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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. Kimbell Royalty Partners LP's Operating Income for the three months ended in Dec. 2023 was $30.2 Mil. Kimbell Royalty Partners LP's Interest Expense for the three months ended in Dec. 2023 was $-7.5 Mil. Kimbell Royalty Partners LP's interest coverage for the quarter that ended in Dec. 2023 was 4.04. The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Kimbell Royalty Partners LP'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 Kimbell Royalty 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.
Kimbell Royalty Partners LP Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | 3.32 | 0.51 | 10.03 | 12.58 | 4.13 |
Kimbell Royalty Partners LP Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Interest Coverage | Get a 7-Day Free Trial | 9.03 | 4.44 | 3.61 | 4.47 | 4.04 |
For the Oil & Gas E&P subindustry, Kimbell Royalty 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.
For the Oil & Gas industry and Energy sector, Kimbell Royalty Partners LP's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Kimbell Royalty Partners LP'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.
Kimbell Royalty Partners LP'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, Kimbell Royalty Partners LP's Interest Expense was $-26.0 Mil. Its Operating Income was $107.2 Mil. And its Long-Term Debt & Capital Lease Obligation was $296.1 Mil.
Interest Coverage | = | -1 | * | Operating Income (A: Dec. 2023 ) | / | Interest Expense (A: Dec. 2023 ) |
= | -1 | * | 107.206 | / | -25.951 | |
= | 4.13 |
Kimbell Royalty Partners LP's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as
Here, for the three months ended in Dec. 2023, Kimbell Royalty Partners LP's Interest Expense was $-7.5 Mil. Its Operating Income was $30.2 Mil. And its Long-Term Debt & Capital Lease Obligation was $296.1 Mil.
Interest Coverage | = | -1 | * | Operating Income (Q: Dec. 2023 ) | / | Interest Expense (Q: Dec. 2023 ) |
= | -1 | * | 30.166 | / | -7.465 | |
= | 4.04 |
* 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.
Kimbell Royalty Partners LP (NYSE:KRP) 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 Kimbell Royalty Partners LP's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
T Scott Martin | director | 777 TAYLOR STREET, SUITE 810, FORT WORTH TX 76102 |
Blayne Rhynsburger | officer: Controller | 777 TAYLOR STREET, SUITE 810, FORT WORTH TX 76102 |
Mitch S. Wynne | director | 777 TAYLOR STREET, SUITE 810, FORT WORTH TX 76102 |
Mb Minerals, L.p. | 10 percent owner | 800 NORTH SHORELINE BLVD., SUITE 900N, CORPUS CHRISTI TX 78401 |
Sabalo Midland Basin, Inc. | 10 percent owner | 800 NORTH SHORELINE BLVD., SUITE 900N, CORPUS CHRISTI TX 78401 |
Encap Energy Capital Fund Ix, L.p. | 10 percent owner | 9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024 |
Erik B Daugbjerg | director | 3141 HOOD STREET, SUITE 500, DALLAS TX 75219 |
Brett G. Taylor | director | 777 TAYLOR STREET, SUITE 810, FORT WORTH TX 76102 |
Pep I Holdings, Llc | 10 percent owner | C/O ENCAP INVESTMENTS L.P., 1100 LOUISIANA STREET, SUITE 4900, HOUSTON TX 77002 |
Kkr Upstream Associates Llc | 10 percent owner | C/O KKR, 9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019 |
Kkr Group Partnership L.p. | 10 percent owner | C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001 |
Robert D. Ravnaas | director, officer: Chief Executive Officer | 777 TAYLOR STREET, SUITE 810, FORT WORTH TX 76102 |
Peter Alcorn | officer: Vice President-Land | 777 TAYLOR STREET, SUITE 810, FORT WORTH TX 76102 |
Matthew S. Daly | officer: Senior V.P.-Corp. Development | 777 TAYLOR STREET, SUITE 810, FORT WORTH TX 76102 |
Robert Davis Ravnaas | officer: President and CFO | 777 TAYLOR STREET, SUITE 810, FORT WORTH TX 76102 |
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