P.A.M. Transportation Services (P.A.M. Transportation Services) Interest Coverage

: 0 (At Loss) (As of Dec. 2023)

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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. P.A.M. Transportation Services's Operating Income for the three months ended in Dec. 2023 was $-0.7 Mil. P.A.M. Transportation Services's Interest Expense for the three months ended in Dec. 2023 was $-2.6 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 P.A.M. Transportation Services's Interest Coverage or its related term are showing as below:

PTSI' s Interest Coverage Range Over the Past 10 Years
Min: 1.52 Med: 5.27 Max: 15.2
Current: 3.19

PTSI's Interest Coverage is ranked worse than
67.32% of 817 companies
in the Transportation industry
Industry Median: 5.6 vs PTSI: 3.19

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

P.A.M. Transportation Services Interest Coverage Historical Data

The historical data trend for P.A.M. Transportation Services'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.

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P.A.M. Transportation Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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1.52

3.89

12.28

15.20

3.19

P.A.M. Transportation Services 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															8.39	3.36	6.25	4.15	-

Competitive Comparison

For the Trucking subindustry, P.A.M. Transportation Services'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.

P.A.M. Transportation Services Interest Coverage Distribution

For the Transportation industry and Industrials sector, P.A.M. Transportation Services's Interest Coverage distribution charts can be found below:

* The bar in red indicates where P.A.M. Transportation Services's Interest Coverage falls into.

P.A.M. Transportation Services 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.

P.A.M. Transportation Services'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, P.A.M. Transportation Services's Interest Expense was $-9.2 Mil. Its Operating Income was $29.3 Mil. And its Long-Term Debt & Capital Lease Obligation was $204.8 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	29.267	/	-9.177
	=	3.19

P.A.M. Transportation Services's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, P.A.M. Transportation Services's Interest Expense was $-2.6 Mil. Its Operating Income was $-0.7 Mil. And its Long-Term Debt & Capital Lease Obligation was $204.8 Mil.

P.A.M. Transportation Services did not have earnings to cover the interest expense.

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

P.A.M. Transportation Services (NAS:PTSI) 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 .

P.A.M. Transportation Services Interest Coverage Related Terms

Thank you for viewing the detailed overview of P.A.M. Transportation Services's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

P.A.M. Transportation Services (P.A.M. Transportation Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » P.A.M. Transportation Services Inc (NAS:PTSI) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

297 West Henri De Tonti Boulevard, Tontitown, AR, USA, 72770

Website

https://www.pamtransport.com

P.A.M. Transportation Services Inc is engaged in truckload dry van carriers transporting general commodities. Its operations are classified as motor carrier segment or brokerage and logistics services around the United States, Mexico, and Canada. The company freight consists of automotive parts, expedited goods, consumer goods, such as general retail store merchandise, and manufactured goods, such as heating and air conditioning units. The company generates maximum revenue from the United States.

Executives

Edwin J. Lukas	director	12225 STEPHENS ROAD, WARREN MI 48089
Matthew T Moroun	director, 10 percent owner	12225 STEPHENS ROAD, WARREN MI 48089
W Scott Davis	director	7 SUNSET DRIVE, LITTLE ROCK AR 72207
Joseph A. Vitiritto	director, officer: President and CEO	P.O. BOX 188, TONTITOWN AR 72770
Matthew J. Moroun	director	12225 STEPHENS ROAD, WARREN MI 48089
Michael D. Bishop	director	P.O. BOX 188, TONTITOWN AR 72770
Humberto Pete Montano	director	P.O. BOX 188, TONTITOWN AR 72770
Allen West	officer: VP Finance, CFO, Secy, Treas	POST OFFICE BOX 188, TONTITOWN AR 72770
Matt Herndon	officer: Chief Operating Officer	4080 JENKINS ROAD, CHATTANOOGA TN 37421
Franklin Mclarty	director	297 WEST HENRI DE TONTI, TONTITOWN AR 72770
Daniel H Cushman	director, officer: President	PO BOX 188, TONTITOWN AR 72770
Norman E Harned	director	12225 STEPHENS ROAD, WARREN MI 48089
Frederick P Calderone	director	C/O CENTRAL TRANSPORT INTL, 12225 STEPHENS RD, WARREN MI 48089
Larry J Goddard	officer: EXECUTIVE VICE PRESIDENT	PAM TRANSPORTATION SVC INC, 297 W HENRI DETONTI BLVD, TONTITOWN AR 72712
Lance Stewart	officer: VP Fin, CFO, Sec. and Treas.	POST OFFICE BOX 188, TONTITOWN AR 72770