Ultra Petroleum (Ultra Petroleum) Interest Coverage : 0 (At Loss) (As of Jun. 2020)

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What is Ultra Petroleum 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. Ultra Petroleum's Operating Income for the three months ended in Jun. 2020 was $-14.7 Mil. Ultra Petroleum's Interest Expense for the three months ended in Jun. 2020 was $-14.5 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 Ultra Petroleum's Interest Coverage or its related term are showing as below:

UPLCQ's Interest Coverage is not ranked ^*
in the Oil & Gas industry.
Industry Median: 6.675
* 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.

Ultra Petroleum Interest Coverage Historical Data

The historical data trend for Ultra Petroleum'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.

Ultra Petroleum Interest Coverage Chart

Ultra Petroleum Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Interest Coverage

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0.34

4.51

1.10

2.57

1.44

Ultra Petroleum Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Interest Coverage	Get a 7-Day Free Trial															0.55	0.46	1.37	0.31	-

Competitive Comparison of Ultra Petroleum's Interest Coverage

For the Oil & Gas E&P subindustry, Ultra Petroleum'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.

Ultra Petroleum's Interest Coverage Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Ultra Petroleum's Interest Coverage falls into.

Ultra Petroleum 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.

Ultra Petroleum's Interest Coverage for the fiscal year that ended in Dec. 2019 is calculated as

Here, for the fiscal year that ended in Dec. 2019, Ultra Petroleum's Interest Expense was $-158.2 Mil. Its Operating Income was $227.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $107.6 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2019 )	/	Interest Expense (A: Dec. 2019 )
	=	-1	*	227.073	/	-158.206
	=	1.44

Ultra Petroleum's Interest Coverage for the quarter that ended in Jun. 2020 is calculated as

Here, for the three months ended in Jun. 2020, Ultra Petroleum's Interest Expense was $-14.5 Mil. Its Operating Income was $-14.7 Mil. And its Long-Term Debt & Capital Lease Obligation was $1.1 Mil.

Ultra Petroleum did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's Financial Strength is.

Ultra Petroleum (OTCPK:UPLCQ) 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 .

Ultra Petroleum Interest Coverage Related Terms

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

Ultra Petroleum (Ultra Petroleum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ultra Petroleum Corp (OTCPK:UPLCQ) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

116 Inverness Drive East, Suite 400, Englewood, CO, USA, 80112

Website

http://www.ultrapetroleum.com

Ultra Petroleum Corp is an independent oil and gas company. The company is engaged in the development, production, operation, exploration, and acquisition of oil and natural gas properties. It's Pinedale and Jonah Fields in southwest Wyoming's Green River Basin are two of the largest natural gas fields in the United States.

Executives

Kason Kerr	officer: VP, Gen Counsel, Corp Secy	C/O ULTRA PETROLEUM CORP. 116 INVERNESS DRIVE EAST, SUITE 400 ENGLEWOOD CO 80112
Scoggins Edward Andrew Jr.	director	C/O ULTRA PETROLEUM CORP, 400 NORTH SAM HOUSTON PKWY EAST, ST 1200, HOUSTON TX 77060
Neal P Goldman	director	10700 PARKRIDGE BLVD., RESTON VA 20191
Mark T Solomon	officer: VP, Chf Acctg Ofr, Controller	C/O ULTRA PETROLEUM CORP., 116 EAST INVERNESS DRIVE, SUITE 400, ENGLEWOOD CO 80112
Sylvia K. Barnes	director	4853 POST OAK TIMBER DRIVE, HOUSTON TX 77056
Stratton J. Jay Jr.	officer: Sr VP, Chief Operating Officer	C/O ULTRA PETROLEUM CORP. 116 EAST INVERNESS DRIVE, SUITE 400 ENGLEWOOD CO 80112
C Bradley Johnson	director, officer: President and CEO	C/O ULTRA PETROLEUM CORP. 116 INVERNESS DRIVE EAST, SUITE 400 ENGLEWOOD CO 80112
David W Honeyfield	officer: Sr VP, Chief Financial Officer	C/O ULTRA PETROLEUM CORP., 116 INVERNESS DRIVE EAST SUITE 400, ENGLEWOOD CO 80112
Fir Tree Inc.	10 percent owner	500 FIFTH AVENUE, 9TH FLOOR, NEW YORK NY 10110
Michael J Keeffe	director	400 N. SAM HOUSTON PARKWAY E. SUITE 1200, HOUSTON TX 77060
James N Whyte	officer: Sr VP, Chief HR Officer	C/O ULTRA PETROLEUM CORP, 116 EAST INVERNESS DRIVE, SUITE 400, ENGLEWOOD CO 80112
Stephen James Mcdaniel	director	363 N. SAM HOUSTON PARKWAY E., SUITE 1200, HOUSTON TX 77060
Alan J. Mintz	director	555 FIFTH AVENUE, 18TH FLOOR, NEW YORK NY 10017
A Kent Rogers	officer: V.P., Drilling & Completions	400 N. SAM HOUSTON PARKWAY E. SUITE 1200 HOUSTON TX 77060
Maree K. Delgado	officer: See Remarks	116 INVERNESS DRIVE EAST, SUITE 400 ENGLEWOOD CO 80112