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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. Gulf Island Fabrication's Operating Income for the three months ended in Mar. 2024 was $5.7 Mil. Gulf Island Fabrication's Interest Expense for the three months ended in Mar. 2024 was $0.0 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Gulf Island Fabrication Inc has enough cash to cover all of its debt. Its financial situation is stable.
The historical rank and industry rank for Gulf Island Fabrication'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 Gulf Island Fabrication'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.
Gulf Island Fabrication Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | No Debt | - | - | No Debt | N/A |
Gulf Island Fabrication Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Interest Coverage | Get a 7-Day Free Trial | No Debt | No Debt | No Debt | N/A | N/A |
For the Metal Fabrication subindustry, Gulf Island Fabrication'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 Industrial Products industry and Industrials sector, Gulf Island Fabrication's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Gulf Island Fabrication'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.
Gulf Island Fabrication'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, Gulf Island Fabrication's Interest Expense was $0.0 Mil. Its Operating Income was $-28.2 Mil. And its Long-Term Debt & Capital Lease Obligation was $18.9 Mil.
GuruFocus does not calculate Gulf Island Fabrication's interest coverage with the available data. |
Gulf Island Fabrication's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
Here, for the three months ended in Mar. 2024, Gulf Island Fabrication's Interest Expense was $0.0 Mil. Its Operating Income was $5.7 Mil. And its Long-Term Debt & Capital Lease Obligation was $18.9 Mil.
GuruFocus does not calculate Gulf Island Fabrication's interest coverage with the available data. |
* 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.
Gulf Island Fabrication (NAS:GIFI) 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 Gulf Island Fabrication's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert M Averick | director, 10 percent owner | KOKINO LLC, 201 TRESSER BOULEVARD, 3RD FLOOR, STAMFORD CT 06901 |
Jay Troger | director | 2170 BUCKTHORNE PLACE, SUITE 420, THE WOODLANDS TX 77380 |
William E Chiles | director | C/O ENSCO INTERNTIONAL INC, 1445 ROSS AVE, DALLAS TX 75202-2792 |
Murray W. Burns | director | 16225 PARK TEN PLACE, SUITE 280, HOUSTON TX 77084 |
Matthew R Oubre | other: SVP, Commercial | 16225 PARK TEN PLACE, SUITE 300, HOUSTON TX 77084 |
Richard W. Heo | director, officer: President & CEO | 2103 RESEARCH FOREST DRIVE, THE WOODLANDS TX 77380 |
C D Richard | director | |
Michael A Flick | director | 2000 W SAM HOUSTON PARKWAY SOUTH, SUITE 1700, HOUSTON TX 77042 |
Michael J Keeffe | director | 400 N. SAM HOUSTON PARKWAY E. SUITE 1200, HOUSTON TX 77060 |
Thomas M. Smouse | officer: VP, Chief Human Resources Offi | 16225 PARK TEN PLACE, SUITE 300, HOUSTON TX 77084 |
James L. Morvant | other: SVP, Fabrication & Services | 16225 PARK TEN PLACE, SUITE 300, HOUSTON TX 77084 |
Piton Capital Partners Llc | 10 percent owner | C/O NORTH BAY ASSOCIATES, 14000 QUAIL SPRINGS PARKWAY, SUITE 2200, OKLAHOMA CITY OK 73134 |
Gregory J Cotter | director | 583 THOMPSON RD, HOUMA LA 70363 |
Christian G Vaccari | other: Executive VP of Subsidiary | 1100 POYDAS ST, STE 2000, NEW ORLEAN LA 70163 |
Donald John Mackay | other: Executive VP of Subsidiary | 16225 PARK TEN PLACE, SUITE 300, HOUSTON TX 77084 |
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