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Rentech Nitrogen Partners LP (Rentech Nitrogen Partners LP) Interest Coverage : 0 (At Loss) (As of Dec. 2015)


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What is Rentech Nitrogen Partners LP Interest Coverage?

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. Rentech Nitrogen Partners LP's Operating Income for the three months ended in Dec. 2015 was $-13.1 Mil. Rentech Nitrogen Partners LP's Interest Expense for the three months ended in Dec. 2015 was $-5.6 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 Rentech Nitrogen Partners LP's Interest Coverage or its related term are showing as below:


RNF's Interest Coverage is not ranked *
in the Agriculture industry.
Industry Median: 7.5
* Ranked among companies with meaningful Interest Coverage only.

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


Rentech Nitrogen Partners LP Interest Coverage Historical Data

The historical data trend for Rentech Nitrogen Partners LP'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.

* Premium members only.

Rentech Nitrogen Partners LP Interest Coverage Chart

Rentech Nitrogen Partners LP Annual Data
Trend Sep09 Sep10 Sep11 Dec12 Dec13 Dec14 Dec15
Interest Coverage
Get a 7-Day Free Trial 5.08 75.94 1.36 0.69 -

Rentech Nitrogen Partners LP Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.51 2.79 - - -

Competitive Comparison of Rentech Nitrogen Partners LP's Interest Coverage

For the Agricultural Inputs subindustry, Rentech Nitrogen Partners LP'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.


Rentech Nitrogen Partners LP's Interest Coverage Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Rentech Nitrogen Partners LP's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Rentech Nitrogen Partners LP's Interest Coverage falls into.



Rentech Nitrogen Partners LP Interest Coverage Calculation

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.

Rentech Nitrogen Partners LP's Interest Coverage for the fiscal year that ended in Dec. 2015 is calculated as

Here, for the fiscal year that ended in Dec. 2015, Rentech Nitrogen Partners LP's Interest Expense was $-21.7 Mil. Its Operating Income was $-81.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $347.6 Mil.

Rentech Nitrogen Partners LP did not have earnings to cover the interest expense.

Rentech Nitrogen Partners LP's Interest Coverage for the quarter that ended in Dec. 2015 is calculated as

Here, for the three months ended in Dec. 2015, Rentech Nitrogen Partners LP's Interest Expense was $-5.6 Mil. Its Operating Income was $-13.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $347.6 Mil.

Rentech Nitrogen Partners LP 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.


Rentech Nitrogen Partners LP  (NYSE:RNF) 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 .


Rentech Nitrogen Partners LP Interest Coverage Related Terms

Thank you for viewing the detailed overview of Rentech Nitrogen Partners LP's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Rentech Nitrogen Partners LP (Rentech Nitrogen Partners LP) Business Description

Traded in Other Exchanges
N/A
Address
Rentech Nitrogen Partners LP is a Delaware limited partnership formed in July 2011. The Company is engaged in manufacturing of nitrogen fertilizer. The Company owns and operates two fertilizer facilities: East Dubuque Facility and Pasadena Facility. The East Dubuque Facility produces ammonia, UAN, liquid and granular urea, nitric acid and food-grade carbon dioxide, or CO2, using natural gas as its primary feedstock. Some of these products are final products sold to customers, and others, including ammonia, are both final products and feedstocks for other products, such as UAN, nitric acid, liquid urea and granular urea. The Pasadena Facility ceased production of diammonium phosphate and monoammonium phosphate. Its Pasadena Facility is the producer of synthetic ammonium sulfate and the third largest producer of ammonium sulfate in North America. The Pasadena Facility's products are applied to many types of crops including soybeans, potatoes, cotton, canola, alfalfa, corn and wheat. The Company is subject to a number of federal and state laws and regulations related to safety, including the federal Occupational Safety and Health Act, or OSHA, and comparable state statutes, the purpose of which are to protect the health and safety of workers.
Executives
Michael S Burke director C/O AECOM TECHNOLOGY CORPORATION, 555 S. FLOWER STREET, SUITE 3700, LOS ANGELES CA 90071
Keith B Forman director, officer: Chief Executive Officer 7200 TEXAS COMMERCE TOWER, 600 TRAVIS ST, HOUSTON TX 77002
John Howard Diesch director, officer: President 1331 17TH STREET, SUITE 720, DENVER CO 80202
Rentech, Inc. 10 percent owner 10877 WILSHIRE BLVD, 10TH FLOOR, LOS ANGELES CA 90024
Carl C Icahn 10 percent owner C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH-1, SUNNY ISLES BEACH FL 33160
Halbert S Washburn director 515 SOUTH FLOWER STREET 48TH FLOOR, SUITE 4800, LOS ANGELES CA 90071