILL VALLEY CA 94941 |
Spo Partners Ii Lp | 10 percent owner | PO BOX 2722, C/O SPO PARTNERS & CO, SAN ANSELMO CA 94979 |
John H Scully | 10 percent owner | 591 REDWOOD HIGHWAY, SUITE 3215, MILL VALLEY CA 94941 |
Spo Advisory Partners Lp | 10 percent owner | 591 REDWOOD HIGHWAY, STE 3215, MILL VALLEY CA 94941 |
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