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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. CKX Lands's Operating Income for the three months ended in Dec. 2023 was $0.36 Mil. CKX Lands's Interest Expense for the three months ended in Dec. 2023 was $0.00 Mil. CKX Lands has no debt. The higher the ratio, the stronger the company's financial strength is.
Good Sign:
CKX Lands Inc has no debt.
(1) 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.
The historical rank and industry rank for CKX Lands'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 CKX Lands'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.
For the Oil & Gas E&P subindustry, CKX Lands'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 Oil & Gas industry and Energy sector, CKX Lands's Interest Coverage distribution charts can be found below:
* The bar in red indicates where CKX Lands'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.
CKX Lands'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, CKX Lands's Interest Expense was $0.00 Mil. Its Operating Income was $-0.03 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
CKX Lands had no debt (1). |
CKX Lands's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as
Here, for the three months ended in Dec. 2023, CKX Lands's Interest Expense was $0.00 Mil. Its Operating Income was $0.36 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
CKX Lands had no debt (1). |
* 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.
CKX Lands (AMEX:CKX) 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 CKX Lands's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Max H. Hart | director | P.O. BOX 1700, OPELOUSAS LA 70571 |
William Gray Stream | director | 2417 SHELL BEACH DRIVE, LAKE CHARLES LA 70601 |
Daniel J Englander | director | C/O AMERICA'S CARMART, 802 SOUTHEAST PLAZA AVE #200, BENTONVILLE AR 72712 |
Scott Adams Stepp | officer: Chief Financial Officer | 2417 SHELL BEACH DRIVE, LAKE CHARLES LA 70601 |
Lane T Lamure | director | POST OFFICE BOX 11941, JACKSON WY 83002 |
Ellington Edward Moreland Ii | director | 1232 CYPRESS HARBOR DRIVE, LAKE CHARLES LA 70605 |
Lee W. Boyer | director | 127 W. BROAD ST., 4TH FLOOR, LAKE CHARLES LA 70601 |
Donald Keith Duplechin | director | 131 STATE STREET, LAKE CHARLES LA 70605 |
Ottley Properties, Llc | 10 percent owner | 337 METAIRIE ROAD, SUITE 202, METAIRIE LA 70005 |
Minvielle Iv Eugene T | director | P.O. BOX 51684, LAFAYETTE LA 70505 |
Lee Bert Appleberry | director | 315 NORTH WILCREST DRIVE, HOUSTON TX 77079 |
Charles D Viccellio | director, officer: Vice President & Secretary | 4113 BEAU CHENE DRIVE, LAKE CHARLES LA 70605 |
Elizabeth Brooks Hollins | director | 1128 BIRDNEST ROAD, LAKE CHARLES X1 70611 |
Michael B White | 10 percent owner | 337 METAIRIE ROAD, SUITE 202, METAIRIE LA 70005 |
Mary W Savoy | director | 1407 ALVIN STREET, LAKE CHARLES LA 70601 |
From GuruFocus
By gurufocus 10qk • 01-06-2010
By GF Value GF Value • 05-11-2021
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