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Standard Supply AS (OSL:STSU) Interest Coverage : 0 (At Loss) (As of Dec. 2023)


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What is Standard Supply AS 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. Standard Supply AS's Operating Income for the three months ended in Dec. 2023 was kr-0.2 Mil. Standard Supply AS's Interest Expense for the three months ended in Dec. 2023 was kr-0.3 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 Standard Supply AS's Interest Coverage or its related term are showing as below:

OSL:STSU' s Interest Coverage Range Over the Past 10 Years
Min: 4.7   Med: 21.27   Max: 38.16
Current: 38.16


OSL:STSU's Interest Coverage is ranked better than
78.35% of 762 companies
in the Oil & Gas industry
Industry Median: 6.575 vs OSL:STSU: 38.16

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


Standard Supply AS Interest Coverage Historical Data

The historical data trend for Standard Supply AS'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.

Standard Supply AS Interest Coverage Chart

Standard Supply AS Annual Data
Trend Dec21 Dec22 Dec23
Interest Coverage
- 4.70 37.84

Standard Supply AS Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 59.13 65.05 -

Competitive Comparison of Standard Supply AS's Interest Coverage

For the Oil & Gas Equipment & Services subindustry, Standard Supply AS'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.


Standard Supply AS's Interest Coverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Standard Supply AS's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Standard Supply AS's Interest Coverage falls into.



Standard Supply AS 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.

Standard Supply AS'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, Standard Supply AS's Interest Expense was kr-2.1 Mil. Its Operating Income was kr79.8 Mil. And its Long-Term Debt & Capital Lease Obligation was kr0.0 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*79.848/-2.11
=37.84

Standard Supply AS's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Standard Supply AS's Interest Expense was kr-0.3 Mil. Its Operating Income was kr-0.2 Mil. And its Long-Term Debt & Capital Lease Obligation was kr0.0 Mil.

Standard Supply AS 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.


Standard Supply AS  (OSL:STSU) 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 .


Standard Supply AS Interest Coverage Related Terms

Thank you for viewing the detailed overview of Standard Supply AS's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Standard Supply AS (OSL:STSU) Business Description

Traded in Other Exchanges
Address
Sjolyst Plass 2, Oslo, NOR, 0278
Standard Supply AS is a holding company for companies holding various offshore support vessels focusing on operations in the North Sea region. The company owns approximately a fleet of 8 platform supply vessels (3 wholly owned and 5 partially owned through Northern Supply AS), serving the offshore oil & gas industry. It engages in acquiring and operating offshore supply vessels , also through active investments and investment in vessels, and other investments.

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