Intrepid Potash (Intrepid Potash) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is Intrepid Potash 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. Intrepid Potash's Operating Income for the three months ended in Dec. 2023 was $-4.1 Mil. Intrepid Potash's Interest Expense for the three months ended in Dec. 2023 was $0.1 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 Intrepid Potash's Interest Coverage or its related term are showing as below:

IPI's Interest Coverage is not ranked ^*
in the Agriculture industry.
Industry Median: 7.5
* 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.

Intrepid Potash Interest Coverage Historical Data

The historical data trend for Intrepid Potash'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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Intrepid Potash Interest Coverage Chart

Intrepid Potash Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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6.12

51.35

Intrepid Potash 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															-	-	-	-	-

Competitive Comparison of Intrepid Potash's Interest Coverage

For the Agricultural Inputs subindustry, Intrepid Potash'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.

Intrepid Potash's Interest Coverage Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Intrepid Potash's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Intrepid Potash's Interest Coverage falls into.

Intrepid Potash 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.

Intrepid Potash'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, Intrepid Potash's Interest Expense was $0.5 Mil. Its Operating Income was $0.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $6.2 Mil.

Intrepid Potash's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Intrepid Potash's Interest Expense was $0.1 Mil. Its Operating Income was $-4.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $6.2 Mil.

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

Intrepid Potash (NYSE:IPI) 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 .

Intrepid Potash Interest Coverage Related Terms

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Intrepid Potash (Intrepid Potash) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Intrepid Potash Inc (NYSE:IPI) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

58I1:Germany

Address

707 17th Street, Suite 4200, Denver, CO, USA, 80202

Website

https://www.intrepidpotash.com

Intrepid Potash Inc produces and sells potash and potash byproducts in three main product segments: Potash, Trio, and Oilfield solutions. The Potash segment produces and sells potash to the agricultural industry as a fertilizer input, the industrial market as a component of oil and gas drilling fluid, and the animal feed market as a nutrient supplement. The Trio segment produces and sells specialty fertilizer that consists of potassium, sulfate, and magnesium, and is mined from langbeinite ore. The oilfield solutions segment offers water, high-speed potassium chloride mixing services, salt water disposal services, and trucking services. The vast majority of revenue is generated in the United States, which is also the location of the firm's production facilities.

Executives

Jornayvaz Robert P Iii	director, 10 percent owner, officer: Chairman/CEO	1001 17TH STREET, SUITE 1050, DENVER CO 80202
Christina Sheehan	officer: General Counsel	707 17TH STREET, SUITE 4200, DENVER CO 80202
Matthew D Preston	officer: VP of Finance	C/O INTREPID POTASH, INC., 1001 17TH STREET, SUITE 1050, DENVER CO 80202
William M Zisch	director	C/O INTREPID POTASH, INC., 707 17TH STREET, SUITE 4200, DENVER CO 80202
Mary E Mcbride	director	6199 E. PRINCETON CIRCLE, ENGLEWOOD CO 80111
Clearway Capital Management Llc	10 percent owner	501 BRICKELL KEY DRIVE SUITE 602, MIAMI FL 33131
Robert E Baldridge	officer: SVP - New Mexico	C/O INTREPID POTASH, INC., 1001 17TH STREET, SUITE 1050, DENVER CO 80202
Edward Brian Stone	officer: President and COO	C/O INTREPID POTASH, INC., 1001 17TH STREET, SUITE 1050, DENVER CO 80202
Kyle R Smith	officer: VP, General Counsel	C/O INTREPID POTASH, INC., 1001 17TH STREET, SUITE 1050, DENVER CO 80202
Lori A Lancaster	director	302 WEST 86TH STREET. APT. 4C, NEW YORK NY 10024
Wells Stanley W Ii	officer: Vice President Human Resources	1001 17TH ST, SUITE 1050, DENVER CO 80202
Teton Trust Co Llc As Trustee Of Clearway Trust	10 percent owner	36 E. BROADWAY, SUITE 9-3 PO BOX 490, JACKSON WY 83001
Erica Wyatt	officer: Chief Human Resources Officer	C/O INTREPID POTASH, INC., 1001 17TH STREET, SUITE 1050, DENVER CO 80202
Terry Considine	director	4582 SOUTH ULSTER STREET PARKWAY, SUITE 1100, DENVER CO 80237
Clearway Capital Management Ltd.	10 percent owner	501 BRICKELL KEY DRIVE SUITE 602, MIAMI FL 33131